Restarting business events to deliver longer-term positive returns
The past year has seen business events shifting to virtual as international – and domestic – travel ground to a halt, but what does the future look like for the MICE sector?
Last November at the CNP Asia Pacific conference, Lyn Lewis-Smith, CEO at BeSydney, predicted that “We are in this hybrid world for life now – I don’t see us going back. Consumer behaviour is changing, and technology is going to fast-track this… We need to look at our value proposition going forwards, because this is a very different environment that we’re going to be operating in.”
Restarting business events is critical to recovery for many places; they bring visitor spend to the city, facilitate trade deals, and attract media attention. However, we can’t simply hit re-start on the sector and expect it to resume in exactly the same manner. As Lyn stated, consumer behaviour and expectations have evolved and business events need to adapt to match these new requirements.
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