Meeting targets: Strong downstream business activity has supported demand for event space

Industry operators let and operate purpose-built conference and exhibition venues. Operators generate revenue through fees charged to clients for hosting events at self-owned or leased venues or registration fees charged to attendees. These fees are then used to pay for ancillary services, such as catering, which are provided to clients on request. The early stages of the period were characterised by economic recovery in the aftermath of the financial crisis and its lingering effects on expenditure. As the economy returned to growth, buoyant levels of downstream business activity alleviate pressure on both corporate and government spending budgets, leading to unprecedented growth in event space booking enquires. This supported revenue growth of 64.3% in 2014-15...read more.

Industry Statistics & Market Size
Revenue
£851.2m
Annual Growth 14-19
17.9%
Forecast Growth 19-24
Profit
Employment
7,569
Businesses
307

Industry Threats & Opportunities

  • Many industry events run on a biennial cycle, contributing to inherent revenue volatility
  • Operators have invested significant sums into their facilities in recent years
  • Larger firms are expected to continue to dominate the industry and make significant investments
  • Industry Report - Industry Locations Chapter

    The distribution of firms in the Conference Centres Letting and Operating industry closely corresponds with the distribution of the UK population. Central urban locations tend to provide the greatest convenience for domestic and international conference and exhibition attendees as these areas are usually in close proximity to accommodation, transport facilities, and local amnesties. As a result, a significant proportion of UK conference centres and exhibition venues are located in densely populated, urban regions.LondonLondon accommodates an estimated 19.7% of industry establishments. The capital accounts for a significant proportion of the UK population (13.4%) and has a high level of business activity, contributing the most towards UK GDP (22.9%) ...purchase to read more.

    Additional Insights for the Conference Centres Letting & Operating Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Conference Centres Letting & Operating Industry are

  • Having links with suppliers
  • Optimum capacity utilitisation
  • Proximity to transport
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Index of services in the Conference Centres Letting & Operating industry impact industry performance..

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    What's in this report

    What is the Conference Centres Letting & Operating Industry?

    Operators in this industry rent out and operate purpose-built conference and exhibition centres, either independently or on behalf of a private- or public-sector entity. This industry excludes the organisation, promotion and management of events, conferences and meetings that take place in let or operated venues. It also excludes the ownership and operation of conference rooms in hotels. Operators generate revenue through venue hire, service provisions and registration fees.

    Industry Products
  • Venue hire
  • Ancillary services
  • Industry Activities
  • Conference centre letting and operating
  • Exhibition centre letting and operating
  • Provision of ancillary services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Index of services
  • Number of businesses
  • Number of UK company insolvencies
  • Real effective exchange rate

  • Current Performance
  • Business activity
  • Capital investment
  • Supply chain
  • Chart: Revenue Growth

  • Industry Outlook
  • Short-term conditions
  • Sustained investment
  • Capacity utilisation
  • Table: Conference Centres Letting & Operating Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Conference Centres Letting & Operating Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Business Associations
  • Professional Membership Organisations
  • Consumers
  • Occupational Health & Safety Services

  • Key Selling Industries
  • Catering Services
  • Corporate Travel Services
  • Food-Service Contractors
  • Hotels

  • Products & Services
  • Venue hire
  • Ancillary services
  • Chart: Conference Centres Letting & Operating Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Corporations
  • Trade associations
  • Public sector
  • Chart: Major Market Segmentation for the Conference Centres Letting & Operating Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitSupport servicesWagesPurchasesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Conference Centres Letting & Operating

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Conference Centres Letting & Operating Industry

  • Industry Globalization
    London International Exhibition Centre plc, The National Exhibition Centre Ltd,
  • Table: London International Exhibition Centre plc - financial performance
  • Table: The National Exhibition Centre Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Conference Centres Letting & Operating Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Conference Centres Letting & Operating Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Capacity Utilisation
  • The extent to which conference centres are being used (i.e. occupancy levels)
  • Conference
  • A formal meeting of people with a shared interest which can be for corporate, government or private purposes.
  • Delegate
  • A person sent or authorised to represent others, in particular an elected representative sent to a conference.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Conference Centres Letting & Operating market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Conference Centres Letting & Operating:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Conference Centres Letting & Operating market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Conference Centres Letting & Operating, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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