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11 May 2021
The Strategic Alliance of the National Convention Bureaux of Europe has published an update of its 2020 study on “The Impact of Coronavirus on Europe’s Convention Sector”.
The report, prepared by Tourism Economics, provides three recovery scenarios to reflect the possible range of developments given the level of uncertainty about how the pandemic situation will evolve over the coming months.
Baseline scenario: rapid recovery after removal of restrictions
The baseline scenario assumes that lingering restrictions and negative sentiment effects in 2021 will mean that the recovery will not start in earnest until 2022.
The removal of restrictions will then give large corporations and event planners confidence in the future and will allow for some rapid recovery of the sector.