COVID-19 IMPACT ON THE Audio Visual INDUSTRY
in Dubai and across UAE
The Dubai Tourism is an important sector for economic growth as it brought in millions of visitors & incentive groups that came not just from the investment perspective but also to hold many important conferences, meetings, and social gatherings. Unfortunately, the COVID-19 has had a massive impact on this industry, which co-relates with the Audio Visual Equipment Rentals industry as well.
The Covid-19 pandemic has affected most markets and businesses but perhaps no the single industry has not been hit hard as the AV Rentals industry. Many Audio Visual Equipment Rental companies felt the effects of the pandemic within the first few months since the pandemic hit UAE with event cancellations and a complete loss of revenue and nothing in the pipeline.
The Covid-19 has hit the AV Rental industry so hard, that many companies
especially small businesses are in no position to continue and are closing down.
The Audio Visual Equipment that these small businesses owners cannot be put to use elsewhere in any other industry, as these are specific equipment used only in the rentals/events industry. Due to the UAE Government’s ban on social gatherings like weddings, meetings & exhibitions, the AV rentals industry is completely out of business & future looks blurry and uncertain.