Aefi and tourism: the economic impact

Aefi e turismo
[:it]Aefi e turismo[:]

If the first part of the Roman conference on 7 June, to celebrate the 40th anniversary of Aefi, “Internationalization and tourism: 2 exhibition capitals at the service of Made in Italy”, was dedicated to the presentation of the Prometeia research “The impact of exhibition tourism in Italy”, the second instead concerned Aefi and tourism with the economic impact of trade fair tourism.
A sector that activates in Italy a production value of over 10 billion euros a year, equal to an added value of 4.8 billion euros, with an employment impact estimated at around 90 thousand employees. In other words, every euro spent by visitors to events generates 2.4 euros in production and 1.1 euros in added value for the national tourism economy.

Aefi and tourism: the impact on GDP

To say it again a Prometeia report for the Italian Exhibitions and Fairs Association, which for the first time has carried out a study on the impact of trade fair tourism in Italy. According to the survey, travel linked to the segment triggers an annual expenditure of tourist goods and services of 4.25 billion euros a year (of which 204 million in consumption taxes), creating added value of almost 2 billion euros.
Added to this are 1.5 billion of GDP linked to the indirect impact on companies “upstream” of the tourist supply chain, and an induced benefit (deriving from the consumption of employees in the activated supply chain) equal to another 1.4 billion euros of added value.
A form of travel – the trade fair – which, according to Prometeia estimates, accounts for 4% of the entire “typical” tourist expenditure made in Italy, thanks to the 20 million visitors registered each year (2.5% of the total tourist trips in Italy).
The annual production value of Italian trade fairs stands at 1.4 billion euros, with 3,700 direct employees. There are 267 international events and 264 national/local ones expected in 2023, with visitor flows that should return to pre-pandemic levels (about 20 million certified visitors, of which 1.5 million from abroad). The average stay is almost one night per visitor, which rises to 2.5 nights for foreigners, while the average expenditure is 170 euros per day (235 euros for foreigners).

Aefi and tourism: an unexploited “potential”.

According to Giuseppe Schirone, Prometeia coordinator: “The exhibition industry continuously attracts high-spending tourism with a daily spending budget of exhibition visitors 60% higher than that of the average tourist. Already today it contributes significantly to the overall tourist economy. In terms of employment, for example, 47,000 euros in tourism costs for trade fair visitors corresponds to a job in the national supply chain. And some simulations conducted during the analysis – based on the high estimated multiplier effects – suggest that the “tourist potential” of the fairs is not yet fully exploited”.
“We wanted to map one of the most interesting additional macroeconomic effects with respect to the business at the fair generated by the participating companies. Trade fair tourism is confirmed as a leverage with high added value, capable of growing significantly in direct proportion to the development of our exhibitions, provided that everyone – from administrations to exhibitors – does their part in terms of services, logistics and of hospitality”, is the comment of the president of Aefi, Maurizio Danese.