Integrity Research: Investor Conferences Slip While Cancellations Rise in 1st Qtr 2020
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According to data provided by Boston-based corporate events data provider Wall Street Horizon, the number of investor conferences and events actually held during the 1st Qtr 2020 slipped 4.0% to 1503 events compared to the 1566 events held during the same period in 2019. At the same time, the spread of the COVID-19 pandemic caused the number of events that were cancelled to surge during the 1st Qtr.
1st Qtr Investor Conferences
During the 1st Qtr of 2020, the number of investor conferences and events that took place dipped 4.0% to 1,503 events, compared to the 1,566 events held during the same period in 2019. When compared to the 4th Qtr of 2019, the number of events held during the 1st Qtr plunged 31.7% from 2201 events to 1503 events.
The number of investor conferences and related events that were cancelled during the 1st Qtr 2020 surged to 88 events as the COVID-19 pandemic prompted many organizations to rethink holding their events. This compares to no events canceled during the 1st Qtr of 2019, and just 5 events cancelled during the 4th Qtr of 2019.
Of the 1503 events held during the 1st Qtr of 2020, Wall Street Horizon identified 45 events that were held as virtual conferences or events. Given the widespread travel restrictions and stay at home orders that were issued in many countries, we suspect that a majority of the events held during February and March were probably virtual in some way.