Where it has originated?
The coronavirus (COVID-19) was believed to have started in Wuhan, China in the “wet market”, where they sold both dead and live animals. The virus started spreading across the globe and other countries than China has the virus now. The virus it’s just like a cold with symptoms including fever, dry cough, tiredness and a general feeling of being unwell. Having the virus with the same symptoms like a normal flew, it affects all businesses including the events industry, when events would start being cancel. On the world maps you can see the different cases of affected, deaths and recoveries.
As you can see on the maps, the cases of deaths are not as many as the other two, however the cases of recoveries are becoming more, which is a positive outcome of the treatments they are using to prevent it so it does not affect the economy.
Conspiracy to corrupt
However, as the cases still growing and the virus spreading, everyone is asking one question; is it conspiracy to corrupt the public morals or is it just a normal virus that spreads around. As the spreading grows fast, there are conspiracy theories behind it. As stated in an article in the conversation by Angelina Bambina “coronavirus is actually a bio-weapon engineered by the CIA as a way to wage war on China” and another one is “that the UK and US governments introduced the coronavirus as a way to make money from a potential vaccine”. Are these conspiracy true or is it just something that people believe in?
Although, these are only theories, the belief of evil powers pursuing a plan is widely believed in every society. People who believe in these theories, may not be careful of the virus and be less likely to follow health advice. People were peddling the theory on Twitter, Facebook and Instagram saying it was conspiracy, but Russia denied being part of it.
Over the few months, more than 2,000 people have died and over 76,000 have been confirmed to have the virus. If people continue to think it is conspiracy, it is likely the virus would spread further, which will affect the economy and business like the events industry when events and conferences have been postponed or cancelled due to Covid-19.
Is it affecting the events industry?
The coronavirus or Covid-19, has affected countries like China (where it originated from), United States, United Kingdom, Italy and all the way through the Middle East, where conferences takes place.
How does this spread of the virus affects events and what happens to them?
Carnivals, conferences and sporting events have been either cancelled, postponed or played without audience. The reason for that it’s because most events are ‘not insured’ against coronavirus. Although, if an event planner insures the event, a standard insurance policy will not cover an event loss. However, if the covid-19 its classified as a notifiable disease, all countries will be able to get any costs covered if the event is cancelled.
Example of events being cancelled:
The event being cancelled does not only affect the visitors going to it because of their loss of money but it affects the event companies that have organised and planned it. The coronavirus has caused the cancellation or postponement of more than 24 exhibitions and conferences worldwide, hammering the $2.5 trillion trade show industry. Another big event that was cancelled due to the covid-19 was the mobile world congress, which is the world’s largest trade show for the mobile phone industry. This has caused business to lose money and not be able to find a different location for the events due to the fast-spreading and the infection for more than 76,000 people around the world.
Although some events have been affected others haven’t. One event that hasn’t been affected and it will still be happening it is the Geneva International Motor Show. The show its one of the most important shows in the motor industry, for launching new cars and the event organisers have taken extra protection for everyone attending the show in order for the virus not to spread.
Event organisers can change and avoid destinations that are affected, instead of cancelling the events. However while the option is a potentially a good compromise for many planners, for some it could be a potential risk of the virus. Further options of events still happening would be virtual events, which would work for meeting and conferences. One of the main benefits of them is meeting face-to-face, but to be protected of covid-19 a potential change could be done when the meeting can happen virtually.
To summarise, Covid-19 or coronavirus has affected the events industry, by making event planners to change the location of the events, postponed them or to event cancel the once that can’t be changed. In order for them not to be disadvantaged and lose money, events can be insured but not with the standard insurance. Unless, there is a vaccination or prevention found against the coronavirus large events in countries like Italy, China and others won’t be happening. Compared to the actual events conferences and meetings will still be happening but the chance of them being face to face its low and the alternative would be to a virtual event.