THE INTERNATIONAL SITUATION The beginning of 2020 was a big surprise for everyone. At the turn of February and March, the world faced an unprecedented threat. The global COVID-19 pandemic was just the beginning, and the unknown virus was causing widespread fear. Governments around the world reacted radically, closing borders and severely restricting public life. The data presented by the industry portal “Live Design” shows how strong this blow was for the business events environment. Their statistics show that over 76% of respondents indicated that they had lost nearly 3/4 of their annual income since March 2020. According to PCMA estimates, nearly 88% of events in this period were cancelled or postponed to new unspecified date.

Join for free to read