News and Insights

Here’s something I don’t write about often: events thriving in financial uncertainty.

Events Thriving Despite Economic Down Turn
The 'Event Industry Report 2024: Australian Edition' by Cvent highlights a surge in optimism, with 68% of event organisers planning to expand their portfolios.
Picture of Luli Adeyemo

Luli Adeyemo

Director & Founder of Best Case Scenario

The recently published “Event Industry Report 2024: Australian Edition” by Cvent underscores a notable optimism, revealing that 68% of event organisers are actively planning to expand their event portfolios. At Best Case Scenario, we are witnessing firsthand the resurgence of in-person events becoming a pivotal strategy for organisations seeking to foster deeper engagement and connectivity with their target audience. 

Deloitte’s 2023 Global Marketing Trends report further emphasises the strategic importance of events amidst ongoing global financial uncertainties, including inflation and supply chain disruptions. Rather than curtailing expenditures, brands are increasingly doubling down on their marketing investments, particularly in enhancing customer personalisation. I know first hand how this is crucial for optimising the event experience, ensuring seamless transitions from pre-event marketing initiatives to immersive on-site engagements that resonate with attendees on a personal level.

Moreover, Deloitte’s findings highlight a resounding consensus among industry leaders, with 86% of respondents acknowledging the transformative power of creativity in driving long-term organisational success.

It’s worth noting that again we are seeing a trend of organisations reaching out to agencies for a shot of creativity when it comes to event planning, the days of just making sure there is enough stand-out swag are gone and the focus is on unique experiences.  

Our belief is that events are not a standalone marketing endeavor, but are integral components of a broader strategy to inform, network, and nurture potential clients throughout their buyer journey.

By leveraging events as dynamic platforms for innovation and growth, businesses can effectively cultivate meaningful connections that transcend traditional boundaries, fostering lasting impressions and tangible business outcomes.

At Best Case Scenario, our commitment extends beyond orchestrating memorable events; we empower our clients to harness these industry trends to craft immersive and impactful experiences that leave a lasting imprint on attendees.

These insights from both Cvent and Deloitte help us guide and inform our innovative strategies and resilient practices that define the future of event marketing in Australia.

 

Share this post