The China International Industry Fair (CIIF) opened on 17th September 2019 at the National Exhibition and Convention Center (Shanghai) (NECC).
National Exhibition and Convention Center (Shanghai) (NECC), currently one of Asia’s largest exhibition venues, announced that the venue will add at least 60,000 m2 of new exhibition capacity. This expansion project will bring the venue’s total capacity to more than 464,000 m2 of gross indoor space.
According to Singapore Tourism Board (STB), tourism receipts from the business travel and MICE sector generated S$3.4 billion (US$2.5 billion) in the first nine months of 2018, which represents growth of 10% year-on-year. Visitor arrivals in the same period increased 14%, reaching two million.
Recently, the Malaysia Convention & Exhibition Bureau (MyCEB) released its annual report for 2018. In total, the bureau supported 300 events during the year, generating an estimated economic impact of RM2.47 billion (US$595 million) for Malaysia. A total of 350,000 delegates attended these events, including 163,000 international delegates.
Malaysian International Furniture Fair (MIFF), Malaysia’s largest furniture fair, celebrated its 25th anniversary this year. Some 600 exhibitors from 14 countries and regions attended the exhibition this year.
Hong Kong-listed Pico Far East reported its annual results for the year ended 31st October 2018. The company posted record-high revenues of US$590 million, up 16% year-on-year. However, the company’s net profit dropped 3.5% during the year down to US$35 million. Diluted earnings per share for the year were HK$0.2198 (US$0.028).
Earlier this week, international exhibition organiser, Messe Düsseldorf, announced management changes.
The RELX Group (formerly Reed Elsevier) released its financial results for the year ended 31st December 2018. Total revenues were £7.5 billion (US$9.5 billion), representing an underlying increase of 4%. Adjusted operating profit increased by 6% to £2.3 billion (US$3.0 billion).