DALLAS — The latest installment of Meeting Professionals International’s Meetings Outlook projects moderate growth in overall business conditions for the foreseeable future, it was announced Nov. 1. This finding has been consistently positive in prior editions of the report as published throughout 2016.
According to the fall edition of Meetings Outlook, 67 per cent of respondents cite favorable business conditions for the year ahead — up 4 per cent over last quarter.
In addition, 15 per cent of meeting professionals have increased threat awareness and response preparedness; 14 per cent claim security has influenced destination selection.
Attendance for live and virtual meetings continues to see predictions of growth, by 1.9 per cent and 2.4 per cent, respectively.
The top categories in which meeting professionals expect to see budget increases for 2017 are security concerns and new technology tools — cited by 34 per cent and 22 per cent of respondents, respectively.
To view the revised full report, click here. The report is also included in the print and digital versions of MPI’s The Meeting Professional magazine, November 2016 issue.
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.
Meeting Professionals International (MPI) is the largest meeting and event industry association worldwide. The organization provides innovative and relevant education, networking opportunities and business exchanges, and acts as a prominent 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 members and its Plan Your Meetings audience. It has more than 90 chapters and clubs in 24 countries.