Q1 2024 – Roaring Start for Experiential Budgets
A roaring start to Q1 set the tone, with events and experiences achieving an astonishing 23.1% growth—up from 15.9%—the fastest expansion in the 11-year history of Bellwether data. This unprecedented investment highlights the sector’s unique ability to bring brands and fans together, inviting them to live, breathe, taste, hear, and feel the brand. The ‘why’ rests in consumers’ increasing demand for human connection. As more work and leisure time is spent in the digital world, the desire for thrilling real-world experiences continues to increase, making it an essential channel for brands looking to build powerful audience connections.
Q2 2024 – Summer of Sport
In the second quarter, experiential marketing continued its upward trajectory, with the Bellwether report highlighting a 17.2% increase in events budgets—solidifying its position as a cornerstone in modern marketing strategies. The summer brought a perfect storm of opportunities, as global spectacles like the Paris Olympics and The UEFA European Football Championship gave brands an unmatched stage to build meaningful connections with fans both on-site and online. As the UK advertising industry hit its highest peak in over a decade, the desire for social interaction and in-person connection was resounding. Nancy Cullen, CEO of SpaceandPeople, reflects on the summer of sport and its impact on the experiential industry.
Q1 2024 – Roaring Start
A roaring start to Q1 set the tone, with events and experiences achieving an astonishing 23.1% growth—up from 15.9%—the fastest expansion in the 11-year history of Bellwether data. This unprecedented investment highlights the sector’s unique ability to bring brands and fans together, inviting them to live, breathe, taste, hear, and feel the brand. The ‘why’ rests in consumers’ increasing demand for human connection. As more work and leisure time is spent in the digital world, the desire for thrilling real-world experiences continues to increase, making it an essential channel for brands looking to build powerful audience connections.
Q2 2024 – Summer of Sport
In the second quarter, experiential marketing continued its upward trajectory, with the Bellwether report highlighting a 17.2% increase in events budgets—solidifying its position as a cornerstone in modern marketing strategies. The summer brought a perfect storm of opportunities, as global spectacles like the Paris Olympics and The UEFA European Football Championship gave brands an unmatched stage to build meaningful connections with fans both on-site and online. As the UK advertising industry hit its highest peak in over a decade, the desire for social interaction and in-person connection was resounding. Nancy Cullen, CEO of SpaceandPeople, reflects on the summer of sport and its impact on the experiential industry.
Q3 2024 – Experiential Holds as Budgets Plateau
By Q3, experiential marketing demonstrated its resilience, with companies continuing to prioritise direct customer engagement despite broader economic caution. Events and experiences posted a net balance of +9.9%, holding steady even as overall marketing budgets plateaued. Entertainment and seasonal campaigns took centre stage this quarter. After Barbie painted the world pink, Wicked turned it green, kicking off the festive season in spectacular fashion at St. Pancras International with an 11-metre Christmas tree inspired by the untold story of the witches of Oz. This dazzling installation, complete with 1,000 hand-painted flowers and a glowing yellow brick road, invited visitors to immerse themselves in an Emerald City fantasy. Thanks to tpf, Sky also stood out at Waterloo Station with its Sweetpea campaign, bringing the show’s sweet-but-deadly themes to life through bespoke floral arrangements created by Freddie’s Flowers. These campaigns demonstrate that even in challenging times, experiential marketing remains a vital channel for building connections and energising fans.
Predictions for 2025
As we look to 2025, the outlook remains optimistic, with a net balance of +18.7% of marketers planning to up their event spending further. It’s clear that experiential isn’t just an accessory—it’s at the core of brand strategies aiming to build loyalty through authentic, meaningful interactions. Events and experiences thrived in 2024 because they offered something irreplaceable—the power of shared moments. In a landscape where digital and AI-driven tactics often lead, the simplicity of in-person connection has proven to be a breath of fresh air. Whether through unforgettable pop-ups, intimate brand experiences, or large-scale events, the industry has shown that there is still magic in the tangible. And as brands continue to navigate this evolving marketing landscape, one thing is certain: the future belongs to those who invest in the power of human connection.
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The IPM submits its response to the UK Government’s consultation on the application of zero-hour contracts to agency workers.
Q3 2024 – Experiential Holds as Budgets Plateau
By Q3, experiential marketing demonstrated its resilience, with companies continuing to prioritise direct customer engagement despite broader economic caution. Events and experiences posted a net balance of +9.9%, holding steady even as overall marketing budgets plateaued. Entertainment and seasonal campaigns took centre stage this quarter. After Barbie painted the world pink, Wicked turned it green, kicking off the festive season in spectacular fashion at St. Pancras International with an 11-metre Christmas tree inspired by the untold story of the witches of Oz. This dazzling installation, complete with 1,000 hand-painted flowers and a glowing yellow brick road, invited visitors to immerse themselves in an Emerald City fantasy. Thanks to tpf, Sky also stood out at Waterloo Station with its Sweetpea campaign, bringing the show’s sweet-but-deadly themes to life through bespoke floral arrangements created by Freddie’s Flowers. These campaigns demonstrate that even in challenging times, experiential marketing remains a vital channel for building connections and energising fans.
Predictions for 2025
As we look to 2025, the outlook remains optimistic, with a net balance of +18.7% of marketers planning to up their event spending further. It’s clear that experiential isn’t just an accessory—it’s at the core of brand strategies aiming to build loyalty through authentic, meaningful interactions. Events and experiences thrived in 2024 because they offered something irreplaceable—the power of shared moments. In a landscape where digital and AI-driven tactics often lead, the simplicity of in-person connection has proven to be a breath of fresh air. Whether through unforgettable pop-ups, intimate brand experiences, or large-scale events, the industry has shown that there is still magic in the tangible. And as brands continue to navigate this evolving marketing landscape, one thing is certain: the future belongs to those who invest in the power of human connection.
News
Power Couples: The Art & Science of Brand Partnerships
For our final webinar of the year, the IPM assembles a panel of experts to unravel the art and science of brand partnerships: how to forge them, why they succeed, and what’s next
The Year Experiential Took Centre Stage: Bellwether Report Unwrapped 2024
2024 marks a defining chapter for experiential marketing, its 11th consecutive quarter of growth...
IPM Submits Formal Response to Government Consultation on Zero-Hour Contracts
The IPM submits its response to the UK Government’s consultation on the application of zero-hour contracts to agency workers.