UK Events Industry: A Vital Economic Powerhouse in 2024
The UK’s events industry, represented by UKEVENTS, is celebrating the release of its *UK Events Report 2024*. Compiled by Great Potential Consultancy, this report underscores the sector’s critical economic impact, contributing an impressive £61.653 billion annually. This figure not only highlights the industry's resilience post-COVID-19 but also its role as a pillar of economic recovery, social enrichment, and cultural vibrancy.
The report outlines how various sectors within the events industry drive substantial revenue:
- Corporate events (including conferences, trade shows, and product launches) make the largest contribution at £33.6 billion.
- Leisure and outdoor events (such as music festivals, sporting events, and cultural festivals) add £28.053 billion to the economy.
Additionally, employment trends in the industry have evolved, with more freelance roles and a stabilisation in salaries after a spike in demand for talent. As the industry looks to the future, it remains committed to fostering growth and innovation across the UK, contributing in both financial and cultural dimensions.
Find the full report here
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