The turnover of the Organisation of Conventions and Trade Fairs in the UK is projected to grow from 3.2 billion Euros in 2024 to 3.31 billion Euros in 2028. Comparing this with the turnover in 2023, which was approximately 3.18 billion Euros, the forecast shows modest yearly increases. Year-on-year growth percentages are projected to be around 0.63% to 0.93%, reflecting stable yet moderate expansion. Over the five-year forecast, the Compound Annual Growth Rate (CAGR) is approximately 0.85%.
Future trends to watch include:
- Technological advancements in event organization and virtual technologies influencing market growth.
- Economic factors, such as inflation and Brexit impact, potentially affecting expansion.
- Changing client preferences towards sustainable and hybrid event models.