Skip to content
JournalOpen Access

otstest1

Scholardemia Journals

Discover new research, editorial updates, and current calls for papers.

otstest1

Article reader backed by publication, citation, usage, and access records.

Article recordVersion of recordOpen accessNo 1December 14, 2021

Is ‘Virtual’ the New ‘Reality’ For the Events Industry??

The corona virus (covid-19) has had an unprecedented impact on the tourism, events, and hospitality industries. To date the direct and indirect cumulative economic impacts are still unknown and will be difficult to quan…

Contributors

Author and affiliation details from the publication record.

  • University of Chichester, UK

  • Wendy SealyCorresponding author

    University of Chichester, UK

Abstract

Reader HTML view for the published article record.

The corona virus (covid-19) has had an unprecedented impact on the tourism, events, and hospitality industries. To date the direct and indirect cumulative economic impacts are still unknown and will be difficult to quantify. As of March 2020, the events industry had already lost £10 bn due to the restrictions imposed by the pandemic (UFI, 2020). Event industry revenues for 2020 represented only 28% of the revenues recorded in the previous year. 52% of companies faced reduced profits and 30% of businesses recorded a loss of more than 50% (UFI, 2021). Furthermore, 17% of event and exhibition businesses permanently ceased trading during 2020 and 126,000 jobs were lost during the same period (Conference-News, 2020). Covid-19 has irrupted the events industry resulting in businesses adapting and innovating to survive. Keywords: Corona Virus, Impacts, Tourism, Events, Hospitality, Business Innovation

References

Stored scholarly reference text for this article.

No references are available in the current publication metadata.