Meetings and Events Industry News

Companies that raised money before the crisis are sailing through it. Look at Groups360, which got $50 million from Marriott International, IHG, Accor, and Hilton a year ago, and has grown since.

In a sign of the times in events, Restream announced it has secured a big financing round led by Sapphire Ventures and Insight Partners. The company now aims to eat away at some of Zoom’s market share.

All types of business events are in danger of their revenue streams of tickets, sponsorships, memberships, and other types of fees being eroded. This is happening as the world gets used to digital formats and alternatives emerge to physical networking, matchmaking, and other tasks we get out of these events. The threat sounds familiar?