The
rise of the Internet has resulted in gains for tradeshows
According
to a recent report by the American Business Media,
in 2006 tradeshows generated $400 million more in revenue, which
surpassed b-to-b print media and grew an additional 10% over
2005.
Margaret
Penderson, President of Penton Exhibitions (which
produces more than 90 events annually for more than 30 business sectors),
attributes these figures to the continuing growth of the Internet. “As
people spend more time face-to-face with a computer, real face-to-face
becomes more important,” says Penderson.
Many
professionals in the b-to-b print media industry, including Philip
Chapnick, senior VP for CMP Technology’s Innovator Group,
share Penderson’s view. According to Chapnick, the Internet not
only encourages people to get together in person, but also keeps them
connected even after the trade show is over. “ The Web extends
the tradeshow experience and keeps the community together for the whole
year, rather than dispersing after three days,” adds Chapnick.
Industry
forecasts show that tradeshow spending will continue to surpass print
media in the coming years.
Adapted
from Matthew Schwartz’s article “Media firms’ trade
show revenue tops print for first time” published in the May
7, 2007 issue of BtoB Magazine. |