Summary by the Strategic Alliance of the National Convention Bureaux of Europe
The Strategic Alliance of the National Convention Bureaux of Europe has published an update of its 2020 study, ‘The Impact of Coronavirus on Europe’s Convention Sector’.
The report, prepared by Tourism Economics, provides three recovery scenarios:
- Baseline Scenario – forecasts that different types of events will recover at varying paces, with small domestic-oriented cooperate meetings and events leading the way and almost reaching 2019 levels by the end of 2022.
- Optimistic Scenario – anticipates an early easing of restrictions, a rapid upturn in economic growth, and limited negative sentiment effects.
- Pessimistic Scenario – predicts that the continued prevalence and effects of the virus will see some additional restrictions maintained into 2022 and that many future events will be either hybrid or completely virtual.