Meeting Professionals International (MPI) has published its Meetings OutlookTM, 2017 Spring edition.
The latest instalment of the quarterly report shows the forecast for business conditions and budgets continues to improve at a healthy rate. It also reveals how audiovisual partners have an increasingly powerful role in the outcome of successful events, while planners are driven to focus more on myriad aspects of contingency planning.
Key findings of the new report include the following:
- 69% of respondents predict favourable business conditions – up 11% since last quarter.
- 48% report good availability of space for 2017 meetings; 61% say the same for booking 2018 meetings.
- 21% have significantly increased sustainability practices in the past five years; 28% have either decreased or not increased such practices.
- Attendance at live and virtual events is expected to grow by 1.8% and 2.7%, respectively.
For full report, click here.
Meetings Outlook presents future industry trends and predictions from MPI members, including meeting professionals on MPI’s Business Research Panel. It is developed in partnership with MGM Resorts International and supported in partnership with the IMEX Group.