Show Industry Reports Growth in Q1 2015

Posted by Bill Barrett in Tips, Trends

New reports show that the Trade Show Industry saw growth in the first quarter of 2015 despite much of the United States being blanketed in snow this winter. According to Rachel Wimberly’s article for Trade Show News Network, Trade Show Industry Grows Impressive 4.6 Percent in Q1 2015, “The Center for Exhibition Industry Research’s quarterly CEIR Index Report tracking growth to be 4.6 percent in Q1 2015, compared with the same time period in 2014.” The industry hasn’t seen this much grown since 2007.

Growth Metrics

• 19^th consecutive quarter of yearly growth
• Q1 2015 outperformed the macro economy as GDP gained 2.7 percent year-on-year growth
• The number of exhibitors increased by 3.3 percent
• Professional attendance grew by 3.7% despite the harsh winter conditions

Notable trade shows in Q1 2015

• International Consumer Electronic Show (CES) in Las Vegas, Nevada | 176,000+ attendees
• International Plastics Showcase in Orlando, Florida | 2,000+ exhibitors
• World of Asphalt & AGG1 2015 in Baltimore, Maryland | Broke attendance, net square footage, and exhibitors records

CEIR President and CEO, Brian Casey, explained that the first quarter numbers look promising, “We are very encouraged to see that the exhibition industry is continuing its upward climb. While industry growth has been moderate, the strong performance of Q1 is certainly offering positive indicators for the near future.

Read the full article.