History Facts of Event Planning

  Event Planners can be defined as the systematic management of events and gatherings according to Event Planning America. This industry is one of the emerging sectors with a promising future. When we look back in history,  event planning was hardly considered a profession and now it is one of the most successful professions in the service. There is no set time that dates back when the industry of Event Planning began but there are some facts about how it is evolving into what it is today. This industry has taken a positive turn in the last two decades and has grown enormously. The Entrepreneur website for Event Planning says the annual spending for the special events worldwide is estimated at over $500 Billion dollars and is still growing. Over the last century the massive developments faced by all nations and this has uplifted lifestyles of individuals and business making it important for the industry.

          A reason why the industry has grown is because of globalization. This has added to the national businesses calls on event planners to plan their own special event. Event planners are helpful in large corporations because there are a lot of things that need to be established on top of work that might be easier for a planner to do.  The social and corporate markets are the two that are most likely to hire a planner. These days, the social event market is booming due to the baby boomers. “As the baby boomers age, they have more to celebrate-and do” (Entrepreneur.com)! These boomers are celebrating milestone birthdays, and other achievements in their life. Another event that is becoming popular in the younger generation is the children’s birthday parties. Over the top first birthday celebrations and amazing sweet 16s are contributing to the rapid growth in the event planning industry.

          Studies have shown that the average planner will earn about $60,000. These earnings do not come over night. It takes an event planner two to three years to make a healthy profit and the main reason for that is because clients come from word of mouth. The referrals from other clients help spread the word about the specific company and if it is successful or not

          Event planning is continuing to grow in a positive direction with more power and strength and it is going towards a goal of excellence among other service sectors too.

          The websites where I got some of these facts are http://www.entrepreneur.com/downloads/guides/1313_Event_Planning_ch1.pdf and http://eventplanningamerica.com/article-details.aspx?aid=39&title=Development-of-Event-Planning-Over-the-Last-Century If you are interested in the history of this industry, these  websites are great informatives.