Quick takes

China postpones Asian Games to September 2023

In another bad sign for physical events in China, Beijing has announced that the country will host the 2022 Asian Games in 2023 because of the COVID pandemic. The Olympic Council of Asia (OCA) stated that the Asian Games will be held in Hangzhou from 23rd September to 8th October next year.

IEG plans to grow revenues 5X by 2027

CEO of IEG (and former UFI president), Corrado Peraboni, plans to grow revenues at the Italian Exhibition Group (IEG) from €13 million in 2022 to €69 million in 2027 and Asian markets will play a role in that plan.

Singapore expects up to six million visitors in 2022

On the back of the reopening of the Lion City in April this year, the Singapore Tourism Board (STB) has forecasted international visitor arrivals of between four and six million depend on how the second half of 2022 unfolds. STB maintains that tourism will recover to pre-Covid levels by 2025.

Hyve sells Ukrainian business to management

Hyve announced the sale of Premier Expo, its Ukrainian subsidiary, to its managing director, Anatoly Sushon. Hyve will receive up to £3 million via an earnout deal paid annually until September 2027.