Government Support and Future Confidence Report 2021

The business events industry, which comprises meetings, incentives, conventions and exhibitions, was one of the first industries to be impacted by COVID-19, one of the hardest hit and may be one of the last industries to recover due to the long lead times between booking and actually holding a business event.

Following an initial industry survey conducted by BECA in June 2020, BECA surveyed the industry again in February 2021 to: 

- assess the operating environment for business events businesses and the impact of government support mechanisms
- measure the level of business confidence and future business expectations.

The Government Support and Future Confidence Report’s key findings for 2021 clearly demonstrate the need for ongoing support:

1. While 87% of business events businesses accessed the initial JobKeeper program to September 2020, reliance on the wage subsidy continued with 85% of businesses still accessing the program for the January to March 2021 period.
2. With the cessation of JobKeeper without further government support, 47% of businesses will make more staff redundant, and 23% of businesses will close.
3. 61% of business events businesses saw a 75-100% reduction in turnover for 2020 compared to 2019, while 44% forecast the same result for the 6-months to June 2021.
4. The business events industry has also seen a shift in confidence with 50% now believing they will return to pre-crisis levels in '3-5 years' – a significant 10% shift from the '1-2 year' response in July 2020.

The Government Support and Future Confidence Report is the collation of quantitative and qualitative data gathering by the Business Events Council of Australia through an online survey that was completed by businesses working in the business events industry.

  

BECA Government Support and Future Confidence Report 2021



Future Confidence and JobKeeper Impact Report 2020

BECA called for the extension of JobKeeper to keep the business events industry alive. To support this, an industry wide survey was conducted in June 2020 to assess the impact of the JobKeeper program on business events businesses and measure the level of business confidence and future business expectations.

The Future Confidence and JobKeeper Impact Report is the collation of quantitative and qualitative data gathering by the Business Events Council of Australia through an online survey that was completed by businesses working in the business events industry.

BECA Future Confidence and JobKeeper Impact Report 2020