At the beginning of 2009, UFI, the Global Association of the exhibition Industry, decided to assess the impact of the economic downturn by developing a “Crisis Barometer” based on the perceptions of UFI members in 82 countries. For the USA, an identical survey was conducted by SISO (Society of Independent Show Organizers) and for Central & South America by AFIDA (Asociacion International de Ferias de America) of their respective members. Results of these surveys were published in February, May and August 2009. This tool now goes forward as the…
At the beginning of 2009, UFI, the Global Association of the exhibition Industry, decided to assess the impact of the economic downturn by developing a “Crisis Barometer” based on the perceptions of UFI members in 82 countries. For the USA, an identical survey was conducted by SISO (Society of Independent Show Organizers) and for Central & South America by AFIDA (Asociacion International de Ferias de America) of their respective members. Results of these surveys were published in February, May and August 2009. This tool now goes forward as the “Global Exhibition Barometer”, with 2 surveys planned per year.
The current Global Barometer survey, conducted in December 2009, provides new insights into the impact of the economic crisis on the exhibition industry and, for the first time since this survey was launched, identifies significant differences across the various regions of the world.
A “bottom-out” of the turnover decrease is anticipated in 2010, by a majority of respondents from all regions, except Europe. When looking more specifically at the combined results for the second half of 2009 and forecasts for 2010, 60% of European respondents declared decreases for all periods as compared to 32% in Asia/Pacific; 25% in the Middle East/Africa and only 8% in the Americas.
In 2009, in terms of operating profit, the Americas and Europe were more affected than the other regions, with 54% and 51% respectively of respondents experiencing a decrease of more than 10% of their 2008 operating profit, or even a loss. The same was felt by only 29% of respondents in Asia/Pacific and 11% in Middle East/Africa. For 2010, however, 41% of respondents in the Americas expect an increase of 10% or more, and the remainder anticipate a stable situation. Respondents from other regions have comparable expectations, except in Europe where only 19% of respondents expect an increase of 10% or more in 2010.
Finally, a majority of respondents from the Americas and from Asia/Pacific believe that the global
exhibition industry’s economic recovery will occur in the second half of 2010. However, once again
differences can be noted across the regions. A majority of respondents from Europe and Middle
East/Africa believe this will not take place before 2011.
UFI’s Managing Director, Vincent Gerard observed that, “It now appears that although all regions have been affected by the crisis, the impact is being felt with significant difference between regions, and sometimes also within regions. It’s interesting to see that while the Americas and Europe appeared to be hardest hit by this economic crisis, the Americas seem first to recover.”
Tatiana is the news co-ordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. She holds a Bachelor degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
