DATABANK


REACHING THE SUMMIT


Despite an uncertain year ahead for the world economy, professionals in the MICE industry are optimistic


ATTENDANCE LOOKS BRIGHT


Meeting Professionals International polled its 17,000+ members and found that events attendance is expected to increase


Source: MPI Meetings Outlook +1.6% +2.4%


FOR LIVE EVENTS


US$4,000


average spend per person on incentive travel Source: SITE Index 2018


FOR VIRTUAL EVENTS


BREAKING TRADITION


Non-traditional meetings facilities are expecting the biggest spike in demand


Property type demand: 1%


expected decrease in cost per attendee in Europe


Source: American Express 2018 Global Meetings and Events Forecast


NON-TRADITIONAL VENUES MID-TIER PROPERTIES LOWER-TIER PROPERTIES CRUISES LUXURY PROPERTIES RESORT PROPERTIES


+3.8% +3% +1% +0.7% +0.4% -0.2%


Source: American Express 2018 Global Meetings and Events Forecast


PRODUCTIVITY SOARS


CWT research shows in-person meetings can save time


1 HOUR IN A


FACE-TO-FACE MEETING


10 PHONE CALLS


20 EMAILS


28 BBT January/February 2018


BUYINGBUSINESSTRAVEL.COM


55%


FAVOURABLE BUDGETS


PREDICT 18% NEGATIVE BUDGETS FORECAST 28% FLAT SPEND EXPECT BUDGETS LOOK GOOD


The majority of MPI’s members are optimistic about their budgets for 2018


Source: MPI Meetings Outlook


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