More than 100 conferences have announced they are shutting down or reducing their length of conferences in the coming months, according to an analysis by The Globe and Mail.
The Globe analyzed more than 600 conferences from 2016 to 2020 to determine when conferences are going to end or reduce.
This year, the total number of conference meetings dropped to about 1,200 from 2,200 in 2016.
More than 80 percent of conference sessions are now held online.
The analysis found that most conferences are still open, but many are taking their time to adjust their programs to meet the changing times.
The Globe also found that there is a strong correlation between the length of a conference program and the number of attendees.
More people are attending conferences online than at the physical event, which means more people are also online.
The length of conference programs has increased by nearly 40 per cent in the last 10 years.
That translates to an average attendance of about 2,500 people, compared to about 2.5,500 in the 1990s.
Conference management has become a key skill in the job market.
Many people are going into business for the first time after college, and many of them have never been in the conference business.
A conference program is the foundation of a company’s future success.
“It’s not just about going to the conference,” says Bill Smith, a business consultant based in Ottawa.
“There’s a lot of other things that you need to do as well, and you can’t just put your money into a conference without having an understanding of what it is that it is doing.”
Some people will attend a conference with the intent of developing a business, while others will take it as an opportunity to build relationships.
Conference management is an essential skill, especially in a rapidly changing market.
“When people think of conference management, they usually think of the conference itself, not the people who go to it,” says Smith.
“The more that you have a relationship with people, the more likely you are to have a successful conference.”
The Globe’s analysis shows that the average conference attendance has been on the decline since 2010.
In the past decade, the number has dropped by more than 60 per cent.
“I think it’s very important to remember that the way you create a business is to understand the business,” says Steve Jansen, CEO of the Canadian Association of Business Management Associations.
“So if you think about it, how are you going to make money if you’re not creating a business?”
The Globe examined the cost of a typical conference, including the cost to the event itself, accommodation, food and refreshments.
Most attendees would not expect to pay more than $150 for a three-day conference.
The average price of a hotel room in Canada is $1,150, compared with $1.50 in the United States.
The price of food and beverages is typically higher in the U.S.
The analysis shows the cost per conference session has also increased by more the last decade.
The cost of the average three-session session is now about $1.,500, compared for the same period in the decade prior.
The cost of lodging for one person in the same conference room is also rising, as are the cost for meals, snacks and refreshment.
Conference attendees often don’t take a hotel bed or a bathroom break, but they may eat a snack at home.
In some cities, people can use a personal bathroom or shower.
The study also found the cost varies depending on where the conference is held.
Concerts typically cost more in the capital cities than the smaller cities, where people tend to be more familiar with their city and have a higher number of resources.
The Cost of a Conference in CanadaThe cost per hour for the three-hour conference session in Canada was $939 in 2016, compared of $849 in the UK, $1 of which was for meals and $1 for refreshments, according the analysis.
That’s an increase of more than 50 per cent over 10 years, and nearly double the cost in the city of Ottawa.
The average cost per person in Ottawa is $2,072.
The number of people attending the conference has risen by more people since 2010, but the cost has stayed the same.
Concourse attendees can also get away with eating out at restaurants, or in hotel rooms.
Restaurants typically charge a flat rate, which varies depending upon the location.
The cheapest meals in the Capital Region, however, typically cost $1 to $2 more per person than the cheapest food options in smaller cities.
Food and refreshMENTAL CONFERENCE SERVICESIn 2016, there were more than 10,000 conference-related events held worldwide.
More conferences are planned in the next few years.
The U.K., Canada and Australia are planning more conferences.
The number of business professionals attending a conference is also growing.
The survey shows more than 20 per cent of business executives and managers attend a business meeting, compared.
More business executives are expected