Sector: Return on Investment

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Hong Kong to Expand Exhibition Space

The Hong Kong Exhibition and Convention Industry Association has welcomed the HKSAR Government’s recent recognition of the exhibition industry and also its commitment to expanding meeting space. A plan is now on the table to redevelop three Wan Chai North government towers and the Kong Wan Fire Station into new venues. From Exhibition World…

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Calgary’s BMO Centre Reaches Hall Milestone

The BMO Convention Centre has completed construction of new Exhibition Hall F, which will offer 100,000 square feet of exhibition space. The total venue expansion is to cost $500 million. Funded equally by federal, provincial and municipal government, the facility will upon completion be Western Canada’s largest convention centre. From Exhibition World…

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Global Exhibitions Back 78 Percent by 2022

The global exhibition market size is likely to drop by $19.9 billion, with a total year-end contraction of about 69 percent. That’s according to the twelfth edition of market assessment Globex. By 2022, the report expects the global market to have bounced back to 78 percent of its 2019 size. From Exhibition World…

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Gateshead Quays Gets Council Green Light

Gateshead Council’s planning committee has approved the development of a £260 million regeneration scheme which will create around 2,000 jobs in the North East of England region, and give a £60 million boost to the local economy each year. A conference and exhibition centre is part of the Gateshead Quays scheme. From Conference News…

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Vaccine Announcement Offers Industry Hope

A vaccine that may stop over ninety percent of people from contracting COVID-19 could mean the return of in-person conferences and events sooner than most had anticipated. Early analysis shows the vaccine is effective and safe, and Pfizer and BioNTech will request emergency approval within this month. From Association Meetings International…

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NEC Group Set to Make 450 Redundancies

The owner of one of the UK’s largest convention centres is set to make 450 redundancies after reporting “almost zero revenues” due to the coronavirus pandemic. NEC Group, which owns ICC Birmingham and other venues including the National Exhibition Centre, is planning to cut its workforce by 55 percent. From Meetings & Incentive Travel…

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EICC’s 25th Anniversary Marks £720m Impact

The EICC (Edinburgh International Conference Centre) was marking 25 years of operation in the same week as revealing that 2019 was its most successful ever year. The venue has made an economic impact of over £720 million since opening its doors in 1995, with £12.6 million achieved in 2019. From Meetings & Incentive Travel…

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