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Hong Kong-based destination and event management company Pacific World has announced it is to stop all meeting and event operations as of November after four decades in the sector. PW parent company TUI Destination Experiences said the decision was made as a result of impact COVID-19 is having. From Meetings & Incentive Travel…
An officer of the United Nations Framework Convention on Climate Change has called on the meetings industry urgently to speed up action on climate change. Miguel Naranjo warned there “would be no events industry” if the challenge is not met. Event professionals, he said, had a responsibility to contribute. From Conference News…
Event professionals in Hong Kong have been urging government to provide further financial support as COVID-19 continues to batter the industry. The Hong Kong Exhibition & Convention Industry Association presented a member survey to the Hong Kong SAR’s Commerce and Economic Development Bureau. From Association Meetings International…
UK eventprofs have drawn attention to the critical state of the industry by lighting venues and other landmarks across the country in red. ICC Wales participated, and in London workers wore red shirts and lined the entire Southbank from Westminster to Tate Modern, all as part of the “Red Alert” #WeMakeEvents campaign. From Exhibition News…
AAPX (the Automotive Aftermarket Products Expo) and the co-located SEMA (Specialty Equipment Market Association Show) have together cancelled their shows due to run this November in Las Vegas. Virtual options will be explored. The loss of CES 2021 is now compounded by a further hit of $259 million and about 160,000 attendees. From Exhibition World…
COVID-19 has had a heavy impact on the meetings industry in Italy, which has come to a virtual stop after five years of steady growth, according to new research. 69.7 percent of all events have been cancelled, 16.9 percent deferred until 2021 and only 13.4 percent postponed until autumn. From Meetings & Incentive Travel…
Two-thirds of those who exhibit at business events say their absence has had a notable and detrimental impact on business. So says a study of the recovery of trade shows from research specialists Explori together with Iceberg partner UFI, the global association of the exhibition industry. From Exhibition World…
The owners of ICC Wales and Celtic Manor Resort are to be cutting staff by almost half due to the COVID-19 crisis. The Celtic Collection, which owns both the Newport conference centre and hotel, has said 450 of its 995 staff are to leave, the financial model not now being sustainable. From Association Meetings International…
The Association of Corporate Travel Executives has ceased operating and is to file for Chapter 7 bankruptcy after 32 years, according to a note on its website. ACTE had not only cancelled its April New York Global Summit because of COVID-19, but also its August 2019 Global Summit in Macau due to Hong Kong protests. From Meetings International…
Over 80 percent of associations have had to cancel one of their flagship meeting due to COVID-19, says a survey. Worryingly, almost 18 percent said the resulting effects on the organisation had been “severe”, causing “major implications” for the finances, staffing and organisational structure of the association. From Association Meetings International…
German trade fairs have already been hit hard by COVID-19 crisis cancellations and postponements. Organisers and service providers are already suffering significant financial losses. AUMA, the Association of the German Trade Fair Industry, has now forecast a total loss to the German economy of around three billion euros. From UFI…
No kind of event is immune from the devastation coronavirus is causing. After weeks of speculation and amid mounting criticism, Japanese Prime Minister Shinzo Abe and President of the IOC Thomas Bach both agreed to reschedule the 2020 Summer Olympics to 2021, the first break in four-year cycle since World War II. From Reuters…
Coronavirus event cancellations are wiping AU$2.5bn off the Australian economy every month. So say new figures from a major industry body. Shutting down large gatherings has effectively shut down the country’s meetings sector, with devastating results, according to the Business Events Council of Australia. From Association Meetings International…
Iceberg partner UFI has updated its earlier economic impact assessment of international exhibitions and trade shows due to the coronavirus crisis. At least €134 billion ($145 billion) of contracts have not concluded with shows not taking place as planned through Q2. The industry economic output in total is down €81.6 billion ($88.2 billion). From UFI…
The owner of Scandinavia’s largest convention centre is making 350 people redundant due to “a brutal slowdown” caused by the COVID-19 crisis. BC Hospitality Group, which runs the Bella Center Copenhagen, as well as the Comwell Conference Center and several hotels, has not said where the cuts will fall. From Association Meetings International…
Iceberg partners AIPC (International Association of Convention Centres), ICCA (International Congress and Convention Association) and UFI (Global Association of the Exhibition Industry) are jointly now backing a campaign “This show is open for business” first launched by UFI and SISO (Society of Independent Show Organizers). From Association Meetings International…
Iceberg partner UFI has released the first economic impact assessment on global exhibitions and trade shows of COVID-19. At least €23 billion ($26.3 billion) total worth of contracts have not concluded with shows not taking place as planned. The industry’s economic output in total is down €14.4 billion ($16.5 billion). From UFI…
A major meeting of accountants and lawyers about to have taken place in Cape Town has been cancelled amid fears of COVID-19. Organiser INSOL International, a federation of smaller associations, was expecting up to 1,000 delegates, and the decision to cancel could cause the organisation “significant hardship” with refunds. From Association Meetings International…
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