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FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

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Home›Macau›MICE exhibitions lose MOP810,000 in Q2
Stats

MICE exhibitions lose MOP810,000 in Q2

By -
Friday, August 26, 2022
113
0

Receipts of exhibition organisers in Q2 dropped by 29.4% year-on-year to MOP6.98 million, of which 80.5% were generated from rental of exhibition booths and 19.0% were financial support from government/organisations. 

Data from the Statistics and Census Service (DSEC) showed expenditure of these exhibitions fell by 33.8% to MOP6.47 million, with the majority being spent on production, installation & decoration (41.1% of total), followed by publicity & public relations (25.6%) and rent paid for the venue (16.3%).

After excluding financial support from government or organisations, these exhibitions recorded a loss of MOP810,000 in the second quarter.

A total of 91 MICE events were held in Macau in the second quarter of 2022, a decrease of 56 year-on-year; the number of participants and attendees dropped by 4.0% to 306,000.

Amid the pandemic and the city’s strict border restrictions, the majority of the MICE events that were held had online elements and therefore reached a bigger crowd. 

The figures were far from pre-pandemic levels, when a total of 377 MICE events were held in the first quarter of 2019, including 362 meetings & conferences, 10 exhibitions and five incentives.

In the first half of 2022, a total of 188 MICE events were held, a drop of 27 year-on-year; albeit from a low base. LV

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