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Hot Event Summer for the Events Industry!

This week has marked the first full week of summer (in Europe) and also, with the increasing temperatures, also a raising of spirits. The change of the season has accompanied some real optimism in the events industry, that even a tepid response to Mobile World Congress couldn’t dissuade.

Given the choice, would I have put on an in-person event in Barcelona in the summer of 2021? No. Nuh-uh. No way. Did the GSMA feel like they had a choice financially or otherwise? That’s a much more difficult question to answer…” — Brian Heater, writing in TechCrunch

Notably, each of the headline sponsors who feigned to appear in person at the event expressed their commitment to return, and thus, a real commitment to the in-person exhibition concept.

I promise next year that Deutsche Telekom and all of us will be back again in Barcelona,” — Deutsche Telekom CEO Tim Hoettges (as reported by VentureBeat)

In Germany, the sentiment to return to live is particularly strongly felt, with the return of live exhibitions and fairs beginning this month. Frankfurt Messe announced they are aiming for €500 million in sales for 2022, with the return to in person events and exhibitions.

It’s good news certainly for the events industry and event organizers. But it also demonstrates the durability of live, in-person B2B events, despite all of the digital innovation over the last year. It’s important to remember that live, in-person tradeshows and events continued in China throughout the pandemic.

The trick now for organizers will be how to carefully bring together the best of digital and physical together. And here, things are completely open.

Digital is not going away. But for many, physical will not be going away either. It may be roaring back bigger and better. In this case, the opportunities are greater than ever before.

Here are my top reads of the events industry from the week!

#EventTech:

How to do it:

  • What virtual event tech means for event marketing [MarketingTech] With more and more brands turning to virtual events, how to stand out? Here are some suggestions on how to market effectively in 2021. Something that stands out? Use your tech to attract your audience. For example, providing the opportunity for your participants to stream themselves at your event can create opportunities for engagement but also encourage sharing.
  • How to Use Technology to Enhance Your Hybrid Event Strategy [Successful Meetings] Don’t let your platform dictate your event strategy. Rather, it should be one of your last decisions. Let your choices drive your platform choice, so that it complements, rather than competes with your vision.
  • Digital Tours And Hybrid Events, How New Technology Can Boost Community Engagement [Minutehack] It’s long been time to think creatively about how events can activate your community. We should see them as an opportunity to drive niche content and provide a venue for continual engagement.
  • Doing More than Just Getting By [Meetings Net] Have you considered using a virtual world for your next event? Well NACCU did just that, with a simulated reality trade-show for their latest event. The event did more than bring their community together, it brought in healthy revenue. The choice for a virtual world? A lack of engagement at their previous virtual events. It really seems to have paid off.
  • The New Normal In Event F&B, According to Thrive Meetings & Events CCO Tracy Stuckrath [Trade Show News] Something event organizers haven’t really had to think about for a long time– but worth revisiting now hybrid events are on the horizon for many of us: Food and beverage. What’s in? Food safety and social distancing, as well as healthier foods on the menu.
  • Health Is Your Greatest Wealth: Wellness In The Events Industry [Endless Events] All event professionals know the feeling at the conclusion of a big production. The exhaustion, but also the never ending chore list. This panel of voices brought together by Endless Events argue convincingly that it’s time for event professionals to take stock of their health, and to prioritize it moving forward.
  • Retailers Are Bouncing Back From The Pandemic Using Hybrid Platforms [Forbes] Following my note last week on the change of business since the pandemic, we’re seeing real change from some brands on how they’re using hybrid platforms to sell in 2021. Expect more to move in this direction. Event organizers– it’s time to get creative to attract and serve this market.

The Industry:

Don’t Miss it:

  • Consumer Habits Post-COVID-19: Study Finds Majority of Respondents Eager to Experience Live Events [Hollywood Reporter] New survey from the US finds a majority will continue to embrace online events, even as some in the events industry return to physical. Key takeaway: “88 percent said they will continue to tune into virtual events even after live events are fully up and running, citing the comfort, affordability and absence of crowds.”
  • MWC in the time of COVID: Reflections from Barcelona [RCR Wireless News] I really appreciated this first hand account of MWC from a longtime attendee. Sean Kinney describes the change of feeling in this year’s first post-pandemic event, but also the hope that things in the event space will continue to improve as vaccination rates increase.
  • The Future of Trade Shows, Part I [Trade Show News] As tradeshows have returned in North America and Europe, what will the future hold? A few suggestions from a host of event professionals across the industry. Maybe the most surprising conclusion? The suggestion that for some shows, things won’t change that much.
  • Are in-person tech conferences still necessary? Mobile World Congress could be a test [CNN] Many eyes from the event industry looked to Barcelona this week (from afar) to see how the MWC weathered the first show since the beginning of the pandemic. Bright points? The feeling of safety of attendees, as well as the opportunity for new companies to shine in a less crowded fair space. Commentators also lauded the big name speakers as well as continued support by brands who connected launches to the event, despite not appearing in person.
  • Wo muss die Reise im MICE-Markt hingehen? [Event Partner] Hans-Jürgen Heinrich looks into the future of the MICE industry, and what does he see? The customer, and user experience at the center. Digital becomes standard, and the old ways of doing things are reevaluated. I can’t agree more.

That’s it for this week! If you want to be kept up to date on the innovation of the event industry, sign up to The Lookout Newsletter! Read more editions of our newsletter here.

Hot Event Summer for the Events Industry!

The Lookout Newsletter #32

**Written by:
**Felix Josephi
PIRATEx Managing Director