2023
9
UK Conferencing and Events Market Report 2023
2023-08-01T04:07:28+01:00
OX1156131
1495
165426
[{"name":"Services","url":"https:\/\/store.mintel.com\/industries\/business-industrial\/services"}]
Report
en_GB
“While there is increased demand for face to face events and conferences, the sector continues to grapple with a number of challenges. High costs, short lead times and staffing challenges…

UK Conferencing and Events Market Report 2023

£ 1,495 (Excl.Tax)

Description

Stay ahead of the curve and future-proof your business with Mintel’s UK Conferencing and Events Market Report 2023. Our full report is packed with consumer-led market intelligence, the latest UK events industry trends and consumer behaviours affecting your business. Get a 360° view of the events industry, including market size, share and forecasted growth to help you align your business strategy with the needs of your audience.

Below, we’ve handpicked the key insights analysed in the full report and summarised the core topics.

Topics Analysed in this Report

  • How the UK events industry has performed in the unprecedented disruption of the COVID-19 pandemic and now supply chain disruption and high inflation.
  • Key market drivers and challenges in the events industry UK.
  • Analysis of the business, leisure and mixed events segments.
  • The projected performance of the conferencing and UK events industry from 2023-27

Events Industry UK Outlook

Demand for conferences and events remains strong, reflecting the high value placed on in-person experiences. However, the UK events industry continues to battle a number of challenges, including staffing shortages, high costs, short lead times and the rising cost of living. Operators need to demonstrate flexibility in planning and focus on creating value for clients.

  • UK events industry market size: The value of the ‘business events” sector rose from £.7.3 billion in 2021 to an estimated £26.6 billion in 2022.

UK Events Industry Statistics, Trends and Opportunities

Hybrid events are here to stay

Following the lifting of COVID-19 restrictions the UK events industry has witnessed a rapid adoption of hybrid events. Hybrid events are expected to remain popular due to a number of reasons, including tighter travel budgets, sustainability concerns, wider audience reach, and the ability to engage with a global audience in a way that suits them. However, a strong hybrid event requires a considerable amount of tech and event management, which can be costly and needs careful consideration.

  • UK events industry opportunity: 33% of meetings in Europe are expected to be hybrid in 2023.

UK events industry continues to battle skills shortages

The pandemic’s uncertainty led many event professionals to explore alternative careers, some temporarily but many permanently, damaging the industry’s emergence. Staff shortages have also been exacerbated by the UK’s EU exit. The conferencing and events industry is addressing the staffing challenges in a number of ways, including investing in technology and forming partnerships with educational institutions in a bid to nurture a new generation of professionals though apprenticeships.

  • UK events industry statistics: 76% of organisations revealed that they currently have staff vacancies.

To learn more about the UK events industry, including a five-year forecast, analysis of consumer behaviour, and recommendations for market opportunities, purchase our full UK Conferencing and Events Market Report.

Additional Features Included with Your Purchase

  • Different Digital Formats: PDF for conveniently sharing with your team, PowerPoint for quickly including in your presentation, as well as Word and Excel.
  • Mintel’s Clients Portal: Our portal offers instant access to actionable analysis and trends pieces relevant to your industry that are published almost daily. You can also browse for more market research reports.

Expert Insights from a B2B Analyst

This report, written by Claudia Preedy, a leading B2B analyst, delivers in-depth commentary and analysis to highlight trends in the events industry UK and add expert context to the numbers.

While there is increased demand for face-to-face events and conferences, the sector continues to grapple with a number of challenges. High costs, short lead times and staffing challenges remain high on the agenda.  Client expectations are also growing, with audience expectations becoming far more experience-led. A focus on efficiency, collaboration, flexibility and having the ability to pivot across different mediums is going to be vital to navigate the more challenging market conditions.”

Claudia Preedy

Claudia Preedy
Principal Analyst

 

Table of Contents

  1. Overview

    • Key issues covered in this Report
    • Products covered in this Report
  2. Executive Summary

    • The five-year outlook for Conferencing and Events
      • Figure 1: Conferencing and Events outlook, 2023-28
    • The market
    • Market size and forecast
      • Figure 2: UK conferencing and events market size and forecast, 2018-27 (£ billion, 2023-27 at 2022 prices)
    • Market segmentation
      • Figure 3: UK conferencing and events market size, by segment, 2018-22 (£ billion)
    • Companies and brands
  3. Issues and Insights

    • Focus on sustainability
    • Hybrid events are here to stay
    • Industry continues to battle skills shortages
  4. Market Size

    • Market shows strong post-COVID-19 recovery…
    • …but sector continues to grapple with a number of challenges
      • Figure 4: UK conferencing and events market size, 2018-22 (£ billion)
  5. Market Segmentation

    • Business events
      • Figure 5: UK market size for business events, 2018-22 (£ billion)
    • Leisure events
      • Figure 6: UK market size for leisure events, 2018-22 (£ billion)
    • Mixed events
      • Figure 7: UK market size for mixed events, 2018-22 (£ billion)
  6. Market Forecast

    • The five-year outlook for Conferencing and Events
      • Figure 8: Conferencing and Events outlook, 2023-28
    • Strong demand for face-to-face events but market conditions more challenging in the near-term
      • Figure 9: UK conferencing and events market forecast, 2023-27 (£ billion at 2022 prices)
  7. Market Trends

    • Hybrid events are here to stay
    • Industry embraces sustainability
    • Industry continues to battle skills shortages
  8. Market Drivers

    • Business confidence
      • Figure 10: ICAEW UK National Business ConfidenceTM index, 2016 – 23
    • Overseas business visitors
      • Figure 11: Annual number of UK overseas business visitors (000s), 2009-22
      • Figure 12: Annual number of UK overseas business visitors (000s), 2009-22
    • Households’ financial situation
      • Figure 13: Household financial situation, 2023
    • Attendance of live events
      • Figure 14: Live events – Recent attendance and intention to attend, 2019-23
    • Consumer interest in digital events declines
    • UK maintains major sport event hosting ambitions
    • UK conferencing venues are increasing investment in their facilities
    • Increased focus on sustainability and DEI across the sector
  9. Government Policy and Legislative Environment

    • Business Events Growth Programme
  10. Industry Structure

    • Changes in structure of the industry
      • Figure 15: Changes in the industry structure of ‘organisation of conventions and trade show’ activities, 2018-22 (number of local units and businesses)
    • Changes in structure by employment
      • Figure 16: Changes in the employment structure of ‘organisation of conventions and trade show’ activities, 2021 and 2022 (number of local units)
    • Changes in structure by turnover
      • Figure 17: Changes in the turnover structure of ‘organisation of conventions and trade show’ activities, 2021 and 2022 (number of local units)
  11. Company Profiles

    • DMG Events
    • Financial information
      • Figure 18: Financial analysis of DMG Events (UK), 2018-22 (£ million)
    • Hyve Group
    • Hyve’s structural transformation
    • Acquisition by private equity firms Providence and Searchlight
    • Financial information
      • Figure 19: Financial analysis of Hyve Group, 2018-22 (£ million)
    • Reed Exhibitions (trading as RX)
    • RX UK
    • Corporate Strategy
    • Financial information
      • Figure 20: Financial analysis of Reed Exhibitions, 2018-22 (£ million)
    • Smyle Creative
    • Financial information
      • Figure 21: Financial analysis of Smyle Creative Ltd, 2018-22 (£ million)
    • Scottish Event Campus
    • Financial information
      • Figure 22: Financial analysis of Scottish Event Campus, 2018-22 (£ million)
  12. Appendix – Data Sources, Abbreviations and Supporting Information

    • Abbreviations
  13. Further Sources and Contacts

    • Trade associations
    • Association of British Professional Conference Organisers (ABPCO)
    • Association of Events Organisers (AEO)
    • The Association of Festival Organisers (AFO)
    • UKEVENTS
    • Meetings Industry Association
    • National Outdoor Events Association (NOEA)
    • Trade magazines
    • M&IT – Meetings & Incentive Travel
    • StandOut
    • Conference News

Why Mintel?

Gain access to high quality market research with every purchase of Mintel’s B2B industry reports. Here's what else you can expect when buying from us:

Mintel’s Clients Portal

After your purchase is completed, you’ll receive an invitation to join Mintel’s Clients Portal which provides instant access to supplementary insights from Mintel’s industry experts.

Multiple Report Formats

Mintel’s reports are available in PDF and PPT formats, and arrive in your inbox alongside as soon as your purchase is completed, so you can share Mintel’s market intelligence with ease.

Readymade Presentations...

Whether you want to present a quick market summary, or an in-depth exploration. Every report comes with keynote and a full-written presentations, ready to download or present online.

...or Create One Yourself

Using Mintel’s custom presentation tool, you can easily incorporate selected research data and analysis into a tailor-made presentation to win over clients and stakeholders.

Browse our sample PDF report below:

Click to show report
B2B Sample Report Cover

Please Note: All of the figures, graphs, and tables have been redacted.

Trusted by companies. Big and small.

Want to speak to us directly?

Contact us with your enquiry and our expert global team can help.

Get in touch