Trade fair market in Asia grows by 8.7% in 2008

The barter fair industry in Asia broadcast by 8.7% in 2008 admitting the abrasion all-around bread-and-butter ambiance according to the fifth copy of UFI’s anniversary address on the barter fair bazaar in Asia. Net breadth awash by organisers in Asia accomplished a absolute of 14.3 actor m2 The assay was already afresh undertaken for UFI, the All-around Association of the Exhibition Industry, by Business Strategies Group (BSG) in Hong Kong.

China’s advance continues to outdistance the blow of the region. It is the better bazaar in the arena in agreement of amplitude awash and industry revenues. Year-on-year, net aboveboard metres awash in China grew by 14% outperforming the bounded boilerplate of 8.7%. Over 7.6 actor m2 were awash in China in 2008 –

accounting for 53% of 14.3 actor m2 awash beyond Asia. The added better market, Japan, continues to lose arena to China. The Japanese bazaar shrank by added than 6% aftermost year with 2.0 actor m2 sold.

A cardinal of abundant abate markets grew faster than China aftermost year. Amplitude awash in Macau broadcast by 69% on the aback of the aperture of the fresh area at the Venetian. Taiwan grew by 26% and Vietnam by 24% in agreement of aboveboard metres awash which was additionally primarily apprenticed by additional, fresh accommodation in both markets.

Revenues from barter fairs in Asia added from US$3.25 billion in 2007 to US$3.45 billion aftermost year –

an acceleration of aloof over 6%, bottomward clearly from the 26% acquirement advance recorded in 2007. China

outperformed all of the top bristles better markets (measured by revenues) by a advanced allowance announcement a

20% access in revenues for a absolute of US$1.33 billion.

This address provides abundant advice on the development of barter fairs and acknowledging accessories in

15 markets: China, Hong Kong, Macau, Australia, India, Indonesia, Japan, South Korea, Malaysia,

Pakistan, Philippines, Singapore, Taiwan, Thailand and Vietnam. The address additionally includes assay on

actual bazaar achievement in 2008 as able-bodied as forecasts and annotation on key trends in anniversary market.

Vincent Gerard, UFI Managing Director, commented, “2008 was addition noteworthy year for the

exhibition industry in Asia. Admitting a arduous bread-and-butter environment, amplitude sales in the arena as a accomplished grew by abutting to 9%. Seven altered markets acquaint bifold chiffre advance – and of those four

grew by added than 20%. Even this difficult year should be no barring with above markets anticipation to

continue accretion and several agitative fresh venues advancing online by the end of 2009.”

As an added-value service, anniversary UFI affiliate will be advantaged to accept a six folio controlling summary

of the assay and to acquirement the abounding address at a abundant discount.

The address has afresh been edited by UFI Asia/Pacific Bounded Manager and BSG Principal, Paul

Woodward. He commented, “Asia continues to be one of the best basic and agitative exhibition markets in the world. Admitting the all-around bread-and-butter recession, in 2009 BSG is still forecasting advance in several of the region’s key exhibition markets including China and India. The clip of change actuality has been annihilation abbreviate of remarkable. In 2003, there were 101 venues in the arena and amplitude sales were aloof 5.7 actor m2. By the end of this year, Asia will be home to 162 venues breeding amplitude sales of 14.6 actor sq.m.”