CEIR Report: Healthy Second Quarter
Staff -- Tradeshow Week, 10/15/2007
The latest report from the Center for Exhibition Industry Research said tradeshow revenue continued to grow in the second quarter of 2007.
According to CEIR, year-to-date revenue rose 11.3 percent to $2.65 billion compared with the same period in 2006. In addition, tradeshow attendance grew 13.5 percent, net square footage 3 percent and number of exhibitors 4.5 percent.
According to CEIR President Doug Ducate, the results demonstrate the exhibition industry is healthy, vibrant and growing. He expects the growth trend to continue through 2007.
Tradeshow Week is also tracking solid industry growth, according to Associate Publisher and Director of Research Michael Hughes. In the second quarter of 2007, Tradeshow Week's Quarterly Report of Tradeshow Statistics found a healthy attendance jump of 7.6 percent (compared with a 1.3-percent increase during the same period in 2006), a 2.2-percent increase in net square footage and a 1.9-percent rise in the number of exhibiting firms.
Why the difference in report findings?
"Tradeshow Week's quarterly reports and the TSW 200 track a wide cross-section of shows in dozens of industry sectors. The CEIR data focuses on 11 industry sectors," Hughes said.
To measure industry performance, the CEIR Index charts year-over-year changes in the professional business services, consumer and retail trade, sports and entertainment, food, government, building and construction, industrial and manufacturing, communications and information technology, medical and health care, raw materials and science, and transportation sectors.
CEIR previously had reported that the exhibition industry grew 4.8 percent in 2006 compared with 2005, slightly below the 5.8-percent gain in the industry in 2005 compared with 2004. Still, it was the fourth consecutive year of industry growth reported by CEIR, and the reports from 2000 to 2006 found industry growth in all four exhibition industry metrics: net square footage (up 3.6 percent), revenue (2.6 percent), attendance (1.6 percent) and exhibitors (1.5 percent).
In 2006, revenue increased 9.7 percent, followed by 4.6-percent, 3.8-percent and 1.3-percent gains in attendance, net square footage and exhibitors, respectively.
