Industry Analysis & Industry Trends
The Event Promotion and Management Services industry has grown at a steady rate over the past five years, benefiting from higher downstream demand from a range of businesses, industries and households. These clients include industry associations hosting conferences for member organisations, government departments holding exhibitions for communities and households purchasing tickets for music concerts and major sporting events. Each of these markets requires event promotion and management services provided by the industry. With stable demand for industry services, industry revenue is projected to increase at a compound annual rate of 1.3% over the five years through 2015-16, to $3.0 billion. This includes a forecast 3.3%... purchase to read more
Industry Report - Industry Investment Chapter
Although capital intensity for the industry is at a low level, it can vary across different segments. The majority of depreciation expenses occur in ticketing agencies, where there are high levels of capital investment in software and infrastructure to support online services. Capital intensity is lower in event management and event promotion, with wages accounting for a high proportion of industry revenue to organise exhibitions and conferences.
To calculate the capital intensity level, IBISWorld uses data from the industry cost structure. Depreciation is used as a proxy for capital, while wages are used as a proxy for labour. In 2015-16, depreciation is projected to account for 4.7% of industry revenue, with wages at 44.9%... purchase to read more