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
