The events industry has suffered tons of economical setbacks from the pandemic. And in order to recover, most businesses and organizations have been adopting a more innovative mindset to catch up. Aside from crafting more flexible strategies to keep sources of income moving, many acquire event insurance in the Philippines for support as well. This is to secure the cost of damages from other possible unfortunate events along the way.
If you are part of the events industry, these are some of the most promising trends that your business or organization should continue or consider this year:
Onsite Health Screenings
People would likely not attend most live events unless necessary or they are promised the highest standards of health security. Pre-entry health screenings including onsite rapid and PCR testings for gatherings like weddings, conferences, training, and the like would increasingly be a constant and a requirement.
When it comes to events, we now know that bigger is not always better. More personalized and flexible events would be made to cater to smaller groups and abide by stricter protocols. Moreover, having fewer attendees is a great way to have more intimate, meaningful, and memorable experiences and connections among individuals.
Many live events that have resumed include at least some sort of virtual component to it. Otherwise, there is the option for participants to attend only virtually. Hosting hybrid events presents an opportunity for success, as more people would be given a chance to join even in the safety of their homes. This extends the opportunity for driving ROI, as well as a significant reduction in costs and carbon footprint.
Catering is a very convenient way to prepare safe and organized food options even for smaller events. This is preferable since some catering packages also include the delivery, service, and clean-up to lessen the worries of the event planner. As food and workplace safety remains a key issue during this crisis, food service will continue to be more creative as it is an essential industry.
Due to numerous postponed and canceled events, the need for sustainability has been gaining momentum. Based on a survey, 60% of respondents would prefer to attend events hosted in a sustainable fashion. To make this happen, more suppliers need to look for more eco-friendly venues and practices. They would also have to produce more materials that can be reused or repurposed to save time, money, and effort in case of disasters.
Altogether, these trends would serve as a guide in how the events industry is going to cope and thrive in the following months. Keep striving to find better opportunities, and get back on your feet today with trusted non-life insurance companies in the Philippines.