DALLAS — Meeting and event industry projections remain solidly positive as planners and suppliers adapt and learn to thrive in the evolving seller’s market landscape, according to the latest installment of Meeting Professionals International (MPI) quarterly Meetings Outlook special report, it was announced Aug. 1.
Key findings include the following:
The past year has seen a 12 per cent drop in respondents that project positive growth for upcoming live event attendance (down from 62 per cent); yet live and virtual attendance figures are still expected to grow 1.5 per cent and 2.5 per cent, respectively.
Thirty per cent of respondents are avoiding destinations that have laws prohibiting universal restroom use, while 19 per cent are avoiding locations with liberal handgun or weapons laws.
Sixty-three per cent of respondents predict favorable business conditions for the year ahead.
Twenty-seven per cent of respondents said political elections have a significant influence on meetings and events.
To view the full report, click here.
Meetings Outlook is now 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.
Meeting Professionals International (MPI) is the largest meeting and event industry association worldwide. The organization provides education, networking opportunities and business exchanges, and acts as a voice for the promotion and growth of the industry. MPI has a global community of 60,000 meeting and event professionals, including more than 17,000 engaged members and its Plan Your Meetings audience. It has more than 90 chapters and clubs in 24 countries.