Businesses the world over are trying to navigate the way forward post pandemic. It has resulted in a range of disruptions to daily life, both personally and professionally. If you’re wondering what events and exhibitions will look like in 2022, you’re not alone. In this article, we’re sharing what you can expect these otherwise annual happenings to be like, as well as a range of viable alternatives for your business.
Events and exhibitions have been a way to meet people and connect with them - networking en masse. Because of the timeliness of them, usually conducted at least one a year, people and businesses prepare for them in order to showcase the best that they have to offer. In that sense, they’ve been the place to be and to be seen at. It’s where the who’s who of industry leaders gather.
In many respects, the corporate events industry has been taken for granted - people enjoy these industry-specific social gatherings and the timing of these events often coincides with industry announcements and the publicizing of new deals or contracts between event participants.
The past couple of years showed us that businesses can no longer rely on these in-person events and doing so presents a risk. The industry has changed - it's been forced to change and this also causes ripple effects for both event / conference organisers and attendees . For organisers, ticket / admission revenue can be impacted. It also impacts sponsorships, which play a massive role in events and exhibitions due to the revenue that's generated from this activity. But there are significant cost savings for both parties too. Some of these costs include the venue rental for organisers, while attendees and participants can benefit from savings including booth space set up, travel, merchandise and of course time.
With the changes occurring, one has to wonder what this means for businesses and industries in terms of sponsorships, networking and branding.
A viable option, highly favoured for its scalability, reach and in depth analytical capabilities. However, this too has its drawbacks and there is no telling whether virtual events and exhibitions will fully replace the benefits of in-person meetings and gathering post 2022. However, it is definitely on the cards for at least the next 12 months. Many industries are hosting virtual conferences that offer digital booths and exhibitions. This presents you with the opportunity to gather a tech team to deliver innovative and immersive online experiences. The opportunities here are ripe as these formats are still in their early stages, so this could be great way to get ahead of the pack. As this develops, more businesses are likely to employ augmented reality set ups.
There is no doubt that events and exhibitions are changing in 2022. There will be fewer gatherings and many attempts at alternative options by businesses. Deciding on which option is best depends on your business, industry and strategy for the year ahead.
Book a session with us at Nexa - we’ll help navigate the best way forward for you and help you bring that solution to fruition like we've done for many businesses in 2020. No events doesn't mean no business. Start your 2022 event planning with us today.