The Center for Exhibition Industry Research (CEIR) has released its CEIR Index report for 2009 which revealed a 12.5% decline in the U.S. exhibition industry. That is four times the previous record decline of 3.1% in 2008.
The report documented a drop in all eleven industry sectors in the U.S. Data for the fourth quarter of 2009 showed the industry suffered an overall decline of 8.9% compared to the same period in 2008. The four specific metrics mentioned in the report are net square feet (-12.3%); revenue (-13.2%); professional attendance (-4.1%); and number of exhibiting companies (-5.8%). On the plus side, CEIR is predicting recovery and a return to growth in the second quarter of 2010.
(content via Business Strategies Grp)
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