Event Planning

The earnings and job prospects of meeting, convention, and event planners are sensitive to ups and downs in the economy. During recessions, companies have less money to spend to fly employees to conferences or to reward sales workers with incentive meetings at lavish resorts. Cash-strapped businesses are more likely to economize by using video conferencing in place of face-to-face meetings and to find lower-budget venues for incentive meetings. Families hosting a wedding during a recession also tend to cut back on their expenses either by planning the event by themselves or by making the wedding a less elaborate affair, one that will require less of a professional planner's time.

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