Corporate Events Industry

• According to the Events Industry market report, in 2018, the corporate events & seminars segment accounted for the maximum events industry share, which was mainly driven by the rise in the number of corporate companies and seminars & events organized by them.
• According to American Express’ Global Meetings and Events Forecast report, about 72% of the conference and corporate event creators work with an annual budget of less than $30,000, and 38% spend less than $1,000 per event.
• Findings from the Global Meetings and Events Forecast survey reports that about 45% of corporate events creators team consisted of 2 to 5 members, and 12% of events had 10 or more people.

Impact of COVID-19 on Corporate Events Industry

• According to the PCMA survey, about 52% of business event industry planners had the opinion that COVID-19 has impacted their revenue by greater than 75 percent when compared to the same period in 2019. The report also suggests that about 25% of the event industry organizers agreeing that they had a decline in revenue of between 51-75 percent.
• About 40% of the business event industry planners also believed their revenue would decline by 25-50 percent in 2021.
• Findings from the PCMA survey suggest that about 51% of APAC-based business events planners anticipating digital event technology will highly or extensively impact face-to-face attendance at their events in 2021.
• Due to the COVID-19 pandemic, the event management industry in the United States saw an 81% cancellation rate for in=person events from March to June 2020.

Food Delivery Market

• According to the Global Online Food Delivery Services Market, the global online food delivery services market is expected to grow from $107.44 billion in 2019 and to $111.32 billion in 2020 at a growth rate of 3.61%.
• In 2020, the global food delivery services market saw a slow growth mainly due to the economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it.
• The global online food delivery market is expected to grow at a compound annual growth rate of 11.51% and reach $154.34 billion in 2023.
• The North American region leads in the food delivery services market mainly due to the presence of a well-organized foodservice industry, constant development, high disposable income, and rapid urbanization.