According to the Center for Exhibition Industry Research (CEIR), the U.S. B2B exhibition industry continues to rebound, demonstrated by a continued improvement in Q3 2022 from the previous 10 quarters. This welcome news was announced by CEIR officials on Dec. 14 during Expo! Expo! IAEE’s Annual Meeting and Exhibition, taking place Dec. 13-15 in Louisville, Ky.
The in-person event cancellation rate remains low, although it increased slightly from 2 percent in Q2 to 3.1 percent in Q3, demonstrating a substantial improvement from 97.8 percent in Q3 2020 and 20.6 percent in Q3 2021, according to CEIR’s research.
A relatively low cancellation rate and an improvement in completed events boosted the Q3 2022 Index result. As expected, the CEIR Total Index – a measure of overall exhibition performance – continues to recover, with a result 22.3 percent lower than 2019 (as shown in Figure 2). However, this marks a vast improvement compared to the past two years, including declines of 98.3 percent from 2019 in Q3 2020 and 50 percent from 2019 in Q3 2021... |
