Meeting Professionals International (MPI) has published its Meetings Outlook, 2016 Summer Edition. The latest installment of the quarterly special report indicates meeting and event industry projections remain solidly positive as planners and suppliers adapt and learn to thrive in the evolving seller’s market landscape.
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 revised full report, visit http://bit.ly/2aUmOgZ. The report is also included in the print and digital versions of MPI’s The Meeting Professional magazine, August 2016 issue.
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.