Size of Market Sector
Recent surveys of UK conference venues have found that a third of conference bookings were made by PCOs or venue-finding agencies. In 2006 UK-based conferences generated £7.6 billion in direct sales giving PCOs a central role in some £2.5 billion of revenue generation. The UK is ranked second behind the US for global market share of conferences. Thus, although there is no one source of global statistics for the conference market it appears that PCOs play a central role in several billion dollars worth of revenue generation worldwide.
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