Corporate Events Industry Overview

11.25.2016

The UK event industry is absolutely massive and with over 10,000 venues across the country and £42 billion spent annually, it’s no wonder the competition for corporate events is at an all-time high. In fact, a staggering 35% of the UK visitor economy is actually accounted for by the events industry alone. No surprise with all this in mind, everyone wants a piece of the corporate events industry, not to mention the fact that corporate meetings and conferences accounted for nearly £20 billion of the £42 billion. 2016 saw a lot of surprises take control of the country and none more so than Brexit. Lots of people in the events industry believed corporate events would take a hit and budgets would decrease, the number of events would slip, and people wouldn’t want to attend. But fear not!

On further inspection there are some interesting facts about an industry that is getting bigger and better every year. 83% of events agencies actually believe that their head count will grow more in 2017 due to the demand of their clients and the volume of enquiries they deal with. Further to that, the event planners (the people in the know) not only believe that the size of events will grow over the next 12 months, they also believe that the budgets they will be given will grow too!

Corporate Events Hire - Bounce Ping Pong

So, while you’re here, take a look at our Private Events page, where you’ll be able to find out all you need to know about hosting corporate events at Bounce. Whether you want to hire the Private Rooms, Exclusive Areas, or you’re thinking about planning your next Conferences & Meetings; we’ve got you covered.

Source: https://www.eventbrite.co.uk/blog/uk-event-industry-in-numbers-ds00/

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