Lack of clarity on when events will resume, pending exhaustion of resources likely to bring associations together on missions to survive
July 24, 2020
By William Ehart
With COVID-19 cases rising and a resumption of face-to-face meetings and many other normal economic activities looking further out, more and more associations are evaluating survival options.
Among those: combining with or being acquired by another organization.
When the Association for Corporate Travel Executives announced its liquidation on July 7, the group said it failed to find a merger partner.
Efforts to “find a home for the ACTE community within a larger organization” were doomed by the spike in virus cases, which “have made investors and partners justifiably pessimistic around the viability of event-based organizations for some time to come,” according to the statement on ACTE’s site.