The latest installment of Meeting Professionals International's (MPI) quarterly report indicated that meeting and event industry projections remain ‘positive’ as planners and suppliers adapt to the seller’s market. A further 20% of respondents said there would be ‘no change’ to business conditions, while only 17% said they would get worse.
There was a 16% drop in the number of respondents predicting growth in live event attendance. However, figures for live event attendance are still expected to grow by 1.5% while virtual event audiences are predicted to grow by 2.5%.
Some 27% of the respondents said that political elections would have an impact on meetings and events. Overall more than half thought their budgets would increase in the coming year, with only 18% expecting to see a decrease.
Although Zika and terrorism fears have been cited as major concerns, they were not having a major impact on destination choice. Sharon Schenk, CMP (MPI New England Chapter), director, conventions and event management at CCA Global Partners Inc, said: "Safety is the most important concern to our team. I try to keep up-to-date on the virus and build our contingency plan accordingly. I’m taking the media hype with a grain of salt. It’s a very delicate balance. You have to look at the odds."
According to the report, around 30% of respondents are avoiding destinations that have laws prohibiting universal restroom use, while 19% refuse to visit with regions with liberal handgun or weapons laws.
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