600 exhibitors attend MIFF in Malaysia

Kuala Lumpur, 8th March: Malaysian International Furniture Fair (MIFF), Malaysia’s largest furniture fair, celebrated its 25th anniversary this year. Some 600 exhibitors from 14 countries and regions attended the exhibition this year.

Running from 8th to 11th March, MIFF was held at two separate venues in Kuala Lumpur, Malaysia International Trade and Exhibition Centre (MITEC) and Putra World Trade Centre (PWTC). According to the organiser, UBM Malaysia (a subsidiary of Informa Global Exhibitions), pre-registered international buyers increased by 10% at this edition with strong numbers from North America, Africa and Eastern Europe.

Datuk Dr Tan Chin Huat, MIFF Founder and Chairman, commented, “MIFF will build on its strong legacy as a partner to the local industry to expand exports and drive growth and prosperity for all. We will increase our engagement with exhibitors and partners to ensure MIFF sustains its position as a unique trade show. We must work closer than ever because our future success depends on how well we can create new opportunities, new customers and new ways to bring innovative products to the market.”

Source: PR Newswire article

First LED & SIGN CHINA held in Shenzhen

Shenzhen, 11th March: The inaugural edition of SIGN China – Shenzhen, LED CHINA – Shenzhen and Digital Signage – Shenzhen concluded last month, held at the Shenzhen Convention & Exhibition Center (SZCEC). The co-located events featured over 550 brands.

Organised by UBM Trust, the co-located shows ran from 21st to 23rd February 2019. Three-day shows attracted a total of 24,039 professional buyers – 3,071 visitors, or 13%, were international buyers from 104 countries and regions. Exhibitors covered a wide range of segments from the sign, LED, and digital signage industries, while visitors were primarily from the LED and advertising fields, but other visitor categories included stage lighting, landscape illumination, transportation, retail security surveillance, and hotel & property management.

The 2019 Future Sign Academy Spring Summit was also held during the exhibition, gathering nearly 2,500 professionals to share information on the latest trends and developments. According to the organiser, the summit provided a platform for the end-users, advertising agencies, systems integrators, designers, professional buyers and media to learn of the latest industry trends.

The co-located shows were originally held annually in Shanghai. The next Shanghai edition will run from 18th to 20th September 2019 at the Shanghai New International Expo Centre (SNIEC). The next Shenzhen edition will return to SZCEC running from 24th to 26th February 2020.

Source: PR Newswire article

MyCEB supported 300 events in Malaysia in 2018

Malaysia, March: Recently, the Malaysia Convention & Exhibition Bureau (MyCEB) released its annual report for 2018. In total, the bureau supported 300 events during the year, generating an estimated economic impact of RM2.47 billion (US$595 million) for Malaysia. A total of 350,000 delegates attended these events, including 163,000 international delegates.

A total of 195 corporate & incentive events were held in 2018, while the bureau supported 84 association events and 21 exhibitions. Corporate & incentive events featured over 61,000 delegates (of those, 60,399 were international delegates) and generated an economic impact of RM 790 million (US$190 million).

Association events generated an estimated economic impact of RM 1.05 billion (US$253 million), attracting almost 100,000 delegates (including 47,832 international delegates). Exhibitions attracted 190,155 delegates and of those 55,000 were international. The economic impact of those exhibitions was approximately US$152 million.

According to MyCEB, some 152 business events were secured during 2018 featuring an estimated 118,735 delegates and generating RM 1.58 billion (US$379 million) in economic impact. MyCEB also secured and supported 10 “major events” in 2018, attracting a total of 69,484 delegates, including 19,497 international delegates. Total tourist expenditure at these events was RM 87 million (US$21 million).

Source: MyCEB Annual Report 2018

Singapore to host more MICE events

Singapore, 8th March: According to Singapore Tourism Board (STB), tourism receipts from the business travel and MICE sector generated S$3.4 billion (US$2.5 billion) in the first nine months of 2018, which represents growth of 10% year-on-year. Visitor arrivals in the same period increased 14%, reaching two million.

Singapore will host a number of sizeable business events in 2019 and beyond. Some of the events secured were new to Singapore. Professional services, technology and food & beverage sectors are expected to record growth in the coming two years. It is estimated the professional services and technology sectors will attract 10,500 and 6,000 delegates, respectively in 2019. The F&B sector will also have high-profile events held in Singapore. Food&HotelAsia (FHA), a leading F&B trade show in Singapore, will split into two events – FHA-HoReCa and FHA-F&B – in 2020 and overall, is expected to attract more delegates.

Key inaugural meetings scheduled to be held in Singapore include: the Kaspersky Security Analyst Summit 2019, the Baker Tilly International Global Tax Conference 2019 & Baker Tilly International World Conference 2019, as well as Oracle OpenWorld Asia 2019.

Sources: CEI article, TTGmice article

Melbourne wins huge international convention

Melbourne, 14th March: Melbourne won the bid the host the 2023 Rotary International Convention. It is expected to draw tens of thousands of visitors.

The bid was led by the Melbourne Convention Bureau (MCB) and supported by the Victorian and Australian governments. Approximately 20,000 Rotary members from over 200 countries and regions will inject over A$88 million (US$63 million) into the Victoria state economy. The convention will be hosted across two venues – Melbourne Convention and Exhibition Centre (MCEC) and Rod Laver Arena at Melbourne & Olympic Parks.

MCB CEO Karen Bolinger commented, “Victoria is a world-leader in the business events sector, and we intentionally pursue events of this size and scale as they deliver significant benefit back to the State. The MCB’s strong connections and collaboration with government and local suppliers – its ‘whole-of-city’ approach to winning and delivering events in Melbourne – provides invaluable support to Victoria’s visitor economy.”

Sources: Biz Events Asia article, Campaign Asia article, Conference & Meetings World article, TTGmice article

Messe Berlin to launch ITB India in 2020

Mumbai, 5th March: Messe Berlin, an international exhibition organiser, announced plans to launch ITB India, a B2B travel trade show and convention, in 2020. Running from 15th to 17th April 2020, the show will take place at the Bombay Exhibition Centre (BEC) in Mumbai.

ITB India aims to bring together key travel industry leaders and buyers from India and international exhibitors from the MICE, leisure and corporate sectors. The show will be organised by Messe Berlin (Singapore) Limited and will be supported by the Indo-German Chamber of Commerce.

Katrina Leung, managing director of Messe Berlin (Singapore), stated, “Having successfully run 11 editions of ITB Asia, it is logical for us to progress to the next frontier of travel in Asia. India represents an extremely promising market with a growing purchasing power among travellers from the region. We are optimistic that ITB India will be a prominent platform for attendees from the MICE, leisure and corporate sectors to come together to further grow the Indian travel market.”

Sources: ITB India press release, TTG Asia article

Share price movement in B2B media companies involved in Asia

Table 1: Stock price of selected media companies, as of 12 March 2019

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Table 2: Share price movement in B2B media companies involved in Asia

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Table 3: PE Ratios of listed Asian B2B media companies

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Figure 1: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement over past 12 months)

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Figure 2: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement since January 2019)

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Taipei Nangang Exhibition Center Hall 2 opens

Taipei, 4th March: The long awaited Hall 2 at the Taipei Nangang Exhibition Center opened on 4th March. The new addition raises the capacity of Nangang from about 45,000 m2 to almost 80,000 m2. The venue now has capacity for 5,000 booths. Hall 2 will also be known as TaiNEX2. According to TAITRA, 38 meeting rooms at the TaiNEX2 are still under construction. Those facilities are expected to be completed in October 2019.

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