Cost of sending delegates to meetings and events expected to rise 3.7% next year

'Brexit could mark a major change for most of Europe,' says CWT report.

Image credit: iStock
Image credit: iStock

The overall cost of sending delegates to meetings and events around the world is expected to rise by 3.7% next year, according to Carlson Wagonlit’s (CWT) 2018 Meetings and Events Future Trends report.

While the global airline industry’s capacity is expected to grow by six per cent in 2018, fares will also increase by 3.5%, rising along with oil prices, predicted the report.

On the future of events in Britain after Brexit, the report said: "Brexit could mark a major change for most of Europe. To date, the main impact has been to attract people to the UK due to the reduction in value of pound sterling. But it is too early to define what the ultimate impact will be – we’ll have a better idea by 2019 when the UK is scheduled to formally leave the EU." 

Paul Stoddart, managing director, M&E UK, Ireland and Benelux was upbeat about Britain’s post-Brexit future. "We haven’t seen any marked drop in bookings for London," he said. "A lot of commentators would argue that with the way the pound is against the Euro, we offer really good value for money at this point in time.

"We’re very early in the exit negotiation process and there may be a lot of unexpected consequences, but CWT hasn’t really seen a Brexit effect in our UK business or our offices across EMEA.

"I think London is still an unbelievably attractive destination and has pretty much everything you’d want for an event, it’s always going to fare well. Perhaps it’s expensive and it’s facing tougher competition in the UK than it has in previous years from other cities that have got a really good proposition as well."

For CWT Meetings and Events, the most popular global destinations this year have been Paris, Sao Paulo and Rio de Janeiro. The popularity of Brazil is partly due to the vast array of events spaces and hotels built for the 2016 Olympics.

For more in-depth features, as well as case studies and breaking news, sign up to C&IT Magazine's daily Newstracker here

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
How events can save the world

Crisis planning, sustainability, wellbeing and inclusion can cause difficulties for event organisers. So is it possible to host a truly ethical event?

Wellbeing makes 'good business sense'

Wellbeing makes 'good business sense'

Annie Metcalfe from Clear Partners says planners must adapt to the changing demands of incentive travel programmes.

Amex GBT appoints new general manager for meetings and events

Amex GBT appoints new general manager for meetings and events

Gerardo Tejado has held a number of commercial and client management roles at American Express GBT over the past 17 years.

Incentives are coming: 7 Game of Thrones-inspired destinations

Incentives are coming: 7 Game of Thrones-inspired destinations

From Croatia to Northern Ireland, the fictional land of Westeros has filming locations around the world ideal for meetings and events.

What does an HR expert look for in Best Places to Work accreditation?

What does an HR expert look for in Best Places to Work accreditation?

An independent HR consultant explains what judges are looking for in accreditation like C&IT's Best Places to Work.

Events budgets return to steady growth, Bellwether Report finds

Events budgets return to steady growth, Bellwether Report finds

UK companies increased their marketing spend in Q1 2019, in contrast to flatlining budgets at the end of last year.

'Unlocking the best parts of destinations' is key for event planners

'Unlocking the best parts of destinations' is key for event planners

Venues should use their expertise to help familiarise planners with a new destination, says panel at the C&IT Association Forum.

Case study: CoinGeekWeek conference

Case study: CoinGeekWeek conference

CoinGeek transformed The Mermaid London for its three-day conference on cryptocurrency and blockchain.

New senior account manager for Top Banana

New senior account manager for Top Banana

Natalie Benson joins from ACA Live and will work on finance, automotive and retail accounts.

Facial recognition will change the way we measure audience engagement

Facial recognition will change the way we measure audience engagement

This kind of technology could scientifically prove the value and impact of events, says Dan Broadberry from Brands at Work.

LATEST JOBS