RESEARCH OF CHANGES IN JOBS AND TURNOVER OF EVENT INDUSTRY COMPANIES IN 2018-2020: LITHUANIAN RIA CASE

Abstract

In today's economy the events industry is very important. It has multiplied impact on other activities: transportation, catering, accommodation, retail chains, advertising agencies and etc. This means that during crisis periods negative consequences have a domino effect. Pandemic restrictions struck mentioned industry in high rates. Different studies indicate loss from 50% to 90% of participants and income. That’s why main aim of this research is to find out changes in jobs and turnover of event industry companies in 2018-2020, according to Lithuanian Event Industries Association (RIA) case. According authors’ research pandemia and state actions had a negative impact on respondents' income and the number of events organized. The number of events decreased by 69,3%. Although the numbers are grim, they are similar to the results in other countries. Interesting fact is that decline in the number of employees was less significant than the decrease in income. This indicates that analyzed companies considers the existing difficulties as temporal and don’t want to waste their staff.