Demand for exhibitions has returned to pre-pandemic levels for both exhibitors and visitors, with no signs of a fundamental shift away from in-person trade shows as a channel. That is a key result of the third part of the Global Recovery Insights 2021 report, conducted by live events research specialists, Explori, in partnership with UFI, the Global Association of the Exhibition Industry and supported by SISO, the Society for Independent Show Organizers.
72% of existing visitors say they plan to attend trade shows with the same or increased frequency in future, with 62% of exhibitors reporting the same intention. The impact of the pandemic on spend has been far less severe than feared and 45% of exhibitors expecting budgets to return to normal within 12 months.
„Budget cuts have not been as harsh as predicted in 2020.“
A new group was surveyed for the first time in this research which was more likely to convert from digital participation to in-person participation than either current visitors or exhibitors. Made up of senior marketing decision makers based in the US or UK who had not used trade shows as a marketing channel prior to the pandemic, this group expect digital events to remain part of their marketing mix, and intend to become exhibitors at the live editions, suggesting that the digital events that arose during the pandemic have attracted new audiences.
“The report gives plenty of reasons for optimism, including quelling doubts about a possible shift away from live events and indicating which shows are likely to bounce back quickly. At a time where physical trade shows are restarting around the world, we hope that these findings will help the industry to a fast recovery and beyond.” said Kai Hattendorf, UFI CEO.
Sophie Holt, Managing Director, Explori added: “Whilst the need for some exhibitors to make savings remains, the Global Recovery Insights reflects the optimism felt by the exhibition industry, that live events will soon return to pre-pandemic levels. Budget cuts have not been as harsh as predicted in 2020 and spend is expected to return to 2019 levels within an average show cycle. Quality shows are likely to be protected and digital has opened up new opportunities to widen audiences convert naysayers to the power of live!”
This latest in the Global Recovery Insights series of quantitative global survey of trade show visitors and exhibitors, carried out in the summer of 2021, collectively gained 15,000 responses in 10 languages, representing trade show participation in over 30 countries. The report focused on five key themes which build on, and can be compared with, the findings of previous Global Insights studies.www.ufi.org/The-Global-Recovery-Insights-2021-report-published_19october2021.pdf