Dallas, 23rd May: The Center for Exhibition Industry Research (CEIR) has released its latest index tracking the U.S. B2B exhibition industry in the first quarter of 2022, showing that the industry improved significantly compared with the previous eight quarters.

Cancellation rates for physical events dropped to 9.2% in the first quarter of 2022, compared with the rate of 91.3% in the first quarter of 2021, 66.2% in the second quarter, 20.6% in the third quarter and 12.5% in the fourth quarter. In the second half of 2020, an incredible 98% of exhibitions were cancelled.