After the meeting of the Organising Committee of the International Bus and Coach Trade Fair, FIAA 2020, on 26th June, and considering the COVID-19 situation, it was agreed to postpone the next edition of the event. It had been scheduled from 6th to 9th October of this year, but will now take place in March 2021, when the economic and sanitary situation will allow it to be held while ensuring success for participants. The Fair will be held at the IFEMA facilities at Feria de Madrid. FIAA will be the sector's first fair in a year of economic recovery and shared mobility.
We expect the business environment in the last quarter of this year to be more favourable and enable FIAA to be once again the primary meeting point for the bus and coach industry, attracting operators and fleets from more than forty countries. FIAA aims to strengthen its international character, and we are working on an ambitious programme for foreign buyers, to help the Spanish bodywork industry and the major international brands to persify and strengthen their sales.
FIAA will provide a business and sales space that will contribute to relaunching this industry, in a scenario that is forecast to be more favourable by March next year. It is predicted that during the last quarter of 2020 bus travel will recover by up to 70%, consolidating its position by early 2021. Recovery is also expected in the tourism industry, the economy and international travel. And by that time, bodywork businesses and brands will have more new developments than in October, as progress has slowed due to the current situation.
The Fair will also organise the FIAA Summit, in partnership with Spanish industry associations. The Summit is a trade event and a forum for government to meet with bus industry actors.
The FIAA Summit is backed by Spain's Ministry of Industry, Trade and Tourism, and Madrid City Council, as well as industry actors who are members of the event's Organising Committee.
Many of the committee members have expressed their commitment to FIAA 2021 as a fundamental tool for the bus and coach industry.
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