4 Ways the Event Industry Can Move Forward Post-COVID

August 6, 2020

Siva Vangala

Siva Vangala is the founder of EventTitans, an event management and fundraising platform based in Atlanta. 

Right now, it’s a challenge for many to simply visit the grocery store. What will it be like once things start reopening on a large scale? Will people immediately resume their pre-coronavirus behavior, or will they be wary about being in places with large groups of people? For the events industry, this is a crucial question to unpack, as it determines how they will approach business going forward. What steps will they need to take to ensure that people will continue to attend conferences, expos, panels, and the like?

Combining in-person and virtual events

With infection numbers on the rise in states in the process of emerging from lockdowns, it’s unlikely that large-scale events will resume any time soon — at least in person. Some companies have shifted to events that combine physical and virtual elements, accommodating those who prefer to network in person as well as those who may not be ready to travel just yet. This could mean organizing an event to take place in one particular location, but also creating an online hub where people can watch the speakers and engage in virtual networking.

Hosting an event this way also reduces the possibility of having large crowds mingling in one space at the same time, which in turn would make it easier for event organizers to enforce safety protocols and social distancing.

Introducing new health protocols

With the threat of the coronavirus still very real, many event spaces have had to completely rethink how their space is used, as well as how best to maintain a high level of cleanliness without disrupting the event entirely. Marriott International, for example, has implemented several new protocols such as hourly cleanings of high-touch areas, providing packaged meals instead of a shared buffet and reducing the number of people allowed in an area at a time. 

Event organizers have also had to consider how to accommodate social distancing, especially given that the aim of most events is to encourage networking and interactions with other people. Some have proposed enlarging vendor booths or putting up plastic shields to separate vendors and interested patrons. Hotel rooms will also need to be appropriately spaced, and check-in areas managed to ensure that there is enough room for people to remain 6 feet away from one another. 

Changing attendee behavior

At the same time, there’s only so much event organizers can do to ensure the health and safety of their attendees. It’s up to attendees themselves to monitor their own behavior and adapt to the new circumstances. Maybe this means giving out digital business cards instead of physical ones, or keeping ticket information on their phone instead of printing it out. Perhaps it also means avoiding handshakes or close physical proximity for the time being. 

As Brian King, Marriott International’s global officer of digital, distribution, revenue strategy and global sales, points out, it’s not going to be possible to move easily from one event to the next. Not only is there extensive cleaning to be done before a new group can enter a room, simply managing the flow of thousands of people as they move from place to place will consume much more time than in the past. Says King in the New York Times article linked above, “People are going to need to leave more time during the meeting process to flip meeting rooms and actually move.” 

Adjusting contract terms

This pandemic has effectively reminded everyone how quickly things can change. Events that were scheduled to go ahead one day were cancelled the next, resulting in losses of billions of dollars. And given the general uncertainty that still reigns, there will have to be changes across the board with how contracts are reached with vendors, suppliers, partners, venues, and any other party that has a stake in the event. 

To give one example, as mentioned earlier, hotels have had to implement spacing between occupied hotel rooms. But many organizers negotiate special room rates with hotels as part of their arrangement to rent out conference space. Should organizers be obligated to pay for these extra rooms that are not being occupied (in which case the rates offered to attendees would likely be considerably higher) or should hotels shoulder the cost and just be thankful that they’re getting revenue from the event? It’s unlikely that organizers will agree to pay more for less, but given that hotels are incurring higher costs due to their new sanitary measures and facing a significant loss of revenue, they’re going to need some kind of financial assurance to make the process worth their effort. 

It’s going to take a while for the events industry to reach its former height. That said, I have full faith in the ingenuity of those within the industry, and I know that everyone, myself included, is looking forward to the time when we can meet in person without fear.

 

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MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.    Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.    Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.   The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.    MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.     MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.