Nfall2rt Business

Jumat, 19 Oktober 2012

KLCC hosted 1,119 events in 2012 year-to-date

News this week: The Kuala Lumpur Convention Centre (KLCC) reported that the venue has hosted 1,119 events during the period from 1^st January to 30^thSeptember 2012. That is up 13% from the 973 events held in the same period last year at KLCC.

During this period, KLCC received 1.2 million delegates and visitors, and reportedly generated an economic impact of around US$133 million to the city of Kuala Lumpur. According to KLCC, there are more than 25 major events scheduled to take place at the venue before the end of this year.

Over the seven and a half year period of KLCC’s operations, the venue reportedly hosted 6,322 events and attracted 13.2 million delegates. The venue also claims a US$1.3 billion economic impact since its inception in June 2005.

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Interim results: UBM event revenue up 22%

News this week: Yesterday, London-based B2B media group, UBM plc, released its interim results for the nine months ended 30^th September 2012. The company posted revenues of £734.6 million in the first nine months in 2012, a year-on-year increase of 4.0% compared with last year’s £706.2 million. Adjusted operating profit in the period was £141.7 million, compared with £127.5 million in the first nine months in 2011 – an 11% growth.

Revenues from its events business during the nine-month period were £338.9 million, up 22% over £278.5 million recorded in 2011. Adjusted operating profits from events were £105.1 million this year, a rise of 23% compared with £85.5 million in the same period last year.

UBM also reported that some of the company’s top 20 shows recorded double-digit growth in the quarter including Furniture China and Children-Baby-Maternity-Expo. Forward bookings for the company’s top 20 annual events are also up 15% compared with the previous year.

David Levin, CEO of UBM said, “UBM remains on track to deliver the consolidated group guidance we reiterated at the interim results. Events growth continues as expected with good growth in our large Q3 events, particularly in China, and we continue to invest to strengthen our global events business.”

HKTDC’s electronics fair post record number of buyers

News this week: HKTDC Hong Kong Electronics Fair (Autumn Edition), and the concurrent event, electronicAsia, concluded earlier this week running from 13^th to 16^thOctober at the Hong Kong Convention and Exhibition Centre (HKCEC). According to the Hong Kong Trade Development Council (HKTDC), the two events featured 3,900 exhibitors from 28 countries and regions with 5,300 booths.

During the four days, more than 97,000 buyers from 140 countries and regions attended the events. The electronics fair alone reportedly attracted a show record of more 64,000 buyers, representing a 5% increase over the previous edition.

Global Sources’ China Sourcing Fair attracts 1,900 exhibitors

News this week: NASDAQ-listed B2B media company, Global Sources, opened its co-located consumer goods shows at the AsiaWorld-Expo (AWE) featuring the participation of more than 1,900 exhibitor booths.

This year’s show runs from 19^th to 22^nd October and includes the China Sourcing Fairs: Gifts & Premiums, Home Products, Christmas & Seasonal Products, Baby & Children’s Products, Solar & Energy Saving Products, Medical & Health Products, and India Sourcing Fair: Home Products.

Global Sources reports exhibitors this year originate from a wide number of markets including: mainland China, Hong Kong, Taiwan, India, Malaysia, South Korea, the Philippines and Vietnam.

According to a buyer survey conducted by Global Sources in April this year, 82% of buyers sourced green products, 74% are willing to pay a premium for green products and 50% of surveyed buyers took suppliers’ social responsibilities into consideration while sourcing.

China’s e-commerce market valued at US$45 bil in Q2

News this week: Recently published research claims that the transaction volume of China’s e-commerce industry reached US$44.5 billion in the second quarter of 2012 – a jump of 45% year-on-year.

A report published by Analysys International claims that the consumer-focused arm of Alibaba Group, Taobao, holds a 76% market share of China’s e-commerce industry with transaction volume exceeding US$31.9 billion in the second quarter of this year. Trailing far behind Alibaba were 360buy (5.5%), Tencent (4.5%), Suning (1.2%), Amazon.com(0.8%), Dangdang (0.7%) and Yihaodian (0.3%).

In May this year, China’s vice minister of commerce, Jiang Yaoping stated that e-commerce represented 4% of retail sales in China in 2011, with transactions up 30% to US$925 billion – or 12.5% of China’s GDP.

UFI Congress in Abu Dhabi will set new delegate record

News this week: UFI, The Global Association for the Exhibition Industry, is set to organise the 79^thedition of the UFI Congress. The congress is expected to break the delegate record when the event opens in Abu Dhabi on 6^th November. The current record was set at the Singapore edition in 2010 which attracted 425 attendees including all delegates, speakers, staff and accompanying persons.

The programme of the four-day congress will include speakers such as Hamish McRae, chief economics commentator of U.K.-based news outlet The Independent, H.E. Ali Saeed Bin Harmal Al Dhaheri, managing director of the Abu Dhabi National Exhibition Centre(ADNEC), and a panel discussion moderated by UFI’s managing director Paul Woodward.

Woodward was quoted saying, “We are now… aiming for 450-plus. There are already over 50 countries represented. They are looking for more international business opportunities and the UFI membership brings together expertise from almost every country where major exhibitions are taking place. We are focused on trying to make sure that we add value to our members’ businesses in all that we do and that we offer them good return for their time invested in UFI.”

The previous edition of the UFI Congress was held in Valencia, Spain, and attracted 405 attendees.

Jumat, 12 Oktober 2012

UBM and RajaMICE launch SATTE Indonesia

News this week: After acquiring the B2B travel and tourism event SATTE last year, UBM plc has announced the launch of an Indonesian edition of SATTE in partnership with RajaMICE next year. The inaugural SATTE Indonesia will be held in Bali from 12^th to 14^th June 2013.

SATTE Indonesia is expected to attract more than 300 domestic and international exhibitors, and will feature business sessions and the promotion of best practices in MICE and leisure management to develop Indonesia’s tourism industry.

Panca R. Sarungu, CEO of RajaMICE said, “By bringing SATTE to Indonesia in 2013, we hope to support government introducing the world to Indonesia and Indonesia to the world. Last year the original SATTE event, SATTE India, attracted 33 countries and 6,249 unique qualified buyers and sellers. We hope that SATTE Indonesia will take the tourism industry of both countries to the next level.”