Event Industry Latest News — February 27, 2023

Agorify
4 min readFeb 27, 2023

Wondering what is new in the event industry? Agorify’s editorial team has made research and curated the latest and most exciting news in the event industry. Check it out!

What’s New in Event Venues: New Construction, Instant-Booking Solutions, Celebrity-Driven Wellness Experiences, and More

The latest developments in event venues include new construction, instant-booking solutions, wellness experiences endorsed by celebrities, and other exciting updates.

RX aims to drive events industry to zero carbon future

Reed Exhibitions (RX) has announced its commitment to driving the events industry towards a zero-carbon future. The company has launched a new campaign called “RX Zero” that will focus on reducing carbon emissions from its events and working with partners and suppliers to implement sustainable solutions.

Is ChatGPT the Future of Events? Experts Share Their Thoughts on the Buzzy New AI Tool

The article shares experts’ insights about how ChatGPT could be used to enhance event experience, such as providing personalization, answering attendee questions, and facilitating networking opportunities. It also explores which are its challenges and limitations.

AOK Events launches the “Make Unforgettable Happen Fund” to help create memorable experiences

AOK Events has launched a new initiative called the “Make Unforgettable Happen Fund” to support the creation of memorable experiences for clients and their guests. The fund will provide financial assistance to event planners and professionals who are seeking to create unique and innovative events but may face budget constraints.

Asia Pacific’s biggest meetings and events trade show returns to MCEC

The Melbourne Convention and Exhibition Centre (MCEC) hosted over 3,000 attendees at the 2023 Asia Pacific Incentive and Meetings Event (AIME), providing a platform for event planners to connect with exhibitors and inspire future events

Layoffs: Are Meeting Planners Affected?

The article highlights the impact of layoffs on meeting planners and the need for support and resources to help them navigate this challenging period in the events industry.

The Business of Events releases 2023 prospectus and welcomes new head of partnerships

The Business of Events (TBOE) has released its 2023 prospectus and announced Rachael Boraston’s appointment as head of partnerships on a freelance basis. The prospectus outlines commercial opportunities to support the work of the Policy Unit, which was created to develop a policy agenda for the events industry ahead of the UK’s next general election.

Sixth annual Hosts and Federations Summit in Lausanne set to be the largest to date

The 2023 Hosts and Federations Summit, organized by Major Events International (MEI), is scheduled to take place at the Olympic Museum in Lausanne, Switzerland. MEI has stated that this year’s summit will be its most extensive event so far, expanding from one to four days between June 12 and 15 and featuring a full conference program.

UK and Ireland Virtual Event Market will increase from its value of $3.1 billion in 2019 to $36.1 billion by 2027

According to Allied Market Research, the virtual event market in the UK and Ireland was worth $3.14 billion in 2019 and is expected to grow at a CAGR of 13.3% from 2021 to 2027, reaching $36.18 billion. The market is driven by increased sponsorship for virtual events, low operational costs, and globalization of businesses. However, lack of technology awareness is a barrier to market growth, while technological advancements in the industry offer future opportunities for market players.

The event apps market is expected to grow from US$ 1,203.89

The market for event apps is projected to grow from $1.2 billion in 2022 to $2.6 billion by 2028, with a compound annual growth rate of 14%. North America is a mature market in the meetings and events industry, with strong supplier capabilities and advanced technology for data gathering.

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Agorify

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