MPI’s latest instalment indicates the strongest safety and security concerns among event planners since the reports began, despite cautious optimism as growth continues in the industry. The report shows that concern for the impact of terrorism is permeating budgets and business projections.
Nearly half (48%) of respondents said they expected the costs of meetings to rise, because of the need for greater security. Some 15% are doing more destinations research and communications regarding risk, while 5% are doing more attendee screening.
In addition to this, 19% are looking at providing more attendee training with regards to security, with 15% adding more security staff and 14% developing new security plans.
"The vast majority of people are taking a very sober and thoughtful approach to ways to improve security without alarming the attendee," said MPI Georgia Chapter’s Bill Voegeli.
The report also stated that business conditions are predicted to see a 3% in the near future, while meetings spend is expected to increase by 1.6%. However, prices overall are expected to increase by 4.1%, which means a 2.5% decline in buying power.
Doug Tewnion, MPI British Columbia Chapter, said: "Because it’s more of a seller’s market, with groups booking further out, planners are booking multiple years at the same time to leverage rates as well as concessions."
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