Special Events Magazine - Event Architects recognized as 2009 Top 50 Event Company
Date Posted: September 21, 2009
Edited
by: Lisa Hurley
While
2008 saw booming business for event professionals involved with mega events
such as the Summer Olympics and the U.S. presidential campaign, the year closed
with crashing markets and crunched credit lines.
No
surprise, then, that the median change in revenue from 2008 to 2009 that our
big players predict is a 10 percent decline. But as
you can read below, the experiences of individual companies vary widely, with
some scrambling to make up losses of close to 70 percent by picking up social
business while others expect an even stronger year in 2009.
A notable
aspect of this year's list is that while revenue will be down, the falloff in
number of events shows a median decline of only 1 percent. It appears that
event companies are staying busy--and in business--with smaller events.