Core data from UFI’s World Map of Exhibition Venues shows growth of global venue space
With 1221 exhibition venues serving the industry globally, Asia now offers more exhibition venue space then North America, while Europe is home to the most exhibition space, according to data released by UFI, the Global Association of the Exhibition Industry
The number of venues offering more than 100,000sqm of gross indoor exhibition space is the fastest growing segment, while the number of venues offering at least 5000sqm of gross exhibition space also continues to grow.
During this same period, the number of large venues offering more than 100,000sqm of space has grown to 61, a 27 per cent increase.
Due to a surge in venue projects in Asia/Pacific, driven primarily by China, there is now more venue space available in this region than in North America. That being said, Europe retains its global lead on available venue capacities with 45 per cent of the global market share (down 2 per cent compared to 2011), ahead of Asia/Pacific with 23 per cent (up 3 per cent) and North America with 23 per cent (down 1 per cent).
“We are pleased to see that in recent years, additional venue space has become available in almost all regions of the world,” said Kai Hattendorf, UFI managing director.
“Venue investments are long-term investments, so these trends underline the positive outlook for the exhibition industry mid- to long-term. In addition to adding new space, many venue operators have also made significant investments to upgrade their existing venue capacities.”