The show halts for event management companies amid coronavirus outbreak

Cancellation of at least Rs 3,000-crore worth of business has happened in the past few weeks

The spate of cancellation and postponement of domestic events because of the COVID-19 outbreak has left the industry gasping. Estimates by top event management companies is that at least Rs 3,000 crore worth of cancellations and postponements have happened in the past few weeks, affecting business between March and May, considered a crucial period for the market.

These cancellations and postponements have extended to both small and big events in corporate, leisure, entertainment, sports and retail segments across cities, mirroring the trend worldwide. With coronavirus cases growing rapidly in India and community transmission being a real threat, there is uncertainty about