Reed Exhibitions Scores $1.1 Billion in 2011 Revenue
February 15, 2012
Last year was a good one for Reed Exhibitions, with not only $1.1 billion in revenue, but also a 10-percent increase in underlying revenue, compared with 2010 and excluding biennial show cycling.
Reed Exhibitions' net operating profit also rose 6 percent to $262 million, compared with 2010.
Reed Elsevier’s trade show division, which already boasts a massive worldwide portfolio, also grew even larger in 2011 with 43 new events being added.
Even with the struggles in the Eurozone, revenues in Europe for Reed Exhibitions grew 6 percent, compared with 2010, excluding biennial cycling, with shows Mipcom and Mapic performing well.
In addition, Mipim, the largest individual show in Reed’s show portfolio, saw gains after a tough 2010, according to Reed officials.
North America also saw strong growth, with underlying revenues surging 16 percent, compared with 2010, excluding negative show rotation, according to Reed officials.
Other markets, particularly China, Brazil, Russia and the Middle East, saw strong growth and added to an increase of 13 percent in underlying revenues in markets outside North America and Europe, excluding biennial events.
In 2011, Reed Exhibitions also continued a robust merger and acquisitions strategy, adding events in fast-growing markets and industry sectors.
Some deals last year included the buy of U.K.-based Business Travel Market, an annual corporate travel conference and exhibition held at London’s ExCeL, for an undisclosed sum.
In addition, Reed Exhibitions acquired the Scotland-based All-Energy show, an alternative energy exhibition and conference, from Media Generation Events, as well as the Multiplus show for the biofuels industry and Expo Seguridad in Latin America.
Reed Exhibitions started off 2012 with even more expansions, taking full ownership of its joint venture, Alcantara Machado, Brazil’s leading exhibition organizer, and buying an internet retailer show in Australia.
This year is meant to be a positive one overall for the company, with biennial cycling having a positive impact on revenues, although officials warn of continued weakness in the European market.
“2011 was a year of good progress both strategically and financially,” said Erik Engstrom, CEO of Reed Elsevier, of the company’s overall business.
He added, “Organic development remains at the core of our strategy, and in 2011 we increased our investment and accelerated new product launches, focusing on the provision of information solutions that demonstrably improve the economics of our professional and business customers.”
Engstrom said, “The macro economic outlook remains uncertain, but by delivering highly valued products and services to our professional customers, and a relentless focus on process efficiency, we expect to deliver another year of underlying revenue and profit growth in 2012.”
Partner Voices
Overview:
The award-winning Orange County Convention Center (OCCC) goes the extra mile to make every day extraordinary by offering customer service excellence and industry-leading partnerships. From their dedicated in-house Rigging team to their robust Exhibitor Services, The Center of Hospitality brings your imagination to life by helping you host unforgettable meetings and events. With more than 2 million square feet of exhibit space, world-class services and a dream destination, we are committed to making even the most ambitious conventions a reality.
In October 2023, the Orange County Board of County Commissioners voted to approve allocating Tourist Development Tax funding for the $560 million Phase 5A completion of the OCCC. The Convention Way Grand Concourse project will include enhancements to the North-South Building, featuring an additional 60,000 square feet of meeting space, an 80,000- square-foot ballroom and new entry to the North-South Building along Convention Way.
“We are thrilled to begin work on completing our North-South Building which will allow us to meet the growing needs of our clients,” said OCCC Executive Director Mark Tester. “As an economic driver for the community, this project will provide the Center with connectivity and meeting space to host more events and continue to infuse the local economy with new money and expanding business opportunities.”
Amenities:
The Center of Hospitality goes above and beyond by offering world-class customer service and industry-leading partnerships. From the largest convention center Wi-Fi network to custom LAN/WAN design, the Center takes pride in enhancing exhibitor and customer experience.
The OCCC is the exclusive provider of electricity (24-hour power at no additional cost), aerial rigging and lighting, water, natural gas and propane, compressed air, and cable TV services. Convenience
The Center is at the epicenter of the destination, with an abundance of hotels, restaurants, and attractions within walking distance. Pedestrian bridges connect both buildings to more than 5,200 rooms and is within a 15-minute drive from the Orlando International Airport. The convenience of the location goes hand-in-hand with top notch service to help meet an event’s every need.
Gold Key Members
The OCCC’s Gold Key Members represent the best of the best when it comes to exceptional service and exclusive benefits for clients, exhibitors and guests. The Center’s Gold Key memberships with Universal Orlando Resort, SeaWorld Orlando and Walt Disney World greatly enhance meeting planner and attendee experiences offering world-renowned venues, immersive experiences and creative resources for their events.
OCCC Events:
This fiscal year, the OCCC is projected to host 168 events, 1.7 million attendees, and $2.9 billion in economic impact.
The Center’s top five events during their 2022-2023 fiscal year included:
AAU Jr. National Volleyball Championships 2023
200,000 Attendees
$257 Million in Economic Impact
MEGACON 2023
160,000 Attendees
$205 Million in Economic Impact
Open Championship Series 2023
69,500 Attendees
$89 Million in Economic Impact
Sunshine Classic 2023
42,000 Attendees
$54 Million in Economic Impact
Premiere Orlando 2023
42,000 Attendees
$108 Million in Economic Impact
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