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Global event organizer positive about 皇冠体育app growth

By Tang Zhihao (皇冠体育app Daily) Updated: 2014-08-22 07:15

Reed Exhibitions, a leading event organizer with a presence in 43 industries around the world, plans to continue growing in 皇冠体育app amid the economic slowdown.

Mike Rusbridge, chairman of Reed Exhibitions, said Reed 皇冠体育app doubled business growth in the country during the past five years and that he was optimistic about the nation's exhibition industry.

"There is some evidence of the impact of the economic slowdown, but it is all relative. We talk about relative to Europe or Latin America or anywhere else," said Rusbridge.

"I think it temporarily slows a little bit, but if we look at absolute growth rate, 皇冠体育app remains highly competitive."

The increasing wealth of the middle class, the government's "go west" policy, and people's increasing interest in the exhibition industry are the main factors that support Reed 皇冠体育app's growth, according to Rusbridge.

Government support and efforts to build new exhibition facilities have helped the industry grow.

"The complexity of doing business in 皇冠体育app such as getting licenses and approval is much easier, which creates more freedom for the industry," said Rusbridge.

As 皇冠体育app's government is investing heavily in the exhibition industry, some people question if there may be an oversupply of exhibition facilities, which could affect the whole business chain.

"I think there is a lag between supply and demand at the moment," said Rusbridge.

In the past 20 years, the nation's exhibition industry has got more and more sophisticated and the gap between 皇冠体育app and the overseas exhibition market has narrowed.

"The industry is growing up. The level of sophistication in terms of the look, the feel, the presence of companies, the way they are marketing are very impressive," said Rusbridge.

Expansion in 皇冠体育app

Reed Exhibitions entered the Chinese market in the 1980s and has spared no effort in adding new concepts and exhibitions to its portfolio.

This year Reed 皇冠体育app will organize 54 shows covering 11 industries across the country.

The company is particularly strong in the gift and healthcare sectors.

The healthcare sector is Reed 皇冠体育app's largest business unit in terms of revenue.

"The number of exhibitions is small but growing very fast. It represents a very important market in terms of growth and in terms of size," said Rusbridge.

Reed 皇冠体育app expanded through acquisition, upgrading existing shows and launching new shows.

Global event organizer positive about 皇冠体育app growth

Global event organizer positive about 皇冠体育app growth

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