Event Cancellations and Postponements Due to COVID-19 Lead to Industry Decline
DALLAS, 5 June 2020 – The Center for Exhibition Industry Research (CEIR) reports that growth of the exhibition industry plunged during the first quarter of 2020 as 72.6% of events originally scheduled for the second half of March were cancelled. The remaining 27.4% of events were postponed and some of those events may eventually be cancelled as well. As a result of many cancellations, the CEIR Total Index, a measure of exhibition industry performance, registered a record 15.1% decline from a year ago (see Figure 1), compared to a modest 0.3% year-over-year gain of inflation-adjusted GDP (see Figure 2). The latter had been somewhat buffered by continued opening of essential businesses and online purchases.
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Blog Publisher’s comment:
I posted this because most reprographers do large-format display graphics color print work for firms and businesses involved in events, exhibitions, conventions, trade shows, conferences, etc. CEIR tracks the Exhibition Industry.
Above, CEIR indicates that the “CEIR Total Index” for Q1 2020 was off 15.1% from Q1 2019.
Just speculating, but I do think it is highly likely that the “CEIR Total Index” for Q2 2020 will be off more than 65% from Q2 2019.
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