Tag: survey

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Australia’s Great Barrier Reef is recovering from bleaching events but still ‘very vulnerable’: Survey

Australia’s Great Barrier Reef is recovering from bleaching events but still 'very vulnerable': Survey

According to a survey, Australia’s Great Barrier Reef has recovered from storms and bleaching events to record levels. As per officials, though this is great news, the new coral is extremely vulnerable and can quickly tarnish by climate change and other environmental threats. The northern and central parts of the reef have the highest amount of coral cover. This stands true since coral monitoring began, roughly 36 years ago. However, the southern part of the coral cover reef has decreased. The Australian Institute of Marine Science (AIMS) scans the reef to check its health, each year. They do so by using divers slowly towed by a boat, as well as aerial surveys. 

The fourth mass bleaching was confirmed in March and since then, AIMS had grave concerns, especially ahead of this year’s study. The chief executive of AIMS, Paul Hardisty said, “In our 36 years of monitoring the condition of the Great Barrier Reef we have not seen bleaching events so close together”.

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 As per the latest results, the reef cover can recover if suitable conditions persist, but acute and severe disturbances are becoming more frequent and longer at the Great Barrier Reef. 

Also read | Australia’s Great Barrier Reef suffers sixth mass bleaching event

A major threat to the Great Barrier Reef is posed by the damaging waves of tropical cyclones and coral-eating crown-of-thorns- starfish. In fact, much of this new coral growth that belongs to a species called Acropora is exposed to this threat. 

Due to its enormous scientific and intrinsic importance, the Great Barrier Reef has been listed on the World Heritage list for 40 years, as one of the most biodiverse ecosystems in the world. According to UNESCO, the UN’s scientific and cultural body, “not enough” is being done to protect the reef.

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If the authorities that manage the Great Barrier Reef, i.e. the Great Barrier Reef Marine Park Authority are to be believed, the outlook for the icon is “very poor” due to climate change.

Though this news comes as a ray of hope for conserving biodiversity, the challenges that lie ahead are significant.

(With inputs from agencies)

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According to Carats & Cake’s First B2B Survey, 87 Percent of Event Venues and Vendors are Optimistic About the State of their Industry Coming Out of the Pandemic

According to Carats & Cake’s First B2B Survey, 87 Percent of Event Venues and Vendors are Optimistic About the State of their Industry Coming Out of the Pandemic

NEW YORK–()–Carats & Cake, the financial operating system for the events industry, today announced findings from its first quantitative B2B survey of event venues and vendors. The results revealed that 2022 restored optimism for the events industry and the wedding market is not slowing down heading into 2023. The Carats & Cake B2B Study gathered intelligence from wedding and events industry venues and vendors to better understand the landscape and priorities coming out of the pandemic.

While the pandemic affected the wedding and events industry greatly, the survey results revealed that 87% of respondents are optimistic about the current state of the events industry. In fact, 67% of respondents are fully booked for 2022 and 78.6% are already booking up for 2023, further showing that this year’s wedding boom is not slowing down. 89.9% of respondents did note that they feel helping their customers manage their budgets is somewhat to very important, making flexible payment solutions of great value given rising inflation.

Coming out of the pandemic, consumers are more cautious as they plan for big events with 57.3% of survey respondents revealing that new contract terms around cancellations are becoming common. 79.1% of vendor and venue respondents have not canceled or rescheduled any 2022 weddings pointing to a renewed sense of stability and confidence in moving forward with large scale events.

The results also revealed that:

  • 87.4% of respondents are primarily booking events with over 75 guests
  • 67.3% of respondents are working on weddings with a combination of indoor and outdoor settings
  • 59.9% of respondents feel the wedding market is “very hot” right now
  • 41.2% of respondents added new service offerings in light of the pandemic

“It’s clear that large scale events are back and bigger than ever. In this market, however, consumers are being even more conscientious about how they spend their budgets and venues and vendors are stepping up to ensure they’re part of the solution,” said Jess Conroy, Founder and CEO, Carats & Cake. “Our venue partners and industry vendors are getting heavily booked and are busy years in advance. Our survey results show that couples, while more aware of potential risks and ways to mitigate them, are feeling confident with booking and making their events come to life.”

To access the full results of the Carats & Cake survey, please visit: https://caratsandcake.com/articles/2022-wedding-industry-survey

About Carats & Cake

Carats & Cake is the financial operating system for the events industry. Built by industry leaders, Carats & Cake has cultivated nearly a decade of trust with best-in-class businesses. Founded in 2013 and backed by 1Sharpe Ventures, Acrew Capital, Founders Fund, Moore Specialty Credit, Correlation Ventures, GMO VenturePartners, and others, Carats & Cake delivers purpose-built sales tools and financial solutions to transform the $100B events industry.

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Cities hosting major sporting events lack communications strategy, survey finds

Burson Cohn & Wolfe has revealed the results of its latest survey that looked into the significance of gaining international recognition for host cities ©BCW

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