Podcast
Questions and Answers
Which industries were heavily impacted by the Covid-19 pandemic, experiencing economic and employment shockwaves?
Which industries were heavily impacted by the Covid-19 pandemic, experiencing economic and employment shockwaves?
- Financial and real estate markets
- Events, hospitality, and tourism industries (correct)
- Healthcare and education sectors
- Technology and manufacturing industries
What are on-site events?
What are on-site events?
On-site events involve attendees that engage with each other in person using a building or physical space (indoors or outdoors).
What are hybrid events?
What are hybrid events?
Hybrid events encompass on-site and online attendees engaging together and include on-site presence with online access in paralell.
What mode uses web cams to enable participants to watch on-site events online, including through social media and YouTube channels?
What mode uses web cams to enable participants to watch on-site events online, including through social media and YouTube channels?
Many event companies and organizations thrived financially during the first 18 months of the pandemic due to furlough provisions and continued cash flow.
Many event companies and organizations thrived financially during the first 18 months of the pandemic due to furlough provisions and continued cash flow.
What is the main focus of the events industry in relation to sustainability?
What is the main focus of the events industry in relation to sustainability?
What is co-creation?
What is co-creation?
What is the definition of bespoke events?
What is the definition of bespoke events?
What does the use of RFID wristbands at music festivals allow organizers to do?
What does the use of RFID wristbands at music festivals allow organizers to do?
Flashcards
Event company challenges
Event company challenges
Many events companies folded due to financial unsustainability after 18 months of the pandemic.
Financial restructuring
Financial restructuring
Unsustainable event business models are either failing or restructuring after the pandemic.
Gig economy in events
Gig economy in events
Many freelancers in the events industry were ineligible for furlough due to contract types.
Increased demand for skilled staff
Increased demand for skilled staff
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Future event adaptations
Future event adaptations
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Emerging trends impact
Emerging trends impact
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Sustainability in events
Sustainability in events
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Inclusivity in events
Inclusivity in events
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Wellbeing focus
Wellbeing focus
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Co-creation process
Co-creation process
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Custom events
Custom events
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Innovation in events
Innovation in events
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Marketplace for newcomers
Marketplace for newcomers
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High-quality work experience
High-quality work experience
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Paid opportunities emphasis
Paid opportunities emphasis
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Mentorship in events
Mentorship in events
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Feedback loop process
Feedback loop process
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Event trend monitoring
Event trend monitoring
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Innovation sources
Innovation sources
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Collaboration for creativity
Collaboration for creativity
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COVID-19 impact on events
COVID-19 impact on events
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Better access for newcomers
Better access for newcomers
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Future Event Leaders marketplace
Future Event Leaders marketplace
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Skill demonstration
Skill demonstration
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Industry newcomer support
Industry newcomer support
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Social media for co-creation
Social media for co-creation
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Future trends identification
Future trends identification
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Engaging audiences
Engaging audiences
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Pioneering new concepts
Pioneering new concepts
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Study Notes
Event Planning in the Future
- The Covid-19 pandemic significantly impacted the events, hospitality, and tourism industries globally, leading to initial lockdowns and halting operations.
- Some companies transitioned to online events, developing new skills, technologies, and activities.
- In the second half of 2021, events began to resume, though the Omicron variant led to another wave, reshaping events formats.
- Four major event formats emerged: on-site, online, hybrid, and live-streaming.
On-site Events
- Involve attendees engaging in person within a physical space (indoor or outdoor).
Online Events
- Attendees engage through web platforms like Zoom, Microsoft Teams, Skype, etc.
Hybrid Events
- Combine on-site and online attendees, allowing on-site presence with online access in parallel.
Live-Streaming Events
- Use webcams and social media platforms (YouTube channels) for a remote view of on-site events.
Post-Pandemic Event Formats
- Figure 12.2 illustrates the relationships between these formats post-pandemic, highlighting the shift to online.
- Increased use of web platforms like Zoom, Microsoft Teams, Skype, and specialist software followed March 2020.
- Public sector organizations, businesses, and educational institutions adopted online engagement due to government restrictions amid the pandemic.
Future of the Events Industry
- The pandemic highlighted the need for sustainable, future-proof event models.
- Event models need to adapt to examination and restructure to withstand financial instability.
- Freelancers were disproportionately affected by the pandemic and the gig economy's temporary nature.
- Event planners need to prioritize sustainability, focusing on climate change and logistical planning (transport for both people and goods).
- Inclusivity and accessibility are crucial, addressing diversity and removing factors that cause exclusion.
Wellbeing
- A key area for future consideration in events is to support mental wellbeing across stakeholders.
- Covid-19's impact warrants considerations encompassing mental health for employees, suppliers, volunteer staff, and event attendees amid pressure and mental health concerns.
- Events organizations need tailored resources and/or mental health support.
Co-creation in Events
- Co-creation involves attendee participation in event concept development (through ideas, suggestions, and feedback).
- This new trend for event content generation is vital to improving audience engagement moving forward.
Bespoke Events
- Bespoke events, customized to meet individual attendee needs, provide a more satisfying customer experience.
- This is in contrast with traditional, standardized events, often mirroring aspects of clothing and tailoring.
- Online activity tracking (cookies, usage patterns) is employed to develop bespoke (customized) event offerings.
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Description
Exploration of evolving event formats post-COVID-19, including on-site, online, hybrid, and live-streaming events. Focus on adapting to new technologies and attendee engagement strategies.