Nearly 300 delegates attend UFI Asia-Pacific Conference in Macau

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Paris/Macau, 12th February: Last week, UFI, The Global Association of the Exhibition Industry, concluded its annual UFI Asia-Pacific Conference in Macau, which was attended by nearly 300 delegates from 20 countries and regions. Hosted by the Macau Fair & Trade Association, the event was held from 7th to 8th March at The Parisian Macao, and was co-located with the inaugural Asian edition of the Event Directors Summit.

Over the two days of the conference, speakers covered key issues such as the rise of AI and its expected impact on exhibitions, the importance of implementing sustainable best practices, the evolution of event formats and exciting opportunities emerging in China’s Greater Bay Area.

Informa Markets’ revenues up 66% in FY2023

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London, 8th March: Informa PLC released its full year results for the year ended 31st December 2023, reporting revenues of £3.2 billion (US$4.1 billion), which represents underlying growth of 30%. Adjusted operating profits were £854 million (US$1.1 billion), representing underlying growth of 59%.

Informa’s events business, Informa Markets, reported revenues of £1.6 billion (US$2.0 billion), with underlying growth of 66%. Adjusted operating profits were £461 million (US$586 million). That figure is up 166% compared with the previous year.

GL events revenues up 9%

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Lyan, 6th March: GL events has also released its financial results for the year ended 31st December 2023. It reported revenue growth of 9%, reaching €1.43 billion (US$1.6 billion).

In terms of business sectors, more than 57% of revenues were generated from GL events Live, with revenues of €825 million (US$911 million), down 3% year-on-year. The second largest sector was GL events Venues, generating revenues of €393 million (US$434 million), representing year-on-year growth of 21%. Remaining revenue of €210 million (US$231 million) was generated by GL events Exhibitions, which jumped 51% over the previous year.

Business travel with technologies in 2024

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Worldwide, 6th March: Post pandemic business travel has fully recovered, returning to 2019 levels. However, the industry has much changed over the past five years, with new technologies available to deliver an enhanced experience when travelling for work.

The Globetrender report identifies seven trends that will shape and define business travel in the coming 12 months:

1)    AI PAs; 2)    Executive field trips; 3)    Objective stacking; 4)    Blended itineraries; 5)    Net zero heroes; 6)    Digitised expenses; 7)    Power networking.

Quick takes

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VALVE WORLD EXPO India premieres at the Bombay Exhibition Centre

The inaugural edition of VALVE WORLD EXPO India will be held from 19th to 20th September 2024 at the Bombay Exhibition Centre, catering to the oil, gas, energy, petrochemical, water and wastewater sectors. The event is being organised and staged by Messe Dusseldorf India and its partner Global Flow Control.

MyCEB and BE Sarawak promote business events in Malaysia

Malaysia Convention & Exhibition Bureau (MyCEB) and Business Events Sarawak (BE Sarawak) are joining forces to promote Malaysia as a prime destination for business events. At a recent event in held in Kuching, Sarawak, around 100 stakeholders including industry representatives and relevant government bodies, focused on the benefits of MyCEB’s innovative MyTripleE incentive campaign.

CEIR reports continued rebound in US B2B exhibition industry

The Center for Exhibition Industry Research (CEIR) reported that the CEIR Total Index – a measure of overall exhibition performance – continues to recover, surging 15% from a year ago. CEIR teamed up with Tourism Economics, an Oxford Economics Company, as its consulting partner to produce the research.