Event Organizers Worried by Rising Energy Costs

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There are big question marks in the minds of event organizers because no one knows how the new energy prices will affect the exhibition industry, Gábor Ganczer, president of the Association of Hungarian Event Organizers and Service Providers (MaReSz), and CEO of Hungexpo Zrt. told business daily Világgazdaság.

After a successful first half of the year and an eventful summer, the event organizers in Hungary expect a much quieter H2, he said.

Due to the explosion in energy prices, they have been forced to re-plan and set flexible pricing based on the stock exchange rates of electricity and gas.

Additionally, hotels preparing to go into "utility quarantine" could push the entire sector into the red, Ganczer added.

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