IDEAS home Printed from https://ideas.repec.org/a/ces/ifosdt/v73y2020i10p58-62.html
   My bibliography  Save this article

Trade Fair Cancellations Cause Major Economic Losses

Author

Listed:
  • Horst Penzkofer

Abstract

The cancellations of almost all trade fair events led to serious losses in sales. Compared to a normal trade fair year, the production volume induced by the expenses of exhibitors and trade fair visitors is likely to be around EUR 21 billion lower this year and tax revenue will fall by around EUR 3.4 billion. The trade fair cancellations will also change the trade fair participation behavior of exhibitors. Around 40 percent of exhibitors no longer want to participate in as many trade fairs.

Suggested Citation

  • Horst Penzkofer, 2020. "Trade Fair Cancellations Cause Major Economic Losses," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(10), pages 58-62, October.
    • Handle: RePEc:ces:ifosdt:v:73:y:2020:i:10:p:58-62
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/sd-2020-10-penzkofer-messeabsagen-corona.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Messe; Veranstaltungswirtschaft; Branchenentwicklung;
    All these keywords.

    JEL classification:

    • L89 - Industrial Organization - - Industry Studies: Services - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:73:y:2020:i:10:p:58-62. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.