Too Kind Studio
  • Home
  • Education
    • Education

      5 Terrific Reasons to Become a Police Officer

      Education

      Why Radiology Continuing Education Is Important

      Education

      What Are the Career Benefits of Getting a Master’s College Degree?

      Education

      A Basic Guide to Starting a Private School

      Education

      Things You Should Know About Retaking GCSE Exams 2022

  • Health
    • Health

      Why You Should Hire a Lawyer After a Traumatic Brain Injury

      Health

      Overcoming Challenges of Being a Working Nursing Mom

      Health

      How Can You Live a Happy and Healthy Life?

      Health

      How to Receive VA Personal Injury Compensation Benefits

      Health

      Why might a career transition be right for you?

  • Technology
    • Technology

      Importance of Video Surveillance Services to a Business

      Technology

      Picking the Right Acoustic Panels

      Technology

      What Programing Language Should I Learn?

      Technology

      Single Board Computers: Benchmarks to Consider

      Technology

      Reasons why one should hire professionals for AC repairing and maintenance

  • Games
    • Games

      Casinos Near Me With Slot Machines: How To Play Slot Machines

      Games

      How to Play Casino Games Online: A Guide

      Games

      Live Blackjack: How To Play Blackjack

      Games

      5 Important Tips for Betting on Soccer

      Games

      Card Game

  • Softwares
    • Softwares

      How to Manage Stress at Work

      Softwares

      Microsoft Office Specialist Certification: What You Need to Know

      Softwares

      Cost And Features To Develop Clinic Management Software

      Softwares

      What Is PLC Programming? A Tech Guide for Newbies

      Softwares

      Microsoft Teams vs Slack: Which Is Right for Your Office?

  • Travel
    • Travel

      What Is a Timeshare? The Pros and Cons

      Travel

      Why You Should Hire a Photographer While On Vacation

      Travel

      7 Cool Places for Food Lovers to Visit in London

      Travel

      The Complete Guide to Selecting a Cruise for Your Next Vacation

      Travel

      Essential Requirements for Pilot Training

  • Lifestyle
    • Lifestyle

      The Best Ways to Style an Antique Fireplace This Winter

      Lifestyle

      The Best of the Best: Top Things to Do in NYC This…

      Lifestyle

      How to Manage Anxiety

      Lifestyle

      4 Ways to Improve Your Car’s Performance

      Lifestyle

      Fantastic Tips to Lead a Happy Life

  • Food
    • Food

      5 Delicious Food Cuisines Everybody Should Try Atleast Once

      Food

      What Are the Different Types of Ham That People Love to Eat?

      Food

      Brats vs Hot Dogs: What Are the Differences?

      Food

      Holistic Treasures: A Guide to Healthy Sea Moss Benefits

      Food

      What Are the Health Benefits of Cheese?

  • Fashion
  • News

Why Your Business Needs to Hire a Lawyer

How to Choose the Best Divorce Attorney

Why You Should Hire a Lawyer After a Traumatic Brain Injury

5 Signs That You Can Benefit From a Probate Lawyer

Medical Assistants: The Benefits of Becoming a Medical Assistant

Overcoming Challenges of Being a Working Nursing Mom

5 Terrific Reasons to Become a Police Officer

4 Benefits of Undergraduate Research

3 Event Planning Tips You Need to Create a Perfect Wedding

What Is a Timeshare? The Pros and Cons

Health

How is the Indian Event Industry Tackling COVID-19?

by Michael George May 29, 2020
written by Michael George May 29, 2020

COVID-19. A word that instils anxiety in our minds. And rightly so, as this pandemic has disrupted entire businesses and livelihoods, and brought about the loss of countless lives. The entire spectrum of M.I.C.E (meetings-incentives-convention-exhibition), as they call it, is a $1,000 Bn market, which has been impacted by COVID-19 in ways unimaginable. The ambit of job losses and process disruption extends to entertainment-based events such as live concerts, sports meets, religious events, and award ceremonies. In this piece, let us try and understand the impact that Covid-19 has had on such a large industry.

The First Tremors in the Event Arena

The first big shock came in February, when one of the most anticipated global events, the World Cup, announced its cancellation. Thousands of events, belonging to 22 different categories, were cancelled in early February, as the virus began to spread worldwide. By mid-March, it was taking its toll on the industry and we had more than 1000 cancellations in the event sector. Even the best event apps were struggling to stay relevant.

Indeed, some events planned for the end of the year have already been postponed to 2021, and complete recovery is not expected until at least the end of August. In India, a survey of more than 1,000 event experts conducted jointly by GoI and Ernst & Young suggests that the Indian event and exhibition sector is likely to experience an INR 1 trillion hit, with more than half of all events in the country’s top 10 event categories postponed or cancelled due to the outbreak.

MNs and many event experts have personally witnessed the job losses, but the impact of cancellations on businesses and events has been significant.

How Divergent Sub-Sectors Were Impacted

  1. Exhibitions/Fairs

Exhibitions and fairs alone account for more than 40% of the total annual income of India. When it comes to events, there is a huge conglomerate of buyers and sellers, which brings strong business to venues and convention centres. A large part of the suppliers “revenue comes from sponsorship and exhibitor participation, and the MICE sector will be hardest hit by the coronavirus ban.

  1. Sports/Tourism/Entertainment

In the Sports sector, some leagues have cancelled their events, such as the Indian Premier League (IPL) and the National Football League. Events supporting tourism and the regional economy have also been cancelled, with this year’s most recent example being Dubai Expo 2020, originally scheduled for October 2020.

These cancellations have resulted in a huge loss for the sector, given the investment involved, the huge returns associated with these events and the annual revenue generated by the IPL.

Navigating the Way Forward

The organisation of in-person events is unlikely to start before June or July, and even then there will be mandatory multiple authorisations, which may involve a lot of paperwork and therefore, lead to limited versions of the events originally planned. State standards will now govern the use of video conferencing equipment for internal and public meetings. To try to carry out these operations effectively, companies need to deploy them effectively and promptly.

We have already seen MNCs like Facebook and IBM work on live virtual conferences, and now companies are digitizing physical events and launching fast. At present, the need to maintain these activities, especially in the corporate segment, plays a key role in their business model. The event industry in India, with its large number of events, is experiencing an unprecedented increase in demand.

In order to make the best out of the current scenario, free event registration apps are going virtual. With the aid of state-of-the-art technological adages, event organizers are able to host conferences, seminars, classes, and so on, while creating virtual rooms for individuals hailing from different parts of the world. While these efforts are being eked out to keep operations running, perceptive virtual event platforms are already designing virtual event features that will be able to cater to the intricacies of events in a post-COVID world.

In the future, there may be a hybrid approach that balances offline and online events, but it will not be until two or three months from now, that we will have a better understanding of the entire scenario. While we understand that the show must go on, let us keep the safety and security of people in mind, and make the best out of virtual events in the meanwhile. Till then, stay safe!

0 comment
0
FacebookTwitterPinterestEmail
Michael George

previous post
Top 10 essential Kathak dance accessories
next post
How Your E-commerce Business Can Start Accepting Online Payments Easily

Related Posts

Why You Should Hire a Lawyer After a...

January 24, 2023

Overcoming Challenges of Being a Working Nursing Mom

January 11, 2023

How Can You Live a Happy and Healthy...

January 1, 2023

How to Receive VA Personal Injury Compensation Benefits

December 29, 2022

Why might a career transition be right for...

November 28, 2022

5 Eye Care Tips to Help Protect Your...

November 25, 2022

Top Tips on How to Achieve a Better...

November 24, 2022

A Guide To Better Sleep

November 23, 2022

Feeling Alone and Depressed? 4 Steps You Can...

October 22, 2022

A Guide to Your Mental Health and Your...

October 21, 2022

Leave a Comment Cancel Reply

You must be logged in to post a comment.

Posts Slider

Why Your Business Needs to Hire a Lawyer

January 25, 2023

How to Choose the Best Divorce Attorney

January 25, 2023

Why You Should Hire a Lawyer After a...

January 24, 2023

5 Signs That You Can Benefit From a...

January 18, 2023

Medical Assistants: The Benefits of Becoming a Medical...

January 16, 2023

Recent Posts

  • Why Your Business Needs to Hire a Lawyer
  • How to Choose the Best Divorce Attorney
  • Why You Should Hire a Lawyer After a Traumatic Brain Injury
  • 5 Signs That You Can Benefit From a Probate Lawyer
  • Medical Assistants: The Benefits of Becoming a Medical Assistant

Related Posts

  • Why You Should Hire a Lawyer After a Traumatic Brain Injury

    January 24, 2023
  • Overcoming Challenges of Being a Working Nursing Mom

    January 11, 2023
  • How Can You Live a Happy and Healthy Life?

    January 1, 2023
  • How to Receive VA Personal Injury Compensation Benefits

    December 29, 2022
  • Why might a career transition be right for you?

    November 28, 2022

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Subscribe Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Pinterest
  • Linkedin
  • Tumblr
  • Youtube
  • Github
  • Reddit
  • Privacy Policy
  • Terms & Conditions
  • About
  • Contact

@2020 - 2022 . Too Kind Studio. All Right Reserved.

Too Kind Studio
  • Home
  • Education
    • Education

      5 Terrific Reasons to Become a Police Officer

      Education

      Why Radiology Continuing Education Is Important

      Education

      What Are the Career Benefits of Getting a Master’s College Degree?

      Education

      A Basic Guide to Starting a Private School

      Education

      Things You Should Know About Retaking GCSE Exams 2022

  • Health
    • Health

      Why You Should Hire a Lawyer After a Traumatic Brain Injury

      Health

      Overcoming Challenges of Being a Working Nursing Mom

      Health

      How Can You Live a Happy and Healthy Life?

      Health

      How to Receive VA Personal Injury Compensation Benefits

      Health

      Why might a career transition be right for you?

  • Technology
    • Technology

      Importance of Video Surveillance Services to a Business

      Technology

      Picking the Right Acoustic Panels

      Technology

      What Programing Language Should I Learn?

      Technology

      Single Board Computers: Benchmarks to Consider

      Technology

      Reasons why one should hire professionals for AC repairing and maintenance

  • Games
    • Games

      Casinos Near Me With Slot Machines: How To Play Slot Machines

      Games

      How to Play Casino Games Online: A Guide

      Games

      Live Blackjack: How To Play Blackjack

      Games

      5 Important Tips for Betting on Soccer

      Games

      Card Game

  • Softwares
    • Softwares

      How to Manage Stress at Work

      Softwares

      Microsoft Office Specialist Certification: What You Need to Know

      Softwares

      Cost And Features To Develop Clinic Management Software

      Softwares

      What Is PLC Programming? A Tech Guide for Newbies

      Softwares

      Microsoft Teams vs Slack: Which Is Right for Your Office?

  • Travel
    • Travel

      What Is a Timeshare? The Pros and Cons

      Travel

      Why You Should Hire a Photographer While On Vacation

      Travel

      7 Cool Places for Food Lovers to Visit in London

      Travel

      The Complete Guide to Selecting a Cruise for Your Next Vacation

      Travel

      Essential Requirements for Pilot Training

  • Lifestyle
    • Lifestyle

      The Best Ways to Style an Antique Fireplace This Winter

      Lifestyle

      The Best of the Best: Top Things to Do in NYC This…

      Lifestyle

      How to Manage Anxiety

      Lifestyle

      4 Ways to Improve Your Car’s Performance

      Lifestyle

      Fantastic Tips to Lead a Happy Life

  • Food
    • Food

      5 Delicious Food Cuisines Everybody Should Try Atleast Once

      Food

      What Are the Different Types of Ham That People Love to Eat?

      Food

      Brats vs Hot Dogs: What Are the Differences?

      Food

      Holistic Treasures: A Guide to Healthy Sea Moss Benefits

      Food

      What Are the Health Benefits of Cheese?

  • Fashion
  • News

Porn Online

  • xxx porno
  • videos de sexo anal
  • filme porno