Exhibiting volatility: Cost pressures and tight spending budgets have curbed demand

Operators in the Conference Centres Letting and Operating industry rent out and operate purpose-built conference and exhibition centres, either independently or on behalf of a private- or public-sector entity, generating revenue through venue hire, service provisions and registration fees. Industry demand is driven by downstream business activity, which is contingent on the willingness of entities, such as trade associations, government organisations and private-sector corporations, to hold events and spend on ancillary services. Demand is significantly affected by business confidence, which takes into account the current financial position of downstream businesses and operating conditions in the wider economy...read more.

Industry Statistics & Market Size
Revenue
£627.3m
Annual Growth 15-20
0.2%
Forecast Growth 20-25
Profit
Employment
8,025
Businesses
301

Industry Threats & Opportunities

  • International clients may be tempted to hold UK events by the low value of the pound
  • The level of capital investment among industry operators has remained strong over the period
  • Uncertainty will encourage downstream corporate and public-sector clients to limit spending
  • Industry Report - Industry SWOT Analysis Chapter

    The Conference Centres Letting and Operating industry is in the mature stage of its life cycle. Over the 10 years through 2024-25, industry value added (IVA), which measures the industry's contribution to GDP, is expected to increase at a compound annual rate of 2.8%. Meanwhile, the economy is expected to grow at a compound annual rate of 1.5% over the corresponding period. While this indicates that the industry will outperform and account for an growing share of the overall UK economy, the rationalisation of industry services and the slowdown in growth of major players suggests the industry is mature.Indicative of an industry in the mature stage of its life cycle, IVA growth can only be achieved by an overall increase in demand for conference and exhibition event space. The...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 utilisation
  • 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
    WagesPurchasesProfitDepreciationOtherSupport services
  • Chart: Cost Structure Benchmarking – Sector vs Conference Centres Letting & Operating

  • Basis of Competition
  • Internal competition
  • External 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 (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • 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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