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Event Promotion and Management Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Event Promotion and Management Services Market Research Report | ANZSIC N7299 | Nov 2014

Making a comeback: Revenue growth will return as market conditions improve

IBISWorld’s Event Promotion and Management Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 10-15
-0.5%
Annual Growth 15-20
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Profit
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Employment
26,140
Businesses
5,750
Industry Analysis & Industry Trends

The Event Promotion and Management Services industry has declined slowly over the past five years, having struggled in the aftermath of the global financial crisis. While economic conditions rebounded in 2009-10 with an uptick in business confidence and consumer sentiment, over the past five years, businesses have continued to rein in costs while consumers have continued to deleverage and save their money. Event attendance is typically non-essential, and the lack of discretionary spending was to the industry's detriment. Therefore, the industry underwent a slow but steady decline, with revenue forecast to fall by a compound annual 0.5% over the five years through 2014-15 to $3.9 billion. A similarly small revenue decline of 1.4% is forecast for the current year... purchase to read more

Industry Report - Industry Products Chapter

The roles of event manager and event promoter are increasingly blurred. In concert touring, event promoters not only promote tours, but also act as the liaison between touring artists and venue operators. In this case, event managers' and event promoters' revenue is generated from ticket sales. On other occasions, the roles of the event manager and event promoter are distinct. Generally, there is less vertical integration where events are irregular, unlike flagship annual or bi-annual events where the manager's or promoter's main source of income is ticket revenue.

Event management services

Event managers perform the grunt work and provide the solutions required to run an event... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Event Promotion and Management Services Industry?

The primary activities of industry participants are event management, event promotion and ticketing services. The industry also includes tourist information centre operations and fundraising on a commission or fee basis.

Industry Products
Event management servicesTicketing servicesEvent promotion servicesTourist information centre operationOther services
 
Industry Activities
Event managementSports ticketingSports, art and similar event promotion (without facilities)Theatre and concert bookingTourist information centre operationFundraising on commission or fee basis


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