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The Center for Exhibition Industry Research (CEIR) announced that data collected for the annual CEIR Index report reveals that show revenues continue to flourish in the third quarter of 2007 with an overall growth of 5.8 percent over the third quarter of 2006. Year-to-date revenue rose 9.7 percent when compared to the same time period in 2006. In addition to this promising growth figure, attendance grew 11.8 percent. The other third quarter numbers for 2007 compared to 2006 are Net Square Feet up 1.4 percent and Exhibitors up 0.3 percent.
As an objective measure of the annual performance of the exhibition industry, the CEIR Index measures year-over-year changes in four key metrics to determine overall performance: Net Square Feet; Attendees; Exhibitors; and Revenue. The CEIR Index provides exhibition industry performance across 11 key industry sectors: Professional Business Services; Consumer and Retail Trade; Sports and Entertainment; Food; Government; Building and Construction; Industrial and Manufacturing; Communications and Information Technology; Medical and Health Care; Raw Materials and Science; and Transportation.
Earlier this year, the CEIR Index reported the exhibition industry grew 4.8 percent in 2006 over 2005 levels, just slightly below the 5.8 percent gain posted by the industry in 2005 versus 2004, but marking the fourth consecutive year of industry growth. Over the course of the period covered by this report (2000-2006), all four exhibition industry metrics rose on a CAGR (compound annual growth rate) basis: Net Square Feet (+3.6 percent); Revenue (+2.6 percent); Attendees (+1.6 percent); and Exhibitors (+1.5 percent). In 2006, Revenue increased 9.7 percent, followed by 4.6 percent, 3.8 percent and 1.3 percent gains in Attendees, Net Square Feet and Exhibitors, respectively.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
