Digital platforms of trade fairs complement live events
It is impossible to imagine life without the internet and digitalised processes. During the coronavirus pandemic, many trade fair organisers developed digital platforms for cancelled trade fairs. Since the end of the pandemic restrictions, there is no longer any demand for digital trade fairs. Studies show that over a third of exhibiting companies (35 per cent) were unable to replace the benefits of trade fair participation with other marketing tools during the pandemic. Meanwhile, digital platforms for trade fairs that are offered in parallel to the live event have become established. They can be a first point of entry and enable participation if travelling to the industry event is not possible. The aim is not to digitalise the trade fair, but to combine the best of digital and presence. Digital events do not necessarily take place alongside the trade fair, but also before and after it.
The coronavirus pandemic and the associated two-and-a-half-year ban on trade fairs have left deep scars on the German trade fair industry: almost 670 cancelled trade fairs since March 2020, up to 87 per cent fewer exhibiting companies and visitors at the few trade fairs held between the lockdowns, as well as more than 60 billion euros in overall economic losses and around ten billion euros less in tax revenue. This is the industry's final calculation for the expiry of the coronavirus standards in the Infection Protection Act in April 2022. At the height of the pandemic, up to 180,000 jobs in the industry could only be secured through short-time work.
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