|FOR IMMEDIATE RELEASE|
Three Sectors Originally Projected to Lead the Exhibition Industry –
Is the Forecast Still Positive?
DALLAS, 15 August 2013 – When the CEIR Index was released early in the spring, the Financial, Legal, Real Estate (FN); Discretionary Consumer Goods (CS); and Sporting Goods and Entertainment (ST) sectors were forecasted to perform well into 2014. Now, with the continual changes in the economy and consumer confidence ebbing and flowing, an expert panel will evaluate these projections, examine influences on their sectors and determine if the projections are still positive – in real-time at CEIR Predict. Improving consumer sentiment will help the performance of these sectors grow. Predict is the single, most essential event for executives in the exhibition industry and financial community for effective and strategic planning purposes in regard to exhibitions in the coming year.
Moderated by SnowSports Industries America President David Ingemie, this session will take a deep dive into the outlook for the FN, CS and ST sectors which will be represented by panelists SourceMedia Group Editorial Director, Banking & Capital Markets Richard Melville; Questex Media Group CEO Kerry Gumas; Advanstar Communications President of Licensing & EVP of Power Sports Group Chris DeMoulin; and Toy Industry Association Inc. Vice President, Meetings & Events Marian Bossard. Panelists agree that they are cautiously optimistic with an uptick in consumer confidence during the past year, but there are mitigating factors like government regulations regarding product safety, consolidation versus expansion, the effect of online storefronts on independent retailers and the impact of mergers that are driving investment banking and revenue for financial institutions that weigh heavily on the outlook for events in these sectors.
Ingemie said, “Now that the economy is showing signs of improvement, and face-to-face events in the financial, consumer goods and sporting goods sectors have been able to weather the digital disruption, it will be interesting to see if these leading sectors are still in line with projections. Overall, whereas we are seeing a decline in the number of exhibiting companies, statistics show an increase in revenue and square footage from the exhibiting companies who continue to support the events, so the outlook from that vantage point is positive.”
The expert analysis and industry predictions will underscore how important it is for exhibition organizers to continually keep their exhibitions fresh and appealing to their audience. The rich content shared at Predict will allow organizers to strategically look at their event(s) and learn how new and different models can be applied. Knowing how essential change and adaptation is today, Predict will provide the resources and means through goal mapping and competitive threat analysis to bring about these changes.
CEIR Predict will be held on Thursday, 12 September 2013 at the Waldorf Astoria in New York City. Predict uses the CEIR Index as the foundation for the event and to provide an objective measure of the annual performance of the exhibition industry, measuring year-over-year changes and predictions through 2015. Attendees will interact with presenters and colleagues throughout the day to share best practices, ideas and future strategies including projected event growth, merger and acquisition strategies and planned launches. Attendance is limited to exhibition organizer executives, merger and acquisition firms, private equity firms, debt providers, investment firms and the financial press to allow for an intimate, high-level idea exchange about the future of the exhibition industry and implications for specific business sectors and their supporting exhibitions. To apply for Predict, visit www.ceir.org/predict. Join the conversation on CEIR Predict’s LinkedIn Group: http://www.linkedin.com/groups/CEIR-Predict-3972209?trk=myg_ugrp_ovr and follow CEIR on Twitter at #CEIR.
CEIR sincerely appreciates the support it has received from sponsors of this year’s Predict.