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    The document discusses the significance of the events industry. It notes that the events industry is one of the fastest growing industries and discusses some pros and cons of working in the industry. Specifically, it notes that the events industry is an important subsector of tourism because it contributes both quantity and quality. It also discusses the concept of the multiplier effect and how money spent on events generates additional economic activity.

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    The document discusses the significance of the events industry. It notes that the events industry is one of the fastest growing industries and discusses some pros and cons of working in the industry. Specifically, it notes that the events industry is an important subsector of tourism because it contributes both quantity and quality. It also discusses the concept of the multiplier effect and how money spent on events generates additional economic activity.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    32 views17 pages

    Lesson3 - Industry PDF

    Uploaded by

    Gilarie Alison
    The document discusses the significance of the events industry. It notes that the events industry is one of the fastest growing industries and discusses some pros and cons of working in the industry. Specifically, it notes that the events industry is an important subsector of tourism because it contributes both quantity and quality. It also discusses the concept of the multiplier effect and how money spent on events generates additional economic activity.

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    © All Rights Reserved
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    of 17

    EVENTS MANAGEMENT

    Significance of Events Industry

    BY: Liz Morales


    At the end of the lesson, the students are
    expected to...
    ⮚ Identify the significance of the Events Industry tothe learner’s and
    country’s development.

    ⮚ Elucidate the concept of multiplier effect.


    Events Industry

    The events industry is one of the fastest moving


    industries in the world right now. Despite the
    challenges of the past couple of years, it’s also an
    incredibly popular industry to work in.
    PROS & CONS OF EVENTS
    INDUSTRY
    PROS OF EVENTS INDUSTRY

     No two days are ever the same

     It’s all about problem solving

     It’s a job about people


    Events are planned by teams.

     Creativity is key
    If you’re a problem solver, a people person and
    creative, you’ll go a long way in the events industry!
    PROS & CONS OF EVENTS
    INDUSTRY
    CONS OF EVENTS INDUSTRY

     The long hours


     Unsocial hours
     It requires a lot of staying power

     It’s very stressful

     The buck stops with you


    If an event goes wrong, it’s on you. If a client isn’t happy, or worse, disappointed,
    it’s on you.
    Significance of Events Industry
    Significance of Events Industry

    • Some professionals make a career out of


    organizing festivals and other event
    Significance of Events Industry

    • The events industry is considered an important


    subsector of tourism for two major reasons:
    – Quantity
    – Quality
    Significance of Events Industry
    Significance of Events Industry
    The Multiplier Effect
    Activity

    As you continue to learn about our topic, for this


    module’s activity you are required to browse and
    watch the YouTube links below.

    https://www.youtube.com/watch?v=l
    Shcx6hLy24
    Assessment

    Since you have learned about the multiplier


    effect,what you will do is to draw a diagram
    illustrating the multiplier effect in the
    events industry. (submit after foundation
    day March __)
    THANK YOU!!
    https://eventacademy.com/events/what-working-in-the-events-
    industry-is-really-like/
    https://www.linkedin.com/pulse/introduction-event-
    industry-rupesh-surve
    https://www.slideshare.net/mervynmaicoaldana/lesson-3-the-
    significance-of-the-events-industry-77359217

    https://marketbusinessnews.com/financial-glossary/multiplier-definition-
    meaning

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