Meeting Professionals International (MPI) has released the winter edition 2017 of its quarterly Meetings OutlookTM report, which detects a slight slowing of growth. The report says there are indications that the market now “isn’t strictly a seller’s or buyer’s market. A level of equilibrium is being realised in the industry”.
Key findings include:
- Most respondents (68.2%) are optimistic or expect no negative change as a result of the US presidential election
- Half of planner respondents for international association and corporate events, as well as US government meetings, expect a worsening of business conditions
- 23% of organisations that employ meeting and event professionals are increasing the number of employees and/or contractors due to new technology
- Attendance at live and virtual events is expected to grow by 1.3% and 2.4%, respectively.
To view the full report, click here.
Meetings Outlook is developed in partnership with MGM Resorts International and supported in partnership with the IMEX Group.
Meetings Outlook presents future industry trends and predictions from MPI members, including meeting professionals on MPI’s Business Research Panel. Every quarter, research firm Association Insights surveys the panel, asking a short series of quantitative questions related to the economy and a qualitative question regarding the individual’s professional outlook. Phone interviews are also conducted with randomly selected MPI members. The report provides a quarterly tracking of current business conditions and future outlooks.
