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Published by: Key Note Publications Ltd
Published: Dec. 1, 2007 - 95 Pages
Table of Contents
- Executive Summary
- 1. Market Definition
- REPORT COVERAGE
- MARKET SECTORS
- MARKET TRENDS
- Experiential Marketing
- Sports-Venue Hotels
- Table 1: Forecast Key UK Sports Venues with Hotels (number and %), 2016
- Figure 1: Forecast Proportion of Key UK Sports Venues with Hotels (%), 2016
- Sustainability
- ECONOMIC TRENDS
- Population
- Table 2: UK Resident Population Estimates by Sex (000), Mid-Years 2002-2006
- Gross Domestic Product
- Table 3: UK Gross Domestic Product at Current and Annual Chain-Linked Prices (£m), 2002-2006
- Inflation
- Table 4: UK Rate of Inflation (%), 2002-2006
- Unemployment
- Table 5: Actual Number of Unemployed Persons in the UK (million), 2002-2006
- Household Disposable Income
- Table 6: UK Household Disposable Income Per Capita (£), 2002-2006
- MARKET POSITION
- The UK
- Overseas
- Table 7: Most Frequently Travelled to Business Travel Destinations (% of respondents), 2005/2006 and 2006/2007
- Table 8: Overseas Residents' Business Visits to Great Britain (number of visits), 2005 and 2006
- 2. Market Size
- THE TOTAL MARKET
- Introduction
- Outsourced Catering
- Ticket Sales
- Market Size
- Table 9: The Total UK Corporate Hospitality Market by Value at Current Prices (£m), 2002-2006
- Table 10: Attendance at the RSVP Trade Show (number), 2006 and 2007
- BY MARKET SECTOR
- Spectator Events
- Participation Events
- Prestigious Events
- International Events
- 3. Industry Background
- RECENT HISTORY
- Recent Sporting Events
- A Health-Conscious Approach
- NUMBER OF COMPANIES
- REGIONAL VARIATIONS IN THE MARKETPLACE
- DISTRIBUTION
- HOW ROBUST IS THE MARKET?
- LEGISLATION
- Ticketing
- Corporate Manslaughter Act
- KEY TRADE ASSOCIATIONS
- Eventia
- Other Associations
- Association of Secondary Ticket Agents
- British Hospitality Association
- The Chartered Institute of Purchasing & Supply
- Hotel Bookings Agents Association
- Meetings Industry Association
- Meeting Professionals International
- National Arenas Association
- Society of Ticket Agents & Retailers
- 4. Competitor Analysis
- THE MARKETPLACE
- MARKET LEADERS
- Table 11: Top 15 Corporate Hospitality Companies in the UK by Turnover (£000), Latest Financial Year
- Sodexho Prestige Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- P&MM Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Compass Group Holdings PLC
- Company Structure
- Current and Future Developments
- Financial Results
- Arena Event Services Group Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Seatem Theatre, Sport and Concert Tickets (UK) Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- World Events Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- THA Group Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Zibrant Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Skybridge Group PLC
- Company Structure
- Current and Future Developments
- Financial Results
- The Mike Burton Group Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Other Companies
- BI Worldwide Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- Ambro Sports and Events Ltd
- Company Structure
- Current and Future Developments
- Financial Results
- VENUES
- The Brit Oval, London
- Emirates Stadium, London
- Hampden Park, Glasgow
- Sophia Gardens, Cardiff
- Twickenham Stadium, London
- Wembley Stadium, London
- MARKETING ACTIVITY
- Awards
- Eventia Awards
- Trade Publications
- Conference & Incentive Travel
- Event
- ITCM (Inventive Travel & Corporate Meetings)
- Meetings & Incentive Travel
- RSVP
- Trade Shows
- National Meetings Week
- 5. Strengths, Weaknesses, Opportunities and Threats
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
- 6. Buying Behaviour
- PROCUREMENT
- 7. Current Issues
- MAJOR INDUSTRY ISSUES
- 8. The Global Market
- LEADING DESTINATIONS
- 9. Forecasts
- INTRODUCTION
- The Economy
- Population
- Table 12: Forecast UK Resident Population by Sex (000), Mid-Years 2007-2011
- Gross Domestic Product
- Table 13: Forecast UK Growth in Gross Domestic Product in Real Terms (%), 2007-2011
- Inflation
- Table 14: Forecast UK Rate of Inflation (%), 2007-2011
- Unemployment
- Table 15: Forecast Actual Number of Unemployed Persons in the UK (million), 2007-2011
- FORECASTS 2007 TO 2011
- Table 16: The Forecast Total UK Corporate Hospitality Market by Value at Current Prices (£m), 2007-2011
- MARKET GROWTH
- Figure 2: Growth in the Total UK Corporate Hospitality Market by Value at Current Prices (£m), 2002-2011
- FUTURE TRENDS
- Corporate Social Responsibility
- Measurable Return on Investment
- Competition from Overseas
- 10. Company Profiles
- Compass Group Holdings PLC
- Motivcom PLC
- Seatem Theatre, Sport And Concert Tickets (uk) Ltd
- Sodexho Prestige Ltd
- World Events Ltd
- 11. Further Sources
- Associations
- Publications
- Government Publications
- Other Sources
- Bisnode Sources
AbstractThe corporate hospitality market is served by a wide range of different agencies: contract caterers; ticketing agencies; event management and corporate communications agencies; and by the event and venue owners themselves. Sports events continue to be the most popular for corporate entertainment, with participatory events more often used as corporate team-building events. Corporate hospitality itself ranges in scope from a private box at a football match to custom-built hospitality accommodation, complete with audio-visual displays and interactive technology to enhance the client's experience of both the hospitality and the event.
Sodexho, one of the prime providers of corporate hospitality, reported that there had been no downturn in its sales since the last edition of this report was published (November 2006). In addition, according to the Barclaycard Business Travel Survey and the International Passenger Survey, business travel has increased, despite some economic uncertainty in the wider marketplace. Although corporate hospitality is difficult to quantify owing to the disparate nature of the market, Key Note estimates that, in 2006, revenues earned from corporate hospitality increased by 9.7%, to £1.2bn.
Changes are beginning to be felt as pressure to make events more sustainable is increasing and, on the catering side, there is pressure to provide healthier eating options. The leading contract caterers are addressing these issues by sourcing food closer to home and altering their cooking methods. At its annual conference held in July 2007, Eventia, the trade association body representing the meetings, incentives, conferences and events (MICE) market as a whole, launched a carbon-reduction programme for its members.
There has been some consolidation in the marketplace: Quintus Group, the UK corporate hospitality agency formed by two former IMG executives, was acquired by IMG in April 2007. IMG owns the catering and facilities management contracts for both the new Wembley Stadium and the new Arsenal Emirates stadium. Two Leicester agencies also merged to broaden their scope and increase their global offerings.
There are several issues of concern to the industry. The ability to prove that investment on corporate hospitality expenditure yields a measurable return has long eluded those responsible for buying it. As procurement and centralised buying become more important to organisations, this debate continues.
Commoditised buying does not lend itself readily to environmental and sustainability issues: this is a subject that will continue to exercise the industry for some time to come. As the London 2012 Olympic Games approach, an already attractive UK market will see further interest from overseas companies keen to increase their share of the UK market. With the type of buying power these companies have, the embryonic carbon-offsetting and sustainable food-sourcing programmes now being put in place could be challenged.
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