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 wide range of businesses, industries and households. These include industry associations that host 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 3.3% increase in the current year as demand strengthens... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Event Promotion and Management Services industry is in the mature phase of its economic life cycle. The industry is considered to be mature as it has established its position as an integral part of the events market, although it is not undergoing substantial growth. The industry is made up of a variety of different service segments, and each of these continues to play a role in holding business and consumer-based events, indicating the industry's maturity.
Industry value added (IVA) measures an industry's contribution to the overall economy. IVA is projected to rise by a compound annual 1.6% over the 10 years through 2020-21. IVA growth will therefore underperforms real GDP growth at a forecast compound annual rate of 2.8% over the same period... purchase to read more