CEIR Report: Exhibition Industry 'Gaining Strength'

The exhibition industry grew for the 18th consecutive quarter in the fourth quarter of 2014, although its pace of growth decelerated from the third quarter, according to the Center for Exhibition Industry Research (CEIR), which yesterday released the fourth-quarter results of its periodic CEIR Index research report.

The report finds that overall exhibition-industry growth totaled 1.7 percent in the fourth quarter, down from 2.3 percent in the third quarter and 2.2 percent in the fourth quarter of 2013.

"With the fourth quarter's results and 18 consecutive quarters of growth ... we are confident in the continued growth and progress of the industry," CEIR's economist Allen Shaw, Ph.D., chief economist for Global Economic Consulting Associates Inc., said in a statement. "Additionally, in line with our expectations as published in the 2014 CEIR Index Report, the total index increased by a moderate 1.8 percent for 2014 for the year as a whole, just slightly below the 2 percent forecasted growth."

Along with overall performance, the CEIR Index measures year-over-year performance in four industry metrics: attendance, which grew 2.6 percent; revenue, which grew 2.1 percent; net square feet of exhibit space sold, which grew 2 percent; and exhibiting companies, which grew 0.2 percent.

Concluded CEIR President and CEO Brian Casey, "Slowly but surely, the exhibition industry is gaining strength."


For a recap of recent top stories, check out MeetingNews Minute: