The events industry Essay Example | Topics and Well Written Essays - 1500 words

The events industry - Essay Example For instance, in the current world, the amount for raising and sponsoring events is quite higher compared to the way it was several decades ago. As such, it is important to note that the event industry has been undergoing a dramatic change relevant to several issues touching on demands and interests of the organizers and the intended participants. For instance, in the past days, the costs for conducting such events involving local sports were relatively low (Smith, 2009, 53). This involved people coming, watching games and moving back to their residences. However, currently the costs of such local events have increased tremendously. The local events nowadays employ the use of public address systems as well as media involvements. These contribute towards raising the costs of such events. Events may always originate from different sources involving festivals, public events as well as cultures and traditions (Fenich, 2012, 36). However, it is important to note that events differ in their characteristics. Some events are labor intensive whereas others are perishable. Fixed time scales, uniqueness as well as personal interactions always characterize events. However, it is important to acknowledge the fact that the event industry has been critical in ensuring economic development and growth, societal development as well as conservation of cultures (Baum, 2009, 51). There are several categories and typologies of events. Events can be categorized into six main categories. These include the individual events, group events, organizational as well as multi-organizational events. In addition, other categories may include national events as well as international events. Several typologies of events exist relevant to the different categories. Individual events may comprise of weddings, birthday parties as well as private dinners (Goldblatt, 2011, 53). Group events may involve festivals as well as local