Tradeshow organisers and associations join forces to create safe platforms for economic recovery
The exhibitions industry is celebrating the launch of a first-of-its-kind global coalition designed to prioritise the safety and success of communities as they return to business.
As industries ranging from manufacturing to healthcare, aviation, agriculture, maritime and many others, look for opportunities to recover following devastating economic hardship, the exhibitions industry is dedicated to supporting commerce and connection by providing safe environments to network and do business.
This coalition, which is led by the global association of the exhibition industry, UFI (organiser of Global Exhibitions Day (GED), which falls on 2 June 2021), and industry associations such as SISO, as well as leading global exhibitions organisers, including Clarion Events, Comexposium, Diversified Communications, Emerald, Informa Markets, Reed Exhibitions (RX) and Tarsus, are joinin
Cosmoprof Worldwide Bologna Further Postpones Dates
Women s Wear Daily (WWD) 1/28/2021 Sandra Salibian
MILAN There’s no peace for leading beauty trade show format Cosmoprof as it tries to stage the 53rd edition of its annual event in Bologna. Canceled in 2020, the show has now been rescheduled to run Sept. 9 to 13 due to concerns from associations and industry operators about the development of the pandemic.
The decision marks a further postponement compared to the previous dates set for 2021. As reported, last month the fair’s organizer, BolognaFiere, tweaked the show’s traditional schedule and moved the event forward compared to its usual March dates to run May 27 to 31.
By Reuters Staff
(Adds detail on events, chairman move, background)
Jan 6 (Reuters) - Events group Informa Plc on Wednesday forecast a more than 70% plunge in 2020 profit as the industry was ravaged by coronavirus-driven restrictions and halts in physical exhibitions worldwide.
Hundreds of global events organised by Informa were cancelled or postponed last year due to the COVID-19 pandemic, denting a major chunk of revenue for the firm behind shows including China Beauty Expo, Monaco Yacht Show, World of Concrete and Arab Health.
Mainland China resumed events since June last year, but several major markets including the United States and Europe remained virtually shut and Britain imposed another national lockdown to stem the spread of a new coronavirus variant.
The British multinational exhibitions group expects physical events to resume in 2021.
Informa named John Rishton as the new chairman on Tuesday to replace Derek Mapp.
Informa plc (LON: INF) said on Wednesday that its annual profit is expected to see an over 70% decline in 2020 due to the COVID-19 crisis that weighed on the industry at large. The company said that the ongoing pandemic pushed it into postponing or cancelling hundreds of global events last year, including China Beauty Expo, World of Concrete, Monaco Yacht Show, and Arab Health.
In a report published in September, the London-based company had posted £801.2 million of pre-tax loss in the fiscal first half due to the Coronavirus pandemic that has so far infected a little under 87 million people worldwide and caused over 1.8 million deaths.
Informa trading update predicts gradual return of physical events rather than ‘full rebound’
The world’s largest exhibitions group Informa plc, in a 6 January update on trading ahead of its 2020 full-year results on 22 April 2021, has forecast a 70% drop in profit and is scheduling 90% of its physical events outside mainland China to run only from June 2021. The group acknowledged minimal major physical events activity had returned in 2020 outside of China.
The group’s revenue return for 2020 was expected to be in the range of £1.65bn (US$2.25bn)-£1.68bn and group adjusted operating profit in the range of £250bn-£270bn, according to the 6 June update.