Events And Venues Payment Trends: 2022 vs 2023
Event & Venue Payment Performance: Modest Improvement Seen in 2023 (67.7/100 vs. 66.4/100)
The Comparison
- 2022: 128 companies analyzed with an average payment performance score of 66.4 out of 100.
- 2023: 135 companies analyzed with an average payment performance score of 67.7 out of 100.
What This Means
The analysis shows a slight uptick in payment performance within the Events and Venues sector from 2022 to 2023, however, the 1.3-point increase suggests marginal, and potentially insignificant, improvements in payment efficiency across the sample. While a larger sample size was studied in 2023, this change might not represent a fundamental shift in underlying payment behaviors. Companies can use a late payment calculator to understand the real cost of outstanding invoices.
In 2023, Events and Venues industry is slightly ahead of the 2022 industry average, reaching a score of 67.7/100 against 66.4/100.
