59% of event planners expect budget growth

More than half (59%) of European event planners are expecting budget growth in the next year, according to MPI's latest Meetings Outlook report.

MPI's UK & Ireland chapter
MPI's UK & Ireland chapter

Some 59% of European event planners and 52% in the US are expecting budgets to grow by an average of 2.1% in the next 12 months, according to Meeting Professionals International's (MPI) Meetings Outlook Summer Edition report. 

The report revealed that respondents remain cautious over budgets, with 50% of clients seeking to spend less than the previous year while aiming to meet the same targets.

Some 13% of respondents are holding more local and regional events to reduce travel, while 10% are using more low-cost suppliers.

Virtual meeting attendance is predicted to grow by 3.9%, almost twice the rate of face-to-face meetings (2%), within the next year.

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