This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Exhibition Industry Associations Join Forces In Continuous Effort To Stop The Demolition Of Earls Court

BERKHAMSTED, England, January 18, 2013 /PRNewswire/ --

In an on-going effort to prevent the proposed demolition of Earls Court Exhibition Centre, the Association of Event Organisers (AEO) and UFI, the Global Association of the Exhibition Industry, have sent letters to the Secretary of State for Business, Innovation and Skills, Rt Hon. Vince Cable.

     (Photo: http://photos.prnewswire.com/prnh/20130118/588955 )

In their letters to Mr Cable, the associations draw attention to the detrimental impact that the closure of Earls Court Exhibition Centre will have not only on the exhibitions and events industry, but also on the wider community.

The associations are asking for Mr Cable's support of their demand that the planning applications relating to the Earls Court Opportunity Area be called in so that the Government can judge all the evidence through a fully transparent public inquiry.

The Exhibition Centre brings 2.5 million visitors and 300,000 exhibitors to West London every year, generating over £1 billion in revenue.

Despite the UK exhibitions and events industry generating an annual expenditure of £11billion every year and a Gross Value Added (GVA) of £5.6 billion, the sector is constrained by a lack of sustainable exhibition space.  The UK has just 5 per cent of European exhibition space (compared to 22 per cent in Germany, 14 per cent in France and 10 per cent in Spain), whilst London's largest venue ExCeL is only the 36 th biggest in the world.  By contrast, Paris alone has two venues in the top ten.

Paul Woodward, Managing Director, UFI, commented: "Demolishing Earls Court could set a potential UK growth industry further behind key international competitors.  Furthermore there is no evidence that London needs less exhibition space. In fact, the UK competitors are currently expanding their own capacity precisely because they understand the economic benefits the centres and the events that they host create."

Karim Halwagi, Chief Executive Officer, AEO, stated "The effect of the potential loss of the Earls Court Exhibition Centre, possibly the UK's best known venue on an international basis, would be enormous, not only for the UK exhibitions and events industry, but it would also have a huge impact on attracting foreign companies to exhibit and even stage their own events in London. The irony is that UK Trade & Industry (UKTI) deeply wish to attract foreign event organisers to the UK but we already have a shortage of venue stock - you must remember, there are only 52 weeks in a year and one or two venues cannot host the enormous range of large consumer and trade events that are currently held in the UK annually, let alone additional events from abroad."

About Association of Event Organisers (AEO) Association of Event Organisers (AEO) is the trade body representing companies, which conceive, create, develop or manage trade and consumer events. It is run by its members for the benefit of its members through an elected council of representatives, specialist working groups and a fulltime secretariat.  

Our aim is to be the voice of the event organising industry, to serve the collective needs of event organisers and to promote the interests of our members and the industry at large.  AEO membership enables organisers to work with members of its sister organisations, Association of Event Venues (AEV) and Event Supplier and Services Association (ESSA).  

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs