Focus on domestic events
Local and national events would likely be prioritised before regional and international gatherings, with hybrid events helping to engage international audiences in the near term.
Sharing financial risk
A more equal approach to sharing the financial risk between rights holders and host destinations will be paramount, with significant changes to how hosting agreements are structured.
Bespoke approach
Taking a bespoke approach to events and conducting case-bycase analyses will be necessary in order to find the right solution for each specific event.
Protecting existing events
Bidders and hosts will be more focused on events to which they have already committed and delivering those events in the best way possible amid current restrictions.
Percentage budget cut
Event hosting budgets could be cut by as much as 65 per cent, but figures vary. Some members said there may be an increase in budget to help comply with new regulations and stimulate economic recovery.
Milestone payments
Milestone payment systems could be employed as a potential solution to dealing with bidding and hosting fees moving forward.
Information sharing is key
IAEH members will seek to share information, knowledge and training, especially on ‘new normal functioning’, such as best practice on health protocols and digital event impact measurement.
Shift in priorities
Members will seek to prioritise residents’ sentiments and community value when bidding for and hosting an event.
Focus on domestic eventsLocal and national events would likely be prioritised before regional and international gatherings, with hybrid events helping to engage international audiences in the near term.
Sharing financial riskA more equal approach to sharing the financial risk between rights holders and host destinations will be paramount, with significant changes to how hosting agreements are structured.
Bespoke approachTaking a bespoke approach to events and conducting case-bycase analyses will be necessary in order to find the right solution for each specific event.
Protecting existing eventsBidders and hosts will be more focused on events to which they have already committed and delivering those events in the best way possible amid current restrictions.
Percentage budget cutEvent hosting budgets could be cut by as much as 65 per cent, but figures vary. Some members said there may be an increase in budget to help comply with new regulations and stimulate economic recovery.
Milestone paymentsMilestone payment systems could be employed as a potential solution to dealing with bidding and hosting fees moving forward.
Information sharing is keyIAEH members will seek to share information, knowledge and training, especially on ‘new normal functioning’, such as best practice on health protocols and digital event impact measurement.
Shift in prioritiesMembers will seek to prioritise residents’ sentiments and community value when bidding for and hosting an event.