Invest in Russia — invest in Russian regions!
All analytics

Meetings Industry as a Driver of Economic Development. Regional Aspect

Research
8 February 2018
Индустрия встреч как драйвер развития экономики. Региональный аспект
Source
Release date
05/30/2017

Meetings Industry is one of three segments of the event industry, including the organisation of business meetings, with dedicated market participants, goals and objectives, standards, development priorities and communication tools. The meeting in this context means a business event in case of which a certain number of people gather together to discuss or carry out certain activities.


The International Congress and Convention Association ICCA has determined that the congress market is composed of40 million events, 2 billion participants and annual industry revenues of more than €800 billion. According to the ICCA, around 19,000 different events are held around the world by 7,000 international specialist associations on a regular basis. The list of the top five world leaders, where business events are held, remains unchanged: the United States, Germany, UK, France, Spain.

The share of Russia in the world market of international congress events, according to official estimates, is less than 1%. According to the ICCA, Russia ranks 22nd in the European ranking of countries by events held. The first place is occupied by Germany. The total number of congress events held annually in Russia is 12,000 — 13,000.

According to VNITs R&C, Moscow hosts more than 5,000 events annually, St. Petersburg hosts 2,000-3,000 large business events including congresses, conferences, forums, summits. In 2017, VNITs R&C prepared a new project reflecting the level of congress and exhibition potential of the capitals of the SCO member states and the CIS. The international rating covers 15 cities, including the capitals of existing members of international organisations, as well as two countries — India and Pakistan, which will become the SCO official members in the near future.

According to the survey data, the following capitals were included in the top 5 international rating: Beijing, Moscow, Kiev, New Delhi, and Astana.

Anlytics on the topic

All analytics
Research
12 February 2019
Russian Infrastructure: Development Index

In this report the investment company InfraONE aggregates publicly available statistics on the quantity and quality of transportation, energy, social, housing and utilities, and telecommunications infrastructure and converts these data into an integrated index which reflects the state of these facilities and the level of their development in various regions of Russia.

Research
30 July 2018
Qingdao Declaration of the Council of Heads of State of Shanghai Cooperation Organisation

Qingdao Declaration was adopted on June 10, 2018 following the meeting of the Council of Heads of State of SCO in Qingdao, China. The Declaration is designed to resolve key issues in political, security, economic, cultural, and humanitarian areas and is aimed at expanding multifaceted cooperation.

Analytical digest
5 February 2019
Creating the Future: The Role of Professional Communities in Development of the Event Industry

The theme of Open to the World, the fourth special edition of the Russian Convention Bureau, is the role of professional communities in the development of the event industry, including their positive impact on infrastructure and the image of countries, regions, and cities.