All party and event rental business respondents indicate event cancellations leading to a loss of revenue when compared to 2019. Nearly 55% report revenue loss in excess of 60% and 15.63% of respondents experiencing 46% to 60% loss of revenue. Of these cancellations, the majority are corporate, private, festival and charitable events.
The survey results representing construction/industrial and general tool/DIY members indicate a lesser economic impact, albeit concerning. As of March 16, 37% have indicated no revenue loss, 32.92% experiencing up to 15% revenue loss and less than 3% reporting loss of more than 60% of rental revenue.