Industry Analysis & Industry Trends
Strong domestic demand for convention and exhibition services during the past five years has resulted from the strong Chinese economy and high levels of international trade. Major international events such as the 2008 Beijing Olympics and the 2010 World Expo in Shanghai have driven industry growth.
A large number of convention and exhibition centers have been constructed in China in recent years. The total area of China's convention and exhibition centers is about 5.0 million square meters. However, there are limited utilization levels of these centers, with an average utilization rate of in China of about 20%, compared with an average rate of 50% to 60% in developed countries.... purchase to read more
Industry Report - Industry Analysis Chapter
During the five years through 2011, total revenue of the Convention and Exhibition Services industry in China is expected to increase at an annualized rate of 9.8% to reach $2.94 billion (in constant 2011 prices) by the end of 2011.
Domestic demand for convention and exhibition services increased significantly before 2008 due to the rapid development of the Chinese economy. The accelerating globalization processes in many industries in China also stimulated greater demand growth. In addition, the 2008 Beijing Olympic Games and the 2010 World Expo in Shanghai have had a positive impact on this industry.
However, the industry grew more slowly in 2009 due to the global recession... purchase to read more