Excel London is projecting its conference and
events business will grow five per cent in 2009, despite the recession.
MD David Pegler tells CN: “We are doing well. 2009 has been a
relatively good year.” He attributes the growth over 2008 in the face of a
recession to “building a good reputation over the past eight years of operation
and more recognition on the international scene. Business from the US now
accounts for 15 per cent of the total conference and events
Pegler says the forward order book on the
conference side “has never been better” with events booked in through to 2017.
“The C&E business,” he says, “has held up better in 2009 than the exhibition
“Our £165m Phase 2 is well under way, on
track and on budget,” says Pegler.
The new development will include an
auditorium able to seat 5,000, with tiered seating. The new structure, which
will increase Excel London’s total hall area by 40 per cent, will also include a
banqueting suite for 3,000 guests.
A new £60m hotel, subject to planning
approval, is to be built on the site, owned and managed by