New variants and continued uncertainty around travel mean that a destination’s local intellectual capital will remain a key criterion for selection. Destinations with a strong reputation within a given industry will become a hub for that industry’s events.
9 Key Stats That Define the Event Industry Right Now
With in-person events taking place right now across the United States and Europe, it's important to monitor the current opportunities and challenges facing event professionals. These nine stats are based on fresh data from our own survey and represent the most up-to-date industry data right now.
What Lies Beyond the Peak for Virtual Events
While the pandemic forced users across the globe to flock to virtual events, the peculiar context motivating this massive influx of revenue has left virtual event tech vendors struggling as the need for virtual declines. As a result, establishing realistic business expectations for 2022 and beyond is an entirely new and unpredictable challenge.
What Eventbrite’s Latest Results Say About the Future of the Event Industry
Eventbrite continues to operate at a net loss. However, its financial outlook has significantly improved. Despite the latest Covid-related cancelations the company is confident that its strong execution and improved operating model will enable it to progress toward profitability.
Hopin Raises New $450 Million Round of Funding
Virtual event unicorn Hopin has announced a fresh investment of $450 million in Series D funding. Hopin has now raised more than $1 billion since February 2020. The company is now valued at a breathtaking $7.75 billion.
Live Exhibitions Are Returning, Helped by Virtual: New Research
Encouraging vaccine rollouts have exhibition event organizers in many areas determined to go back onsite. However, they’ll need exhibitors on board. Against a backdrop of new variants and virtual alternatives, will they come back? Here’s what the data says.
How Vaccine Inequities Are Hurting International Events
Could successful vaccine rollouts in countries with strong domestic markets for trade shows and other events put a damper on resuming international events? While event executives are optimistic about a rebound in international travel, they also see factors favoring a greater shift toward local and regional events.
Rising Production Costs and Labor Shortages Are Holding Back Live Events Recovery
In-person events are making a comeback, but happy days are not quite here again. Labor shortages and rising costs are straining event planning budgets and putting a damper on the resurgence.