Dollar destination: The weak dollar is boosting industry revenue despite competition from Asia

The Exhibition and Conference Centres industry has performed well over the past five years, as business conditions have remained favourable. Industry revenue is projected to grow at an annualised 2.9% over the five years through 2016-17, to reach $11.3 billion. This includes an expected 3.2% rise in 2016-17 as growth in business tourist nights boosts industry demand.Steady demand for exhibitions contributed to the industry's growth over the past five years. Rising demand from industry associations, which commonly hold large events such as exhibitions, led to an increase in the number of exhibitions held within Australia. Furthermore, an increase in the number of businesses operating across the economy has boosted demand for events at industry venues...read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 12-17
2.9%
Forecast Growth 17-22
Profit
Employment
56,810
Businesses
2,181
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The weaker Australian dollar over most of the past five years benefited the industry
  • Steady increases in the number of Australian businesses contributed to higher demand
  • Heightened demand will mean existing venues will have to improve their capacity or be replaced
  • Industry Report - Industry Investment Chapter

    The industry has a high level of capital intensity as the cost of buildings and structures is allocated to depreciation. Industry companies generate revenue from event hosts using their exhibition and conference centres, which require high capital investment. For each dollar required for labour inputs, approximately $0.45 is projected to be invested in capital plant, equipment and buildings during 2016-17. Capital intensity has increased over the past five years, due to further capital investment among players. This upward trend is projected to continue in over the next five years as wages decline as a proportion of industry revenue and capital investment increases.Buildings and structures are high-value assets that contribute significantly to depreciation costs. The...purchase to read more.

    Additional Insights for the Exhibition and Conference Centres Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Exhibition and Conference Centres Industry are

  • Easily accessible locations
  • Access to the latest technology
  • Optimum levels of capacity utilisation
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Business tourist nights in the Exhibition and Conference Centres industry impact industry performance..

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    What's in this report

    What is the Exhibition and Conference Centres Industry?

    The Exhibition and Conference Centres industry organises and hosts exhibitions and conferences. Event organisers and venue operators generate revenue through venue hire, registration fees, food and beverage sales, and accommodation.

    Industry Products
  • Food and beverages
  • Venue hire
  • Accommodation
  • Other services
  • Industry Activities
  • Hosting exhibitions
  • Hosting conferences
  • Organising exhibitions
  • Organising conferences
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Business tourist nights
  • Number of businesses
  • Demand from industry associations
  • Trade-weighted index

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Exhibition and Conference Centres Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Exhibition and Conference Centres Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Professional, Scientific and Technical Services
  • Industry Associations
  • Professional Services
  • Consumers

  • Key Selling Industries
  • Catering Services
  • Computer System Design Services
  • Hotels and Resorts
  • Investigation and Security Services

  • Products & Services
  • Food and beverages
  • Venue hire
  • Accommodation
  • Other services
  • Chart: Exhibition and Conference Centres Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Corporations
  • Industry associations
  • General public and students
  • Governments
  • Chart: Major Market Segmentation for the Exhibition and Conference Centres Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Exhibition and Conference Centres

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Exhibition and Conference Centres Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Exhibition and Conference Centres Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Exhibition and Conference Centres Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Conference
  • A conference can be a small business gathering or a larger gathering with international visitors (e.g. a convention). Larger conferences may have exhibitors.
  • Exhibitions
  • Exhibitions are generally held by companies to advertise and promote their products. Examples include trade shows.
  • Positive Externalities
  • Refers to the economic stimulus that holding an event provides to a city or state. This includes spending by international delegates and the income generated for industry workers.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Exhibition and Conference Centres market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Exhibition and Conference Centres:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Exhibition and Conference Centres market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Exhibition and Conference Centres, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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