Corporate events management worth £36.1bn

Date: 19/10/2010

Corporate events management in the UK is worth an estimated £36.1 billion to the economy.

According to a new report published to coincide with Britain for Events Week, corporate hospitality alone is worth £1 billion, while exhibitions and corporate conferences account for £18.8 billion of corporate events management's total revenue.

Business Visits and Events Partnership chairman Michael Hirst said: "Servicing business visitors and delivering world-class events also means providing stimulating careers and employment opportunities.

"Some 530,000 people are estimated to be working in the sector."

Corporate events association Eventia has called on David Cameron to consider the financial importance of the corporate events sector when making spending cuts.

The prime minster will announce a drastic range of measures to reduce Britain's deficit tomorrow in his Comprehensive Spending Review.

However, Eventia chairman Mark Saxby believes that Cameron will need to communicate with the public at large if the cuts are to be pushed through unhindered.

Written by Jo Morgan

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