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).
Hannover Milano Fairs Shanghai will launch Metal + Tech 2018 from 27th to 30th November at Guangdong Tanzhou International Convention and Exhibition Center.
Jointly organised by Deutsche Messe AG, Hannover Milano Fairs Shanghai and Guangzhou Xuanhua Exhibition Co., Ltd., Metal + Tech will occupy an exhibition area of 20,000 m2, showcasing some 100 companies from more than 10 countries and regions. The show will focus on the associated industries for flexible processing of sheet metal.
Tapping into the rapid growth of e-commerce services in China, a new niche event focused on - e-commerce packaging will be launched next year. The new show, Epack-Tech Asia, will be organised in 2019 and it will focus on food and non-food processing and packaging technologies.
The new show will be organised by Fiera Milano through Hannover Milano Fairs Shanghai, its Chinese joint venture with Deutsche Messe AG and it will be held along side CeMAT Asia in October 2019.