How Coronavirus Affecting Exhibition/meeting Industry?

Discussion in 'General Trading Discussion' started by Advisorymandi, Mar 18, 2020.

  1. Advisorymandi

    Advisorymandi Member

    Joined:
    Mar 2018
    Posts:
    18
    Likes Received:
    1
    China’s coronavirus infection has now crossed over 90 countries is now spreading at a higher rate. China, South Korea, Iran, and Italy are top countries with the highest number of cases and deaths.

    The COVID-19 has expanded its reach to India as well where the cases have increased sharply from six to 31 within a week. As a result, the Indian financial markets are now going through a very bad patch. You can say everything is going against the stock market. The multiplex stocks hit hard due to this epidemic. People are avoiding interacting in public places. Going to a movie is the last thing in their minds. The devastating effect can also witness in the exhibition or meeting industry which is affecting heavily by the COVID-19.

    Many international and domestic exhibition events, conferences, and corporate meetings are either postponed or cancelled due to the impact of the coronavirus outbreak. As a result, many exhibitors found withdrawing from the events and conferences due to concerns over coronavirus which disrupting millions of dollars.
     
  2. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    1,032
    Likes Received:
    8
    Do you have any suggestions as to when the crisis will end? They say stock markets look forward by 9 months so on that basis I can only assume that with no certainty whatsoever that markets are taking a worst case scenario.
     
  3. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,717
    Likes Received:
    20
    The exhibition industry is to all intents and purposes on hold at the moment. However, the meeting industry will now be able to make use of the groundbreaking technology we have had for many years. This crisis could well be the making of the remote meeting software sector as companies will in the future need to show a backup plan in the event of any similar crisis going forward.
     
  4. Buyonthedips

    Buyonthedips Senior Investor

    Joined:
    Feb 2018
    Posts:
    498
    Likes Received:
    1
    Many industries have been decimated by the coronavirus and in all honesty a lot of businesses will fall by the wayside due to financial difficulties. Pretty much in line with the human race, it will simply boil down to survival of the fittest.
     

Share This Page