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Brexit / General Election; what does it mean for the UK conference and events industry ?

September 9, 2019

First off, the fears of doom when Brexit was first placed on the metaphorical table have proved to be misplaced, at least so far. Average Daily Delegate Rates (DDR) rose 3% from January to July, compared to the same period in 2018, according to the mia.

Looking forward things are less clear, first the good (ish) news.

  • Over the last 6 months the pound has fallen by 6% against the euro. UK venues are now 6% cheaper than they were a few months ago. Put another way a £80.00 DDR has fallen by £5 when purchased by a euro buyer!.

Now for the bad news, there’s quite a lot:

In conclusion, scary times. However if you need a venue using a cost effective efficient venues is perhaps more important than ever. Cavendish Conference venues with its 5 venues across Central London is the leading conference and training rooms operator in this space. Operating for 25+ years, functional & sustainable conference venues plus auditorium (s), get in touch and put us to the test.

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