What will be the Future of the Event Industry?
The event Industry has not healed from the first wave of the Covid-19 pandemic and now the second wave came. People in the event industry facing more problems than any other industry people do. Most of the event management company switches their real/physical events into virtual and hybrid events.
Unemployment/Half salary:
The rate of unemployment is increasing day by day with this pandemic. Employees are working on 40% or 50% salary. Industry people know that online events or hybrid events are not going to fulfill their requirements. This will become more serious in the upcoming time.
Competitors:
Currently, all types of industry markets are down and everybody is looking for some work. They are ready to work at any price and result that many other companies did not get any events or any lead. People are looking for organizing functions at cheap and relevant prices.
New Future, of Event Industry:
We must be prepared to adopt this futuristic platform and, more significantly, respond to the newfound demands of a hybrid or interactive case, whether it is an immediate remedy or a long-term alternative. There are a lot of unknowns when it comes to the event business. However, one thing is certain: hybrid and interactive events are the way of the future.
Since mass rallies are one of the tested vectors for this coronavirus, many people will soon be skeptical about holding conferences. While the timeframe for regeneration is not yet optimistic, the events market cannot stay frozen. Thus, the industry’s near future is smaller gatherings for a manageable public.
https://www.planotechmediahouse.com/covid-19-update-new-coronavirus-cases-in-india/
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