RELX and DMGT release COVID-hit results

London, 23rd July: Yesterday, RELX plc and DMGT plc released their latest financial results. For RELX it covers the previous six months and for DMGT the previous nine months ended 30th June 2020.

RELX recorded group revenues of £3.5 billion (US$4.3 billion) in the first half of 2020, a year-on-year decrease of 10%. Its adjusted operating profit dropped 24% down to £939 million (US$1.2 billion).

DMGT’s group revenues were £934 million (US$1.1 billion) for the nine months ended 30th June. That represents an underlying decrease of 7%. The group adjusted operating profit was £63 million (US$77 million) in the nine-month period, compared with a profit of £112 million (US$138 million) last year.

UFI updates COVID-19 damage assessment

Paris, 20th July: Earlier this week, UFI, The Global Association of the Exhibition Industry, released an updated COVID-19 damage assessment for the global exhibitions and trade show industry, covering the full year of 2020.

According to its recently released UFI Global Exhibition Barometer, industry revenues in the first half of 2020 dropped by two thirds compared to the same period last year. UFI also provided an expectation of revenues for the full year of 2020. According to survey organisers, they expect to generate revenues far below 2019 levels. Organisers in Europe and North America expect revenues to be 44% of 2019, while the figure in Asia was 39% and Central and South America were both lower at 33%. The Middle East & Africa was 31%. BSG notes that even these forecasts now seem optimistic given that for an increasing number of geographic markets, the rest of 2020 could be a complete write-off.

Quick takes

UFI releases Global Exhibition Barometer research

The report provides insight into 25 exhibition markets globally. Surveyed organisers expected 2020 revenues to drop by 60% compared with 2019. That seems optimistic.

Macau and Guangdong province ease travel restrictions

There are still plenty of restrictions and hurdles to travel, but at least it is a step in the right direction.

Rethinking exhibitions

UFI’s Kai Hattendorf was part of a very good panel session on the future of exhibitions. It is worth watching (or reading).

Quick takes

Informa delays September Jewellery Fair

Informa Markets' September Hong Kong Jewellery & Gem Fair has been rescheduled to November and it will be held at one venue (AWE) instead of the usual two venues. For the new November dates to work, travel restrictions will need to have been significantly eased as this event typically attracts visitors and exhibitors from 100+ countries. And the 2020 June Jewellery & Gem Asia Hong Kong (a smaller event) has been cancelled. Next edition will be June 2021 after surveyed exhibitors preferred that option.

Koelnmesse cancels events until end of October

After consulting their exhibitors and visitors, Koelnmesse opts to cancel its own events until the end of October. There is an important point here. The exhibition industry may be keen to organise events and local government may allow it, but until the exhibitors and visitors feel confident, events are not going to restart in any meaningful way.

RAI Amsterdam lay offs in reorganisation

RAI is expecting to lose €20 million this year and as a result, the company will lay off 125 employees. Total staff employed is currently 483. Unfortunately, this is likely the first of many announcements like this from around the world.

New convention and exhibition center in Fujian

Quanzhou, Fujian, 7th July: A new convention and exhibition venue, Jinjiang International Convention and Exhibition Center (JJCEC), opened in Quanzhou in Fujian province last month.

JJCEC, managed and operated by Pico Far East Holdings, is a large-scale, modern multi-purpose complex, offering full-fledged exhibition and convention facilities in Quanzhou. Featuring a site area of 120,000 m2, the venue provides 40,000 m2 of exhibition space across four exhibition halls.

SingEx to host physical events in China

China, 8th July: Singapore-based SingEx Exhibitions will organise its second large-scale physical event this year in Shanghai later this month, following the first event in Guangzhou in June.

The Shanghai International Epidemic-Prevention Material and Equipment Fair, organised by Worldex-SingEx Exhibitions, will run from 15th to 16th July. The event will feature products and services useful in battling the COVID-19 outbreak. As with the Guangzhou event, the Shanghai exhibition will have in place strict hygiene and safety measures.

Taiwan restarts business events; Melbourne goes back into lockdown

Taiwan/Australia, 7th July: After lifting restrictions on domestic meetings and events on 11th June, Taiwan reports strong demand for business events. More than 50 events are scheduled to be held before the end of July.

In Taiwan, the events will have to follow guidelines set by the authorities to ensure the health and safety of delegates. As of 3rd July, Taiwan recorded a total 447 confirmed COVID-19 cases and seven deaths.

In less positive news, in Melbourne, the authorities have locked down the city for the second time after recording 191 new COVID-19 cases overnight. State premier Daniel Andrews said the lockdown would last at least six weeks.

Media 10 forms JV in China to launch ChuMan Festivals

China, 6th July: Media 10 announced plans to form a new joint venture with Guangzhou Dreampix to produce a series of new events, ChuMan Festivals, with the aim of capitalising on the growing pop culture market in China.

The ChuMan Festivals will be held in major cities in China – including Shanghai and Chongqing – leveraging the popularity of the Touch Manga platform. The events will feature comics, collectibles, cosplay, games, education and retail, enabling visitors to meet fellow users, see their favourite artists, watch stage shows and shop from hand-picked exhibitors.

UFI cancels 2020 Asia-Pacific Conference

Paris, 29th June: Earlier this week, UFI – The Global Association of the Exhibition Industry announced its decision to cancel the 2020 UFI Asia-Pacific Conference and the Digital Innovation Forum which were both originally scheduled to be held in Macau in early March and were subsequently rescheduled in late August. The decision was entirely driven by the ongoing COVID-19 outbreak and the travel restrictions affecting most Asian markets.

At the same time, UFI also announced that the UFI Asia-Pacific Conference will return to Macau in 2022, but before that in 2021, the UFI Asia-Pacific Conference will be held in Melbourne – marking the first time in the event’s history that it will be held in Australia.

HKTDC organises Summer Virtual Expo

Hong Kong, 28th June: As international exhibitions are still unable to proceed in most markets around the world, organisers are increasingly turning to online sourcing events as an alternative. Hong Kong, which heavily relies on international exhibitors and visitors at its B2B exhibitions, has been particularly hard hit as many organisers move to quickly shift events to online platforms.

The Hong Kong Trade Development Council (HKTDC), a major exhibition organiser in Hong Kong, will organise a Sourcing Summer Virtual Expo running from 29th June to 24th July. Key products at the Summer Virtual Expo include consumer electronics, gifts, kitchenware, medical supplies, outdoor sporting equipment, clothing and related accessories. The HKTDC maintains that it will potentially connect more than 500,000 buyers with 22,000 suppliers.

Hong Kong and Thailand move towards business travel

Hong Kong/Thailand, 30th June: Thailand plans to reopen to business travellers from five key markets: Mainland China, Hong Kong, Japan, South Korea and Singapore. The numbers, at least at the start, are expected to be strictly limited.

Officials from both Hong Kong and Thailand have reportedly started negotiations aimed at creating a so-called “travel bubble” between the two destinations. Media reports suggest that a bilateral agreement between Thailand and Hong Kong is expected to be signed in July – and that is will perhaps cover tourism as well as business travel.

Plans to build a new MICE complex in Seoul

Seoul, 25th June: Authorities in Seoul have approved the plans for a new exhibition and convention centre. The developers of the Jamsil MICE Complex maintain that it will enable Seoul to better compete with Hong Kong and Singapore for international business events.

The complex, to be built on the grounds of the Jamsil Sports Complex, is expected to begin construction in 2022 and be completed in 2025. It will cover an area of nearly 335,000 m2 featuring a convention venue, a 900-room hotel and sports facilities. The complex will feature a total area of 120,000 m2 dedicated to exhibitions and conferences.

Quick takes

CEO retires from Messe Düsseldorf after 37 years

Werner M. Dornscheidt joined Messe Düsseldorf 37 years ago. He has been President and Chief Executive Officer for nearly 17 years.

EU eases travel restrictions

As of 1st July the European Union has loosened travel restrictions with dozens of countries around the world.

Messe Nürnberg restarts in China

After more than six months Messe Nürnberg is back to business in China with BIOFACH CHINA, NATURAL EXPO CHINA and CRAFT BEER EXHIBITION & CONGRESS – all B2B exhibitions.