Meeting Professionals International (MPI) has published its Meetings Outlook, 2017 Summer Edition. The latest installment of the quarterly report forecasts a continued healthy market, with indications of anticipated increases in employment, business conditions and both live and virtual attendance.
Key findings include the following:
- The majority of respondents envision a seller’s market continuing throughout 2017 (70 per cent) and into 2018 (69 per cent)—although the strength of this swing is only slightly in favor of suppliers, nearly a balanced market.
- Fifty-four per cent of respondents anticipate increased sponsorship budgets in 2018, compared to this year.
- Attendance at live and virtual events is expected to grow by 1.6 per cent and 2.4 per cent, respectively.
- Fifty-six per cent of respondents predict favorable business conditions—down since last quarter, suggesting some signs of slowing or uncertainty.
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 2017 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.