In 2023, Hungary led European countries with 63 high growth enterprises in the organization of conventions and trade fairs. Italy followed with 61, while Portugal and the Czech Republic recorded 23 and 12 respectively. Norway, Romania, Lithuania, and Slovakia showed smaller numbers, each with four or fewer enterprises. Year-on-year growth rates showed notable increases with Hungary leading at 18.47%, followed by Italy at 11.75% and Portugal at 11.24%. The Czech Republic experienced a growth rate of 8.45%, while Norway, Romania, Lithuania, and Slovakia showed no year-on-year variation. Over the last five years, these countries showed varying degrees of compound annual growth, reflecting differing economic dynamics and market opportunities.
Future trends to watch in the European organization of conventions and trade fairs sector include:
- Increased digitalization and hybrid event formats due to technological advancements.
- Growing demand for sustainable and environmentally friendly event practices.
- Potential fluctuations in enterprise growth rates driven by economic conditions and policy changes across Europe.
- The emergence of new market players in smaller European countries seeking to capitalize on industry growth potential.
Top countries in Number of High Growth Enterprises in Organisation of Conventions and Trade Fairs by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Hungary | 63 | 2023 | +34.04% | +18.47% | View data |
| 2 | 2 Italy | 61 | 2023 | +29.79% | +11.75% | View data |
| 3 | 3 Portugal | 23 | 2023 | +27.78% | +11.24% | View data |
| 4 | 4 Czech Republic | 12 | 2023 | +33.33% | +8.45% | View data |
| 5 | 5 Norway | 4 | 2023 | +33.33% | 0% | View data |
| 6 | 6 Romania | 2 | 2023 | 0% | View data | |
| 7 | 7 Lithuania | 2 | 2023 | 0% | 0% | View data |
| 8 | 8 Slovakia | 1 | 2023 | -100% | View data |
