Business events activity slowed down

The Ministry of Business, Innovation and Employment (MBIE) released the results of the Convention Activity Survey for the year ended June 2018 today. The Convention Activity Survey monitors and benchmarks the performance of more than 300 professional conferencing and meeting venues in New Zealand.

Highlights from the year to June 2018 include:
The number of business events decreased 6 percent to 45,400 – from 48,500 in previous (June 2017) year.

The number of delegates decreased 2 percent to 3.66 million – from 3.74 million in previous year.

The total number of delegate days decreased 1 percent to 4.52 million – from 4.54 million in previous year.

The slowdown of the business events activity was mainly driven by the decline of meetings and seminars events activity – the number of meeting and seminar events decreased 7 percent from 32,400 to 30,200, delegates decreased 6 percent from 1.66 million to 1.55 million, and delegate days decreased 5 percent from 1.88 million to 1.79 million, compared to June 2017 year.

The conference and convention events activity also contributed to the slowdown of the business events activity – the number of conference and convention events decreased 3 percent from 5,300 to 5200, delegates decreased 7 percent from 598,100 to 558,000, and delegate days dropped 2 percent from 1.02 million to 1 million, compared to June 2017 year.

Auckland's market share for multi-day meetings and seminars increased – Auckland hosted the largest proportion of multi-day meetings and seminars, with the market share increasing to 39 percent from 36 percent in previous year. It generated 38 percent of total multi-day meetings and seminars delegate days in the June 2018 year.

Read the full report on MBIE's website
Business events activity slowed down