Expo Dubai: Fairs eyeing $50 bn turnover target

(ANSA) - ROME, OCT 28 - The recovery of the global fairs market is gaining pace and, according to a recent forecast by Market Watch, it will reach a total turnover of $50 billion in the next four years, boosted by events like Expo Dubai 2020, with a Composite Annual Growth Rate (CAGR) of over 3%.
    These are encouraging figures for a sector that, according to the latest report from UFI, the Global Association of the Event Industry, has suffered big losses: in 2020 some 51% of global firms reported an "economic collapse" with 24% of businesses seeing their turnover halved.
    The crisis did not spare Italian firms in the sector, with 44% of businesses suffering significant losses.
    "Despite the great difficulties of the last calendar year, the sector of fairs is recovering and, as a leading player in this sector, we are very happy and proud to be part of this rebirth," said Maurizio Cozzani, managing director of Eurostand, one of the leaders in the sector of stands and fair equipment present in many international events such as Expo Dubai 2020 and Ecomondo. (ANSA).