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A Comparative Analysis of the Perceived Effects of Two Economic Recessions on Event Organizations

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Abstract:

Events have emerged as a growing and vibrant segment of tourism economies and there is significant evidence of associated economic, sociocultural, and political impacts on local host communities. while there are numerous studies that have determined the economic impact of individual events, there are few that focus on the influence of a changing economic climate on event organizations. this study compared feedback generated by two studies where event management professionals indicated the perceived effects of the economic recessions that spanned from 2000–2001 and 2007–2010. the results indicated a significant difference in the perceived effects of these two recessionary periods. Event professionals were found to have a more conservative view regarding future organizational performance after the 2007–2010 recession in comparison to forecasts accompanying the 2000–2001 recession. Specific recession impacts and methods event professionals employed to reduce financial exposure are identified.

Keywords: ECONOMIC RECESSION; EVENT ORGANIZATIONS; TOURISM ECONOMIES

Document Type: Research Article

DOI: https://doi.org/10.3727/154427212X13431568321582

Publication date: 2012-09-01

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  • Tourism Review International is a peer-reviewed journal that advances excellence in all fields of tourism research, promotes high-level tourism knowledge, and nourishes cultural awareness in all sectors of the tourism industry by integrating industry and academic perspectives. Its international and interdisciplinary nature ensures that the needs of those interested in tourism are served by documenting industry practices, discussing tourism management and planning issues, providing a forum for primary research and critical examinations of previous research, and by chronicling changing tourism patterns and trends at the local, regional and global scale.
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