Six of 10 respondents of the ECEF Pulse report, taken at the recent Exhibition and Convention Executives Forum, expect event profitability to rise in 2016. Other findings: 68 percent expect an increase in sponsorship sales this year; 58 percent say attendance at their largest event will grow in 2015; by a 17 percent margin, growing attendance is considered the biggest challenge. For the first time, a free executive summary is available by sending an email to firstname.lastname@example.org. The complete study is available only to ECEF attendees and provides additional data not available in the executive summary.
Despite the severe winter, the performance of the business-to-business exhibition industry posted a year-on-year gain of 4.6 percent. This increase reflects strong industry growth, marking it as the highest increase since the second quarter of 2007, according to the CEIR Index of the Center for Exhibition Industry Research.
The U.S. travel industry presented to Congress its plan to fix the country's struggling air travel infrastructure. The centerpiece of the group's plan: a tax cut designed to offset a needed adjustment to the Passenger Facility Charge, a local user fee that finances airport projects. The net effect on the average federal ticket taxes and fees would be a reduction of between $9.50 and $25.50, based on a base average round-trip airfare of $340, according to U.S. Travel Association’s calculations.