C&IT asked UK event agencies to reveal their average event budget per delegate in 2014, and predict the same figure for 2015.
Of those surveyed, 39% expected average delegate budgets to stay the same this year when compared to last year, 32% are predicting an increase and 3% are expecting a decrease, with the rest declining to reveal figures.
The average delegate budget per head across the 80-plus agencies surveyed was £946 for 2014 – rising to £1,123 for 2015 – although average budgets ranged from under £100 for some agencies up to £3000-plus for others.
C&IT’s State of the Industry Report, now available to download in its entirety, revealed a largely positive outlook for the UK events sector with 81% of agencies predicting growth in turnover and/or profits in 2015.
Corporate event planners named budgets, resources and innovation as their main challenges in 2015, while agencies cited talent, managing growth and procurement among top challenges facing their businesses.
• For more features, as well as breaking news, sign up to C&IT Magazine's daily Newstracker herecomments powered by Disqus