News this week: UFI, the Global Association of the Exhibition Industry, announced the results of its 7th Global Barometer Survey. Data of the survey was collected from 194 companies from 54 countries which includes UFI members and members of SISO (Society of Independent Show Organizers) in the U.S., AFIDA (Asociacion International de Ferias de America) in Central and South America, and EXSA, the Exhibition and Events Association of Southern Africa.
The results of the survey indicate the majority of companies worldwide are now registering a return to gross turnover growth. Separating by region, the Asia/Pacific sector reported its growth trend returned at the end of 2009. The Americas reported a return to growth in early 2010, and Europe lagged behind until the end of 2010.
In terms of operating profit around three companies out of 10 in Europe, four in the Americas, and six in Asia/Pacific reported seeing over 10% increase in profit for 2010. Also in the same three regions, half of the companies are expecting profits to increase more than 10% in 2011. While the Middle East/Africa region remained stable throughout the economic downturn.
The survey also shows that 50% across all regions felt the impact of the economic downturn is still present, with the exception of Asia /Pacific where 65% of respondents claimed to have already put the crisis behind them.
Paul Woodward, managing director of UFI, commented in the press release, “While some concern remains about potential economic fragility, the continuing growth in turnover in all regions is definitely good news. UFI will continue to track the state of the industry in a bi-annual industry survey as we provide the exhibition community with data needed to make forward thinking business decisions.”
This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.
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