New research shows that the events industry contributed £40 billion to the UK economy in 2011.
According to the UK Economics Impact Study (UKEIS), which analysed spend in the industry, a total of 1.3 million meetings took place in 2011, bringing in the huge figure. These were attended by around 116.1 million delegates across 10,127 event spaces in the country.
Overall, just over three quarters of those attending meetings were from the UK, with 21.5 per cent being international attendees. Those from overseas who attended meetings in the country are said to have brought £10.8 billion in to the economy.
The study also found 81 per cent of meetings were held for the corporate sector, 6.3 per cent for associations, 5.2 per cent for non-government and not-for-profit organisations and four per cent for government and public service organisations.
The results from the study, which has not been carried out previously, were revealed at the International Confex event which took place today (March 20th), according to incentivetravel.co.uk.
Talking about the data, James Samuel, event director of the International Confex, told meetpie.com: “The UKEIS is the most important research ever undertaken by this sector and this profile data provides a clearer picture of the industry than we have ever previously had.”
He added: “As the figures are broken down and further information becomes available, we will gain a true insight into not just the size of our sector, but also its impact and position in the world around us.”