Asia’s exhibition industry forecast to slowJuly 1st, 2008 - 12:37 pm ICT by IANS
Singapore, July 1 (DPA) Asia is likely to host more trade fairs, but the growth of the region’s exhibition industry is expected to slow amid fierce regional competition, a newspaper report said Tuesday. Exhibition space in the region expanded 86 percent between 2000 and 2005 and is forecast to increase 20 percent by 2010.
India grew the fastest, expanding 50 percent.
A study by market intelligence firm Business Strategies Group put the revenue from trade fairs last year in Asia at $3.25 billion, up from $2.57 billion in 2006.
China remained the front-runner in terms of space sold last year, up 21 percent over 2006, according to data in The Business Times.
Both China and India have obstacles to overcome.
China faces a “dearth of experienced venue managers,” Mike Kelly, executive general manager of the China National Convention Centre, was quoted as saying.
There is also a need to engage the public sector. “Regional competition is fierce and very real,” Kelly noted.
India is plagued by a competitive market place and soft infrastructure.
China has 84 exhibition centres. India and Japan each have three.
Tags: business strategies, business times, competitive market, dearth, dpa, exhibition centres, exhibition industry, exhibition space, infrastructure, july 1, market intelligence firm, mike kelly, newspaper report, obstacles, public sector, regional competition, singapore, strategies group, trade fairs, venue managers