The Center for Exhibition Industry Research (CEIR) reports that the exhibition industry remained at a grinding halt in the third quarter of 2020, with approximately 97% of originally scheduled events cancelled. As a result, the CEIR Total Index, a measure of exhibition industry performance, registered a 98.1% decline from a year ago (see Figure 1). The industry experienced a more moderate year-over-year decline of real (inflation-adjusted) GDP at 2.9%, which increased at an annual rate of 33.1% from the previous quarter. The latter had been somewhat boosted by continued reopening of businesses, strong residential investment, and online and other consumer goods purchases.
Read More