Messe Frankfurt returns to growth in 2022

­Frankfurt, 19th December: Last month, Messe Frankfurt, an international exhibition organiser, released its preliminary figures for the financial year 2022.

After many pandemic restrictions were eased in April 2022, Messe Frankfurt returned to growth again. In 2022, the company hosted some 310 events which attracted about 52,000 exhibitors and 3.3 million visitors. Its revenues are expected to be €450 million (US$472 million) in the year, compared with just €154 million (US$162 million) in the 2021 financial year.

Quick takes

Optimism soars in Hong Kong

Mix Meetings summarises some of the key events set to be hosted in Hong Kong beginning in March including the Clockenflap music festival and the Rugby Sevens. Of course, March and April are also high season months for trade shows in Hong Kong.

Macau’s casinos promise to invest in other activities

Also on the plus side, Macau’s gaming companies have promised to invest US$15 billion over the next ten years to boost non-gaming activities including a range of business events.

China’s opening may be bumpy

Over TTG Asia, Karen Yue highlights just a few of the challenges ahead as China throws open its borders and potentially millions of people try to travel into and out of the country.

Share price movement in B2B media companies involved in Asia

Figure 1: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement over past 12 months)

UFI’s Asia conference returns to Malaysia in 2023

Paris/Hong Kong, 15th December: UFI, the Global Association of the Exhibition Industry, is bringing back its Asian conference. The association will hold its 16th UFI Asia-Pacific Conference in Kuala Lumpur, Malaysia on 2nd and 3rd March 2023.

The event is open to all exhibition industry professionals. This is the first time since March 2019 that the UFI Asia Pacific Conference is back in-person, face-to-face. UFI’s annual gathering has been on hold for three years due to the global pandemic and the travel restrictions that came with it.

Pico Thailand posts profit in FY2022

­Bangkok, 13th December: Earlier this week, Pico Thailand, the Thai-listed subsidiary of Pico Far East Holdings, announced its full-year financial results for the year ended 31st October 2022. The company posted a net profit of US$538,000 this year, compared with a loss of US$864,000 last year. Earnings per share of the financial year were Baht 0.092 (US$0.0024).

Pico Thailand recorded total revenues of US$29 million, up 74% compared with the year before. The company attributed the increase in revenues in part to the Thai government’s easing of COVID restrictions and the economic recovery that followed that policy decision.

KLCC posts strong results in 2022

Kuala Lumpur, 15th December: The Kuala Lumpur Convention Centre (KLCC) announced strong results in 2022 surpassing its targets by more than 40%. The venue host over 1,300 events and welcoming more than 750,000 delegates. These activities contributed RM 285 million (US$64 million) in economic impact.

According to KLCC, of the events hosted at the venue in 2022, 50% were corporate meetings and banqueting events (corporate sales segment), followed by conventions and exhibitions which accounted for 24% of the total.  Of the events hosted during the year, 30 were classified as regional or international and about 100 of the events will return again in 2023. Since the venue’s opening in 2005, it has hosted over 18,300 events with close to 27 million participants. These events generated over RM 10.6 billion (US$2.4 billion) in economic impact.

Quick takes

Hong Kong drops more of its COVID restrictions

This week the Hong Kong government decided it will no longer limit the movement of overseas arrivals or use its tracking app to restrict entry to public places. Hong Kong’s Chief Executive, John Lee Ka-chiu said that “the decisions were based on data and risks.” That and the fact that Mainland China also began easing its restrictions.

Big events announce return to Hong Kong

Mix Meetings summarises the positive news for business events in Hong Kong. Large-scale exhibitions such as Informa Markets’ series of Jewellery & Gem shows and RISE, a major tech conference, among others, are due to return to Hong Kong in 2023.

UFI webinar to discuss COVID changes in China

This week authorities in China took significant steps to reduce and remove COVID restrictions. UFI has organised a panel next week to discuss the outlook for exhibitions in China in 2023. Panellists include: Athena Gong from Informa Markets Asia, Diane Chen from Shenyang New World Expo, Monica Lee Müller from HKCEC and Michael Kruppe from SNIEC. You can register through the link below.

Large Chinese auto expo to go ahead

The Guangzhou International Automobile Exhibition is one of the largest car trade shows in China. The organiser of the event, which is also known as Auto Guangzhou, will be held from 30th December to 8th January. This is a good sign for exhibitions in China as well as the overall Chinese economy.

Share price movement in B2B media companies involved in Asia

Figure 1: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement over past 12 months)

Figure 2: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement since January 2022)

UFI’s annual five trends to watch

Worldwide, 7th December: This week, Kai Hattendorf, Managing Director/CEO of UFI, the Global Association of the Exhibition Industry, published his annual take on the key trends that the exhibition industry should watch in the coming 12 to 18 months. This edition, unsurprisingly, is a COVID-influenced list.

UFI’s five key trends are as follows:

1.      Doubling down on customer focus

2.      The climate crisis will hit

3.      More data, less hype

4.      Staffing stays key

5.      Accelerating change

CNCCII to be converted into conference centre

Beijing, 22nd November: The China National Convention Center, Phase 2 (CNCCII) is currently being converted into an international convention centre. In its previous life, CNCCII served as the Main Media Center for the Beijing 2022 Winter Olympics and Paralympics.

CNCCII will have a gross floor are of 420,000 m2 including purpose-built meeting and event space of 270,000 m2. The event space feature 30,000 m2 of exhibition halls; a 7,300 m2 pillar-free plenary hall; a 5,000 m2 grand ballroom, a 3,000 m2 summit hall, and a 2,600 m2 ballroom, supported by 14,000 m2 of pre-function space.

CNCCII will deploy a digital scene platform and an intelligent event application platform based on 5G, cloud computing, the IOT features and other technological innovations.

BESydney wins 250+ event bids in 2022

Sydney, 28th November: BESydney has announced that it has secured 14 bid wins in two months with an estimated direct expenditure of A$40 million (US$27 million). In 2022, BESydney secured more than 250 events, with an estimated direct expenditure of A$181 million. This includes 85 global and national events through to 2029 with an estimated A$483 million (US$330 million) in direct expenditure.

Events won include: the International Mining and Resources Conference (IMARC) in 2023; IEEE International Future Energy Electronics Conference 2023 (IEEE IFEEC); IEEE International Symposium on Mixed and Augmented Reality (ISMAR) in 2023; International Council of the Aeronautical Sciences (ICAS) in 2026; and Australian Physiotherapy Association’s (APA) national conference ‘Physiotherapy’ in 2027.

Quick takes

Beijing begins its climb down

Those rather brave anti-COVID restriction protests in China appear to have paid off. China's national health authority (NHC) has relaxed the national COVID rules, “in the strongest sign yet that China is preparing its people to live with the disease,” according to Reuters. Mildly infected people can now recover at home and some parts of the country are dropping use of the health tracking app.

A letter from Michael Duck, new UFI president

In his first official communication as UFI president, Informa Markets’ Michael Duck succinctly outlines the task at hand of the global exhibition industry. “We are going to be rebuilding our industry, revitalising it, reigniting the spark in our hopes and plans and dreams.”

Malaysian event tech company acquired

Evenesis, an events technology company has completed its acquisition of Malaysian tech startup Txtsy which specialises in “fully integrated online and offline events.”

Txsty was founded two years ago during COVID and has served some of leading exhibitions in the region such as the Malaysian International Furniture Fair.

Easyfairs acquires plastics trade fair

This is not an Asian deal, but it is good to see the gears of event M&A starting to turn again. Easyfairs announced the acquisition of the Kuteno trade fair in Germany adding to its portfolio of events in the plastics industry. 

Share price movement in B2B media companies involved in Asia

Figure 1: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement over past 12 months)

Figure 2: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement since January 2022)

Macau held 71 MICE events in Q3

Macau, 25th November: Macau’s events industry continues to try its best despite being caught in a difficult position with China sticking to its latest version of COVID Zero.  Last week, Macau’s Statistics and Census Service (DSEC) reported its MICE statistics for the quarter ended 30th September 2022. Macau held a total of 70 MICE events in the quarter which is one event less than the same quarter in 2021. On the plus side, the total number of participants grew by 51% year-on-year in the quarter, with a total of 340,700 participants. 

Of the total 71 events, 57 were meetings and conferences, same as the number of the same quarter last year. Total number of participants at meetings and conferences dropped 3.5%, down to 6,100 participants. 

Messe München establishes new position in China

Shanghai, 28th November: Messe München has announced plans to create a new position, “President China.” Evan Sha, an experienced trade fair manager, has been appointed as the new position which will be part of its subsidiary in Shanghai, Messe München Shanghai. Sha officially started in the role yesterday, 1st December 2022. 

Sha will also act as Vice-Chairman of the Board of Directors, and he will oversee most board functions at Messe München Shanghai. Sha has almost 30 years of experience in the trade fair industry. He graduated from Shanghai University and was a member of the Executive Board of Messe Frankfurt Exhibition in China from 2007 to 2014. Prior joining Messe München Shanghai, he was COO at GL events in China.

Melbourne Convention Bureau secures 110 events

Melbourne, 28th November: According to the Melbourne Convention Bureau (MCB), the economic contribution generated by business events in Victoria increased by 33% in the financial year 2021/2022. 

According to MCB, 110 events generated economic contribution in Victoria of A$203 million (US$136 million). Those events run through to 2028 and are expected to bring more than 53,200 visitors to Victoria and result in over 90,300 room nights. 

Comexposium, InterAds and Vinexposium collaborate in India

New Delhi, 29th November: The upcoming SIAL India will be collocated with Vinexpo India. The show will take place in New Delhi running from 1st to 3rd December 2022. It is jointly organised by InterAds Exhibitions, Comexposium and Vinexposium. 

Comexposium describes SIAL India as a “global food innovation network,” while Vinexpo India is a trade fair organised by Vinexposium. The two shows are expected to feature over 300 exhibitors from over 40 countries and will attract some 10,000 professional visitors. 

Quick takes

Automechanika Shanghai 2022 postponed

Things are getting more messy and quite tense in China. It is difficult to name a city in which events are currently permitted and street protests, obviously a rare sight in China, have popped up in many cities across the country.

China Homelife to go ahead in Mumbai

This one is quite hard to work out. Meorient is a Chinese exhibition organiser known for trade fairs that bring Chinese exporters to its events held in countries such as India, Poland, Mexico and the UAE. With China’s borders effectively closed, it is not clear how the Chinese exhibitors are getting to the Bombay Exhibition Centre.

Singapore promotes its MICE sustainability

In happier news, SACEOS and Singapore forge ahead with its MICE Sustainability Roadmap. Singapore is really doing its best to show that the pandemic will no longer hold them back.

Share price movement in B2B media companies involved in Asia

Figure 1: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement over past 12 months)

Figure 2: BSG B2B Media Index vs. All Tracked B2B Stocks (price movement since January 2022)

Quick takes

Asian event planners face rising travel costs

Business events in Asia are facing later than usual registrations. Travel costs are rising. Logistics and operations challenges are emerging such as venue owners, freight forwarders and contractors being “rusty post-lockdown” and persistent labour shortages.

AMR acquired by U.S. consulting firm

AMR International, an exhibition industry consultancy, has been acquired by Stax, a generalist consulting firm headquartered in Boston. Financial details of the transaction were not disclosed.

Hong Kong organisers calls for the end of restrictions

Duncan Cheung, exhibition industry veteran and organiser of the Mega Show, calls on the Hong Kong government to follow the lead of Singapore and Thailand and drop COVID restrictions for the good of the economy.

Escape from a Shanghai art trade fair

This is a simultaneously sad and hopeful article. Chinese authorities are clearly a long way from easing off their COVID-Zero “strategy,” but on the plus side, it is clear that exhibitors and visitors are desperate to get back to business events.