Weddings and some other events will be likely be reschedule after this blows over. Some events will just get canceled, so there will be a loss of income for some. It should be a short-term thing.I spoke with a person who works for a photo booth company tonight. ALL of the company's business is Corporate.
ALL of their events for the next 2 months were cancelled by the clients. They had to lay off their part time receptionist just today. They told all their sub contractors that work for them they have no work for them for the foreseeable future.
My next event is not until April 25th. It is a wedding. And then May is quite busy. I hope this all clears up by then and none of us have weddings cancel. ...One good thing is that March is usually SLOW for weddings. We don't have any booked this year. So I have no events to lose this month.
Travel to Europe is banned for 30 days starting Friday night on Friday. The implications of all of this is going to slow the economy down BIG TIME. People planning events will hold off to book vendors for events, so expect things to be very quiet for at least the next 40-45 days or so on the booking front.
I am wondering if upcoming wedding/bridal shows will get cancelled because of all of this.
Show me a business that doesn't need money to run and I'll show you a business that's not financially hurt. To expand on this, if you have a business and are properly prepared, then this most likely will not bother you - other than the loss of income for 'x' amount of time. If you are not properly prepared, then this will most likely hurt really bad.
And luckily for many of us....Kind of a dumb question, because any time you don’t have the income you expected, it hurts financially. Most of us are not gonna be devastated by it. Canceled gigs happen even without a pandemic.