Industry predictions for 2023: ‘The outlook is not as rosy as we may like’

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Predictions for 2023 Photo Credit: Unsplash

“After a tumultuous 2022, you’d be forgiven for hoping for a more settled climate next year” – the sentiment from venuedirectory.com managing director, Michael Begley. 

Michael BegleyPhoto Credit: Supplied

“However, with the Office for National Statistics confirming earlier this month that we’re in a recession, resources are being squeezed tighter than ever, and the outlook is not as rosy as we may like. 

Begley shares his predictions and hopes for the events industry as we approach 2023.

  • To achieve net zero by 2050, corporate procurement teams must make it mandatory that all venues booked must have an audited sustainable accreditation. Recognised schemes such as Green Key, Green Tourism Standard, Green Meetings from Green Tourism and ECOsmart enable venues to demonstrate, measure and – crucially - build on their commitment to sustainability.
  • Agents should look to streamline the number of venues they request proposals from to ensure a better chance of success and save everyone's time. With many venues now operating with fewer staff, some are struggling to handle the sheer volume of incoming enquiries – our recent analysis showed that in 2019, 76 per cent of RFPs were answered within two hours compared to just 58 per cent this year. 
  • Wellbeing needs to remain a top priority. While the challenges of the pandemic may have diminished, another wide-reaching upheaval has taken its place: the cost-of-living crisis. With event professionals only rating their general wellbeing as 6 out of 10 (according to the Event Marketing Association), we need to be mindful of the stress our industry friends are under and give them the space and support needed during the tough times ahead.
  • My final wish for next year is for the community spirit that powers our industry to continue and grow. The pandemic proved how our sector excels in coming together and collaborating. Since then we’ve seen the launch of numerous partnerships, such as the Net Zero Carbon Events Initiative, which unites organisations under a shared sustainability goal. As event professionals, we excel at bringing people together and I’d like to see that collaboration continue in the year ahead.
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