Useful links

Media Support

MPI Summer 2018 Edition of Meetings Outlook Report Now Available



 Meeting Professionals International (MPI) has published its Meetings Outlook, 2018 Summer Edition. A solid seller’s market, contracts and negotiations that are getting more complex, growth in demand for experiential components and the perceptual shift regarding virtual meetings—increasingly viewed as a tool to help from live events, rather than a threat to them—are among the key trends identified in this report.

 

 

Key findings include the following:

 

  • 66 percent of respondents predict favorable business conditions, with a 2.8 percent growth expected over the next year.
  • The majority of respondents (54.9 percent) report that contract negotiations are becoming more complex; 22.8 percent indicate contract negotiations now focus on very different issues than in the past. Only 3.1 percent of respondents view contract negotiations as getting simpler.
  • 67 percent of respondents describe the current business climate as a seller’s market. Only 13 percent claim to be experiencing buyer’s market conditions.
  • For the first time in almost three years of Meetings Outlook survey results, live event attendance is expected to grow more than virtual attendance—though the difference is slight (1.8 percent and 1.7 percent, respectively).

To view the full report,

 

 visit www.mpiweb.org/meetingsoutlook. The report is also included in the print and digital versions of MPI’s The Meeting Professional magazine, August 2018 issue.

 

Meetings Outlook is developed in partnership with MGM Resorts International and supported in partnership with the IMEX Group.

 

 

DETAILS:              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.


Reactions


Share this news


Related news

Air Canada to acquire Air Transat in $520m deal..

Air Canada to acquire Air Transat in $520m deal more

Date : 2019-05-19 18:57:28
PARADISE REDEFINED: Presenting a New Era at The ..

PARADISE REDEFINED: Presenting a New Era at The JW Marriott Marco Island Beach Resort more

Date : 2019-05-15 14:44:52
IBTM Americas 2019 reveals Hosted Buyer recruitm..

IBTM Americas 2019 reveals Hosted Buyer recruitment from new destinations more

Date : 2019-05-07 06:08:08
Orange County in California is the perfect desti..

Orange County in California is the perfect destination for Arabic and Halal cuisine. more

Date : 2019-04-01 18:15:53
Marriott Bonvoy Kicks Off Global Marketing Campa..

Expands Member Experiences through new Marketing Partnership with the World’s Most Recognizable Sports Team, Manchester United more

Date : 2019-02-21 05:23:27
WTTC CEO Gloria Guevara Manzo explains why mille..

On CNN Business Traveller, World Tourism and Travel Council President and CEO Gloria Guevara Manzo explains what’s next for Latin America as business and leisure travellers are becoming increasingly attracted to the area. more

Date : 2019-01-09 06:08:52
Sheraton Gateway LAX Unveils New Conference Cent..

The Sheraton Gateway Los Angeles Hotel, debuts the opening of its new meeting area, The Hub Conference Center, conveniently located near Los Angeles international airport. The recently renovated 7,523 square feet center offers a c more

Date : 2018-07-19 01:49:50
MPI Publications and Creative Teams Receive Nati..

MPI’s Publications and Creative teams have been recognized with four national awards and six regional awards in two national competitions for work published in The Meeting Professional and the World Education Congress convention more

Date : 2018-07-19 01:44:22
Latin America Meeting & Incentive Travel Exchang..

Questex Travel Group, publisher of International Meetings Review, kicked off its fourth annual Latin America Meeting and Incentive Travel Exchange (LAMITE) in Santo Domingo, Dominican Republic. more

Date : 2018-06-21 04:50:16
The Dominican Republic is a paradise on earth an..

Motaz Othman, ATM2018, Dubai...During ATM18, I had the chance to visit Dominican Republic Stand at ATM18, I noticed a big stand with nice decoration and had the chance to meet Ms. Alexandra Strelsova, I asked her: more

Date : 2018-06-19 04:36:45