Weekly Newsletter
Bangkok, 8th August: Earlier this week, Business Online (BOL), a leading online information service provider in Thailand, reported its financial results for the quarter ended 30th June 2017. Revenues in the period were US$3.2 million, representing year-on-year growth of 5.2%. The company’s net income increased 13% in the quarter – amounting to US$820,000.
Read MoreHong Kong, 8th August: Hong Kong-listed Sino Splendid (formerly China.com) has released its results for the six-month period ended 30th June 2017. Revenues in the first half were US$5.5 million, a year-on-year decrease of 10%. The company attributed the decline to a fall in revenues from its Travel Media Business. The company posted a large loss of US$22 million, compared with a profit of US$3.3 million in the same period of 2016.
Read MoreBeijing, 3rd August: Last week, CCID Consulting, an IT research and information service provider in China, posted revenue growth of 15% in the first half of 2017, amounting to US$9.8 million. Profit in the six-month period was US$1.3 million, representing a jump of 72% compared the same period in 2016. Earnings per share were RMB 0.0076 (US$0.0011).
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Read MoreU.S./Singapore, 31st July: This week, the U.S.-based Professional Convention Management Association (PCMA) announced the acquisition of the Incentive, Conference & Event Society Asia Pacific (ICESAP). No financial details of the deal were released.
Read MoreIndia, 27th July: Messe Düsseldorf India concluded the 2017 edition of Medical Fair India in April and just recently published key statistics from the event. The exhibition ran from 6th to 8th April at the Pragati Exhibition Center in New Delhi. The three-day event featured 519 exhibitors.
Read MoreHong Kong, 27th July: The Hong Kong Trade Development Council (HKTDC) will open four lifestyle-themed fairs later this month at the Hong Kong Convention and Exhibition Centre (HKCEC) featuring more than 1,900 exhibitors.
Read MoreSingapore, 1st August: Tapping into the growing demand for snow and ski holidays, Singapore will launch its first snow- and ski-focused trade fair running from 4th to 6th August at Snow City.
Read MoreBeijing, 27th July: Last week, Baidu, the leading Chinese language Internet search provider, announced its financial results for the quarter ended 30th June 2017. Total revenues in the quarter were US$3.1 billion – representing a 14% increase over the same period in 2016. Net income in the second quarter of 2017 jumped 83% year-on-year amounting to US$651 million. Diluted earnings per share in the period were RMB 11.31 (US$1.67).
Read MoreShare price movement.
Read MoreLondon, 22nd July: Global private equity firm, Blackstone announced that the company will buy U.K.-based Clarion Events from Providence Equity Partners. The transaction value will be approximately £600 million (US$785 million).
Read MoreParis, 27th July: This week, UFI, the Global Association of the Exhibition Industry, released its latest biannual, Global Barometer Survey, reflecting the state of global trade show industry. The survey revealed that the majority of survey participants expect growth in terms of both revenues and profits in 2017.
Read MoreShanghai, 25th July: The 20th edition of Pet Fair Asia will open next month running from 24th to 27th August at the Shanghai New International Expo Centre (SNIEC). The event is positioned as one of the largest in the region and covers the dog, cat, rodent, reptile and aquatic segments.
Read MoreLondon, 28th July: Today, UBM plc released its interim results for the first half of 2017. Revenues from continuing operations were up 18% to £448.4 million (US$591 million). Adjusted operating profits grew by 20% to £111.7 million (US$147 million).
Read MoreLondon, 26th July: U.K.-based exhibition organiser, the Tarsus Group has announced its interim results for the first half of 2017. Group revenues in the first half were £39.8 million (US$52 million) which on a like-for-like basis represents an increase of 4% (excluding acquisition and biennial events). The company also reported visitor growth of more than 8% across its portfolio.
Read MoreLondon, 27th July: Earlier this week, London-listed RELX Group (formerly Reed Elsevier) reported its results for the six months ended 30th June 2017. The group’s total revenues were £3.7 billion (US$4.9 billion). Adjusted operating profit in the period was £1.2 billion (US$1.5 billion), an increase of 5%.
Read MoreHong Kong, 21st July: The inaugural Hong Kong Sports and Leisure Expo, organised by the Hong Kong Trade Development Council (HKTDC) was held from 21st to 25th July 2017 at the Hong Kong Convention and Exhibition Centre (HKCEC). The new show was held concurrently with the 28th Hong Kong Book Fair which was also held at the HKCEC from 19th to 25th July.
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Read MoreParis/Hong Kong, 20th July: This week, UFI – The Global Association of the Exhibition Industry, released the 13th edition of its annual report, Trade Fair Industry in Asia. For the first time, net space sold at Asian trade fairs surpassed 20 million net sqm.
Our research shows that 20.8 million sqm of space was sold by exhibition organisers to their clients in Asia in 2016 – up from 19.7 million sqm the year before. Overall, that represents a year-on-year increase of 5.5%. Of that total, 58% was sold in China – or in terms of net space sold, 12.0 million sqm. That is close to six times the space sold in Asia’s second largest trade fair market, Japan (2.1 million sqm).
The Philippines was the fastest growing trade fair market in Asia in 2016 as space sold jumped by 9.6%. Other Southeast Asian markets that outperformed the regional average included Vietnam (7.3%) and Indonesia (5.8%). China, Asia’s largest trade fair market, was the second fastest growing market last year posting growth of 7.7% in 2016.
By the end of 2017, venue capacity in Asia will be more than 8.1 million sqm and the number of venues operating in Asia will reach 218 – more than double the 100 venues that were in operation in 2004 when the first edition of this report was published. In 2018, that figure will rise significantly again after the opening of another mega venue in China eventually adding 500,000 sqm of gross indoor capacity to the regional total.
This report provides detailed information on the development of trade fairs and supporting facilities in 17 markets: Mainland China, Hong Kong, Macau, Australia, India, Indonesia, Japan, South Korea, Malaysia, Pakistan, Philippines, Singapore, Taiwan, Thailand, Cambodia, Myanmar and Vietnam. The report also includes analysis on actual market performance in 2016 as well as forecasts and commentary on key trends in each market.
The research was once again undertaken for UFI by Business Strategies Group in Hong Kong.
For more information on this study, please contact the UFI office in Asia at: asia@ufi.org.
Hannover/Foshan, 18th July: Hannover Milano Fairs Shanghai Limited, the Chinese subsidiary of Deutsche Messe, has signed a three-year cooperation agreement with the Shunde District People’s Government, to become an official co-organiser of Internet plus Expo, a “digital economy” trade show in southern China.
Read MoreBusiness Strategies Group is the only market intelligence & strategy consulting firm in Asia with a special focus on business media, information and events. Our services include research, market intelligence, mergers and acquisition support and strategy development.
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