Too Kind Studio
  • Home
  • Education
    • Education

      How Java Assignment Help Can Assist Programming Students?

      Education

      MBBS Colleges in India – Check Rank, NEET Cutoffs & Fees before…

      Education

      Methods that you can apply for enhancing your writing skills

      Education

      Why do students face difficulty while working with their assignments?

      Education

      Top CBSE schools in Hyderabad

  • Health
    • Health

      12 Ingredients That Increase Libido And Erection!

      Health

      The Best Web-Based Therapy

      Health

      Find your favorite online therapy treatment at an affordable price

      Health

      4 Tips on Finding the Best Elder Home Care Service

      Health

      ERECTION PROBLEMS AFTER 50. a way to IMPROVE POTENCY in an exceedingly…

  • Technology
    • Technology

      Is Netflix Different in Different Countries?

      Technology

      How Expansion Joint Cab reduce The Vibrations?

      Technology

      Tips for Exceptional Voice Recognition Interface Designing

      Technology

      7 Packaging Tips to Increase your Sales and Brand Image

      Technology

      HONOR 20 Reviews and Features

  • Games
    • Games

      Lawsuit claims Fifa uses dynamic difficulty to sell more loot boxes

      Games

      How to Clean A Ping Pong Paddle Rubber with Alcohol?

      Games

      A Lucky Player Won a Prize of 6,870,000 ₽ at Shangri La…

      Games

      Tips on Enjoy Sports Toto Site Food Verification and Learn about Casino…

      Games

      Online Poker and Its Benefits – Your Quick Guide

  • Softwares
    • Softwares

      What is Email Verification & How to Know If an Email is…

      Softwares

      5 Tips for Improving Your Web Development Skills

      Softwares

      5 Common Network Errors on Windows

      Softwares

      What Are SSL Certificates for Sub-Domains and How to Use Them?

      Softwares

      The ways Azzure Apps can Help Businesses to Develop in the Future

  • Travel
    • Travel

      7 most important tips for the people to stay safe in the…

      Travel

      8 Most Popular Reasons to Hire an SUV for Your Business

      Travel

      AQUARIUM DUBAI MALL Fun with Desert Safari

      Travel

      Aspects to Check While Renting a Boat in Sydney Harbour

      Travel

      5 Things to do in Varna

  • Lifestyle
    • Lifestyle

      Want to create colorful memories with Mother’s Day flower delivery?

      Lifestyle

      5 Ways To Stay Motivated In Bad Time Of Life

      Lifestyle

      Flowers can express emotions!

      Lifestyle

      Types of Prayer Requests You Can Send Online

      Lifestyle

      Things to Consider before Buying K-beauty Products

  • Food
    • Food

      TOP BRAND OF THE STRONGEST COFFEE BEANS

      Food

      Reason To Try Thai Foods

      Food

      How To Get Free Lunch Delivery

      Food

      Top Unexpected and Unusual Baking Ingredients

      Food

      Homemade Cookies Are The First Choice Of Everyone – Make Them More…

  • Fashion
  • News
Too Kind Studio
  • Home
  • Education
    • Education

      How Java Assignment Help Can Assist Programming Students?

      Education

      MBBS Colleges in India – Check Rank, NEET Cutoffs & Fees before…

      Education

      Methods that you can apply for enhancing your writing skills

      Education

      Why do students face difficulty while working with their assignments?

      Education

      Top CBSE schools in Hyderabad

  • Health
    • Health

      12 Ingredients That Increase Libido And Erection!

      Health

      The Best Web-Based Therapy

      Health

      Find your favorite online therapy treatment at an affordable price

      Health

      4 Tips on Finding the Best Elder Home Care Service

      Health

      ERECTION PROBLEMS AFTER 50. a way to IMPROVE POTENCY in an exceedingly…

  • Technology
    • Technology

      Is Netflix Different in Different Countries?

      Technology

      How Expansion Joint Cab reduce The Vibrations?

      Technology

      Tips for Exceptional Voice Recognition Interface Designing

      Technology

      7 Packaging Tips to Increase your Sales and Brand Image

      Technology

      HONOR 20 Reviews and Features

  • Games
    • Games

      Lawsuit claims Fifa uses dynamic difficulty to sell more loot boxes

      Games

      How to Clean A Ping Pong Paddle Rubber with Alcohol?

      Games

      A Lucky Player Won a Prize of 6,870,000 ₽ at Shangri La…

      Games

      Tips on Enjoy Sports Toto Site Food Verification and Learn about Casino…

      Games

      Online Poker and Its Benefits – Your Quick Guide

  • Softwares
    • Softwares

      What is Email Verification & How to Know If an Email is…

      Softwares

      5 Tips for Improving Your Web Development Skills

      Softwares

      5 Common Network Errors on Windows

      Softwares

      What Are SSL Certificates for Sub-Domains and How to Use Them?

      Softwares

      The ways Azzure Apps can Help Businesses to Develop in the Future

  • Travel
    • Travel

      7 most important tips for the people to stay safe in the…

      Travel

      8 Most Popular Reasons to Hire an SUV for Your Business

      Travel

      AQUARIUM DUBAI MALL Fun with Desert Safari

      Travel

      Aspects to Check While Renting a Boat in Sydney Harbour

      Travel

      5 Things to do in Varna

  • Lifestyle
    • Lifestyle

      Want to create colorful memories with Mother’s Day flower delivery?

      Lifestyle

      5 Ways To Stay Motivated In Bad Time Of Life

      Lifestyle

      Flowers can express emotions!

      Lifestyle

      Types of Prayer Requests You Can Send Online

      Lifestyle

      Things to Consider before Buying K-beauty Products

  • Food
    • Food

      TOP BRAND OF THE STRONGEST COFFEE BEANS

      Food

      Reason To Try Thai Foods

      Food

      How To Get Free Lunch Delivery

      Food

      Top Unexpected and Unusual Baking Ingredients

      Food

      Homemade Cookies Are The First Choice Of Everyone – Make Them More…

  • Fashion
  • News

Is Netflix Different in Different Countries?

How Expansion Joint Cab reduce The Vibrations?

7 most important tips for the people to stay safe in the...

How SEO Services Can Boost Your Sales And Revenue Targets?

Lawsuit claims Fifa uses dynamic difficulty to sell more loot boxes

What Kinds of Virtual Live Acts Would Your Employees Like?

How Modern Landscaping Ideas & Exterior Garden Design are Changing Everything?

Want to create colorful memories with Mother’s Day flower delivery?

How Java Assignment Help Can Assist Programming Students?

Tips for Exceptional Voice Recognition Interface Designing

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

12 Ingredients That Increase Libido And Erection!

December 31, 2020

The Best Web-Based Therapy

December 30, 2020

Find your favorite online therapy treatment at an...

December 29, 2020

4 Tips on Finding the Best Elder Home...

December 27, 2020

ERECTION PROBLEMS AFTER 50. a way to IMPROVE...

December 22, 2020

How to Get More Energy During the Day

December 21, 2020

What are Microbladed Tattoos?

December 13, 2020

Why face wash with NEEM extract is good...

December 9, 2020

Why do nutritionists say to drink coffee!

December 5, 2020

Why Having the Right Mindset Prepares You For...

December 3, 2020

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Keep in touch

Facebook Twitter Instagram Youtube Snapchat Github Twitch RSS

Editors’ Picks

  • Is Netflix Different in Different Countries?

  • How Expansion Joint Cab reduce The Vibrations?

  • 7 most important tips for the people to stay safe in the hotels

  • How SEO Services Can Boost Your Sales And Revenue Targets?

  • Lawsuit claims Fifa uses dynamic difficulty to sell more loot boxes

  • What Kinds of Virtual Live Acts Would Your Employees Like?

  • How Modern Landscaping Ideas & Exterior Garden Design are Changing Everything?

  • Want to create colorful memories with Mother’s Day flower delivery?

Newsletter

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

Recent Posts

  • Is Netflix Different in Different Countries?

    January 5, 2021
  • How Expansion Joint Cab reduce The Vibrations?

    January 5, 2021
  • 7 most important tips for the people to stay safe in the hotels

    January 5, 2021
  • How SEO Services Can Boost Your Sales And Revenue Targets?

    January 5, 2021
  • Lawsuit claims Fifa uses dynamic difficulty to sell more loot boxes

    January 5, 2021

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

@2020 - Too Kind Studio. All Right Reserved. Designed and Developed by Daksha Doer