The predictions were made at a Britain for Events industry reception, held at The Mermaid at Blackfriars London last night (19 October).
Michael Hirst, chair of the Business Visits and Events Partnership, said the estimated value of the events industry had now risen from just over £39.1bn to £42.3bn, with the help of attendances and spend at conferences, music festivals and the Rugby World Cup.
"In the first half of this year, business visits have been the best performing sector of the visitor economy. In the last published ONS figures to June, business visits were up by 11.5% year on year," he added. "All of this not only contributes to the economy but to the community as well. In the destinations across Britain that stage events, there are the benefits of employment, regeneration, inward investment, trade development, knowledge exchange as the industry’s creativity and unrivalled expertise generates business, educational, recreational and social opportunities."
• For more breaking news and in-depth features, sign up to C&IT Magazine's daily Newstracker herecomments powered by Disqus