If you’ve always wondered what the event industry is all about, you’re in the right place. The industry encompasses a variety of special events that bring together people, organizations, and companies. Whether it’s a wedding, a corporate convention, or a private celebration, there’s a job out there for you. The job description is as diverse as the industry itself. From weddings to corporate conventions, from formal parties to festival-style gatherings, you can be in this industry.
There are three main sectors of the event industry: corporate, education, and entertainment. The corporate segment is expected to dominate the global events industry over the forecast period. The events industry is driven by corporate sponsorships and deployment of best-in-class technology. The challenges to this industry include higher entry barriers and alternatives. With these challenges, however, the future of the industry looks promising. Let’s take a closer look at each of these industries and determine how they relate to each other.
Events employ hundreds of thousands of people, but the US Department of Labor predicts that the industry will grow by over six percent in the next 12 months. The industry has been plagued by the pandemic, resulting in hundreds of thousands of layoffs and job losses. The COVID pandemic has also had a significant impact on the event industry. It has had a detrimental impact on attendees and employees alike. While the industry will never return to its glory days, there are many opportunities to re-skill.