UK sees 22% growth in Revenue Per Delegate

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Events scene in UK has witnessed remarkable uptick with Revenue Per Delegate for conferences and meetings surging by 22 per cent, climbing to £137.85 from the previous quarter’s £112.95, according to The Business of Events’ Event Economy Tracker Q2 2023. Amidst this backdrop, the average lead time for conferences and meetings in Q2 2023 increased to 80 days from Q1’s 64 days. Though only a fractional rise from Q2 2022’s 77 days, this underlines the departure from the pre-COVID trend observed in 2019 and short lead times remain. Furthermore, the average number of delegates per event has continued to slide and sat at 65 in Q2 2023, down from Q1’s 74.