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Posts Tagged ‘UK Events’

London & Partners celebrates raising 2 million in first six months

Thursday, October 6th, 2011

London & Partners – the promotional agency for London that was officially launched back in April – has managed to secure more than two million pounds of private sector funding from partners including Radisson Edwardian Hotels, Merlin Entertainments Group and Hilton Hotels.

Since its launch by London Mayor, Boris Johnson, the organisation has secured over 300 private sector partners, including many in the events industry. Gordon Innes, London & Partners CEO, said, “Not only have we managed to sign up an incredible range of commercial partners, but we have also brought business, associations, events and visitors to the capital. Our mission now is to ensure we are taking full advantage of the 2012 Games to attract visitors, businesses and students throughout 2012 and beyond.”

London & Partners was created in order to bring together the remits of the capital’s promotional agencies – namely Think London, Study London and Visit London. The aim is to have a single promotional agency for the capital that can speak with one voice to audiences in the UK and internationally. The organisation’s objective is to drive leisure and business visitors, as well as bidding to bag major events for London.

UK conference and business events worth £18.8 billion

Wednesday, July 14th, 2010

In a recent report from Eventia, the voice of the UK events industry, the value of business events and conferences to the UK economy has been estimated at a massive £18.8 billion.

Eventia – which was created in 2006 through the merger of the Corporate Events Association (CEA) and the Incentive Travel & Meetings Association (ITMA) and strengthened by the inclusion of the British Association of Conference Destinations (BACD) in 2009 – published the findings in its recent UK Events Market Trends Survey (UKEMTS). The annual UKEMTS survey is supported by major events industry organisations including Confex Group, CAT Publications, VisitBritain, Conference Centres of Excellence and MeetEngland.

This is the first time ever that UKEMTS has estimated the overall value of the conference and business events market – including spend at venues and in the wider destination by delegates and organisers – rather than simply the revenue to event venues. The report, which is based on data supplied by a representative sample of 403 venues from across the country, confirms the importance and scope of the events sector to the UK economy.

Other key estimates in the report include:

  • There were 94 million attendances at events in 2009
  • 1.32 million events took place, with an average attendance of 71 people
  • The average number events per venue was 379 in 2009, down slightly on 2008’s figure of 391
  • Hotels hosted 61% of all business events
  • 36% of events are booked only two to eight weeks in advance
  • The average duration of events in 2009 was 1.6 days, which is similar to previous years

Venues were reported to be more optimistic about business prospects than a year ago, with 65% of respondents planning to invest in their property this year and 9% spending in excess of £1 million.

Commented Izania Downie, Eventia CEO, “UKEMTS is a crucial barometer of what’s happening in the events sector and should be required reading for anyone who needs an informed view of the trends and changes in our sector. Eventia has now been able to provide a robust estimate for the value of our sector, something the industry has long needed. We shall be using this figure and the other market intelligence revealed in this survey for education, marketing and advocacy purposes.”