CONFERENCING AND EVENTS - UK - JULY 2019

CONFERENCING AND EVENTS - UK - JULY 2019

Jul 2019 Mintel Industry ProfileN/A Price :
$ 995

For the purposes of this report, Mintel has used the following definitions:

  • Conferences and meetings: formal meetings in which people gather to talk about particular topics.
  • Exhibitions and trade fairs: exhibitions are public displays of objects, art, fashion, ideas etc., while trade fairs are organised so that companies in a specific industry can showcase their latest goods and encourage trade.
  • Sporting events: any audience-attended sports games and matches, from single events such as football matches to extended tournaments such as Wimbledon and the Olympics.
  • Music events: live music displays that come in several formats, from gigs and concerts to multi-day festivals.
  • Incentive travel and performance improvement: businessrelated travel intended to acknowledge achievements, provide motivation, and help drive productivity and overall success.
  • Corporate hospitality: the entertaining of clients by companies to promote business, especially at sporting or other public events.
  • Outdoor events: outside gatherings, ranging from flower shows, agricultural shows and charity events, to small village fairs and craft events.
  • Festivals and cultural events: often large-scale activities surrounding special events, such as Christmas, bonfire night or Edinburgh Fringe, or cultural events such as Diwali, Chinese New Year and Notting Hill carnival.

“In 2018, growth in the conferencing and events market remained subdued due to pressure from Brexit-related uncertainty. This is expected to hold the market back until the UK’s future relationship with the EU becomes clear. Nonetheless, the sector’s underlying potential, strategic importance and market diversity indicates a positive future if Brexit is resolved.”

Table of contents
OVERVIEW
What you need to know
Covered in this Report
EXECUTIVE SUMMARY
The market
Market growth is being held back by economic uncertainty
Figure 1: UK conferencing and events market value and forecast, £ billion, 2014-23
Market segmentation
Figure 2: UK conferencing and events market segmentation, £ billion, 2018
Companies and brands
Growth strategies look to synergise acquisitions with new digital infrastructure
What we think
ISSUES AND INSIGHTS
Brexit is having an uneven effect on the sector
The facts
The implications
Digital technology is now instrumental to growth
The facts
The implications
THE MARKET – WHAT YOU NEED TO KNOW
Market growth is held back by economic uncertainty
Immediate future is uncertain, but the market retains potential
Adopting new technologies will be instrumental to future growth
MARKET SIZE
Market value is upheld by growing demand for leisure activities
Figure 3: UK conferencing and events market value, £ billion, 2014-18
Brexit and US-China trade tensions threaten GDP growth
Figure 4: Gross domestic product: % year-on-year growth: chain value measured, seasonally adjusted, 2012-18
MARKET SEGMENTATION
Business segment continues to lose market share
Figure 5: Conferencing and events market segmentation, £ billion, 2018
Conferencing and meetings growth returns but is muted in 2018
Figure 6: Conferences and meetings market value, £ billion, 2014-18
Exhibitions and trade fairs growth slows but remains positive
Figure 7: Exhibitions and trade fairs market value, £ billion, 2014-18
Demand for sporting events remains strong
Figure 8: Sports events market value, £ billion, 2014-18
Music events continue to grow
Figure 9: Music events market value, £ billion, 2014-18
Incentive travel and performance
Figure 10: Incentive travel and performance market value, £ billion, 2014-18
Corporate hospitality and corporate events
Figure 11: Corporate hospitality and corporate events market value, £ billion, 2014-18
Outdoor events
Figure 12: Outdoor events market value, £ billion, 2014-18
Festivals and cultural events
Figure 13: Festival and cultural events market value, £ billion, 2014-18
MARKET FORECAST
Growth continues to be subdued by uncertainty
Figure 14: UK conferencing and events market forecast, £ billion, 2019-23
Figure 15: Conferencing and events market segmentation forecast, £ billion, 2019-23
Conferences and meetings decline to continue until Brexit resolution
Exhibitions and trade fairs dependent on economic outlook
Sports and music events continue to be strong contributors to growth
MARKET TRENDS
Brexit shifts focus abroad
Perspectives on virtual and augmented reality diverge
MARKET DRIVERS
Brexit-fuelled uncertainty continues to hold back growth
Figure 16: UK Business Confidence Index, 2013 Q3 - 2019 Q2
Figure 17: UK business investment, £ million, 2015 Q1 – 2019 Q1
Figure 18: The Financial Confidence Index, Jan 2015-Mar 2019
Figure 19: Total spend by UK overseas business visitors, £ billion, 2012-18
Figure 20: Annual number of UK overseas business visitors (000s), 2012-18
Meeting the need to provide value by adopting technological solutions
Augmented reality
Live conferencing
Integrating existing digital services
Utilising digital platforms
COMPANIES AND BRANDS – WHAT YOU NEED TO KNOW
Portfolio-driven growth
Industry structure remains stable
Previous investments come to fruition
INDUSTRY STRUCTURE
Changes in the structure of the industry
Figure 21: Analysis of changes in the structure of the conferencing and events industry, number of outlets and businesses, 2013-18
Structure by employment
Figure 22: Analysis of the employment structure of the conferencing and events industry, 2017 and 2018
Structure by turnover
Figure 23: Analysis of the financial structure of the conferencing and events industry (£’000), and number of businesses by turnover, 2017 and 2018
COMPANY PROFILES
DMG Events (UK)
Recent company activity
Financial information
Figure 24: Financial analysis of DMG Events (UK), £’000, 2013-17
ITE Group Plc
Recent company activity
Financial information
Figure 25: Financial analysis of ITE Group Plc, £’m, 2014-18
Reed Exhibitions Ltd
Recent company activity
Financial information
Figure 26: Financial analysis of Reed Exhibitions Ltd, £’000, 2013-17
Smyle Creative Ltd
Recent company activity
Financial information
Figure 27: Financial analysis of Smyle Creative Ltd, £’000, 2015-18
Scottish Campus Events Ltd
Recent company activity
Financial information
Figure 28: Financial analysis of Scottish Event Campus Ltd, £’000, 2013-18
APPENDIX – DATA SOURCES, ABBREVIATIONS AND SUPPORTING INFORMATION
Abbreviations
Methodology
FURTHER SOURCES AND CONTACTS
Trade associations
Trade magazines

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