Conferencing upturn boosts events business

A MIDLANDS-based corporate events specialist has seen a 150% increase in turnover on last year after a pick-up in the conferencing sector.

TMG Events, of Leamington Spa, saw a surge in business between March and May 2010 as businesses began to increase the number of events and conferences they were looking to hold.

The firm said a number of companies had invested in UK-based events, while other popular locations included Paris, Venice and Budapest.

TMG has strengthened its operational and sales team on the basis of the pick-up and is hoping it can sustain the upturn for the remainder of this year.

Sophie Moseley, of TMG Events, said: “The figures we are seeing are very encouraging. Normally, an increase in corporate event and conference activity is an indicator of how the economy is standing – and so we hope these levels of activity are maintained.

“We are finding that we have been working on enquiries for work both existing clients and completely new ones.”

She said the type of events the firm had been managing were in-keeping with traditional locations, including those across the UK and then Paris, Venice and other major European venues.

“But we’re also seeing a return to longer haul destinations including Las Vegas, which shows money is coming back into the market,” she added.

“It’s a boost for the whole of the Travel Management Group to see such positive figures and the key will be to build on that throughout the rest of this year, and into 2011.”