Sign in or Register | Newsletter
 
 
Register today to receive each issue absolutely FREE!




Martin Clarke, NEC marketing director talks appreciation,...

From a chance seaside find, Neptunus MD April Trasler, tells EN how...

Richard Mann, market development director at the NEC asks who owns...

Exhibition News March 2015
March 2015

UK events industry increases value to £24.6bn
posted on: 18/3/2010 14:57:22
Michael Hirst EN

New figures revealed to EN by the Business Visits and Events Partnership (BVEP) show an increased value of £24.6bn for the wider UK tourism (business and leisure) and events industry.

BVEP chairman Michael Hirst says the new figure, more than £2bn up on previous estimates, was collated from the various industry sub-sectors, and is possibly “an estimate on the low side”.

Trade fairs and exhibitions contribute £9.3bn of the total new value. The new data estimates UK conferences and meetings to be worth £7.2bn, the incentives market £1.2bn and corporate hospitality £1.1bn. Figures given for outdoor events and festivals, respectively, are £1bn and £1.1bn.

Hirst describes the £2.3bn value put on sports events as “massive” and says 25,000 businesses are now active in the UK events industry, with 513,000 employed in it on a full-time basis.

The BVEP is to publish a major briefing document in time for a parliamentary reception for MPs it is organising at the House of Commons on 20 October.

“The event will be part of the continuing elevated campaign by the events sector to raise profile,” says Hirst, who expects up to 150 MPs to attend. “They will all receive a prospectus post-general election outlining the strength of the sector and value to the economy.”

The BVEP chairman says there is support for the initiative from shadow tourism minister Tobias Elwood and Labour’s Margaret Hodge.


Print:
Email:
Share article:

COMMENTS
Would you like to Leave a Comment?

LATEST NEWS
Sharp visitor rise for RBTE 2015
posted on: 30/3/2015 15:34:40
Legend Exhibitions has reported a sharp rise in visitors at this year’s Retail Business Technology Expo (RBTE), held at Olympia London alongside the inaugural Retail Design Expo.

Paul Stoddart joins Capita Travel and Events
posted on: 30/3/2015 14:54:59
Multi-specialist travel, accommodation and events firm Capita Travel and Events has appointed Paul Stoddart to the new board position of director of meetings and events.

Barbican to host Event Photography Awards 2015
posted on: 30/3/2015 14:38:28
The Event Photography Awards 2015 is gearing up for its second year, celebrating clever capturing of experiences and moments at all types of events.

Organiser Clarion Events has announced the acquisition of Internet Retail Events Ltd from SJP Business Media.

The Department for Culture Media and Sport (DCMS) has proposed forming a Business Visits & Events board, comprising industry representation with government departments and agencies.