Event organisers facing a tough year.

(From The Nation (Thailand))

Byline: The Nation.

Event organisers are bracing for fiercer competition next year as the economy is expected to slow down as clients tighten their purse strings.

The downbeat economic outlook calls for different approaches from the big players in the industry.

Sermkhun Kunawong, CEO of CM Organiser (CMO), said that instead of aggressive expansion, the company would focus on restructuring itself and beefing up its technology and equipment rental arm, PM Centre. The company has exceeded its estimated growth by 8 per cent.

This year, CMO expects to grow more than 20 per cent to Bt700 million in revenue. …