UFI: Exhibitions generate US$325 billion in 2018

Paris, 23rd April: UFI, The Global Association of the Exhibition Industry, released a new report, Global Economic Impact of Exhibitions, calculating the total global economic impact of exhibitions. According to the report, exhibitions generated €275 billion (US$325 billion) in total output globally in 2018.

UFI worked with Oxford Economics to produce the report and was also supported by SISO (Society of Independent Show Organisers). The exhibition sector generated direct GDP of €68.7 billion (US$81.8 billion) during the year. In 2018, some 32,000 exhibitions involved 303 million visitors and over 4.5 million exhibitors across more than 180 countries. A total of €167 billion (US$198 billion) was generated from direct spending and jobs that are specifically involved in planning and producing exhibitions, and for participants and exhibitors to travel to exhibitions, as well as other exhibition-related spending.

Korea to introduce new MICE marketing campaigns

Korea, 17th April: The Korea MICE Bureau (KMB) will introduce two new MICE marketing campaigns designed to boost the industry in Korea. The new campaign for conventions will be “Stay Connected for Your Success,” while the corporate meetings & incentives campaign theme will be “Light Up Your Passion.”

The convention message summarizes Korea’s three key strengths in the international conferences: Convenient, Advance, and Network.

Meanwhile, the corporate meetings & incentives campaign comes from Korea’s three key strengths as a meetings and incentives destination: Intriguing, Innovation, and Convenient.

Made-in-China.com’s revenues up 25% in Q1

Nanjing, 25th April: Earlier this week, Focus Technology, owner and operator of Made-in-China.com, reported its financial results for the quarter ended 31st March 2019. Total revenues were US$35 million in the quarter. That represents a year-on-year increase of 25%.

In the same period, the Shenzhen-listed company posted growth of more than five times in its net profits, reaching US$9.8 million. Diluted earnings per share in the quarter were RMB 0.28 (US$0.042). Focus Technology’s management did not comment on the reasons for the growth in revenues and profits.