'Businesses expect to be hit by cuts to third-party planner commissions'

Meeting Professionals International's latest Meetings Outlook 2018 report indicates a healthy business landscape despite challenges.

The MPI Meetings Outlook report sees industry professionals focusing on improving the entire meeting experience, with an emphasis on enhancing interaction and immersion.

Key findings from the report include:

  • 46.2% of respondents expect business to be hit by the recent cuts to third-party planner commissions by several hotel companies. It suggests concern from different parts of the industry and not just third-party planners
  • 75% predict favourable business conditions, with a 3.9% growth expected over the next year - the biggest anticipated growth since spring 2015. 
  • Of meeting and event components (not including meeting space), the largest budgets are for food and beverage (34.3% of budget), technology (16.8%) and housing (16.5%)
  • Event attendance - both live and virtual - is expected to grow by 2.3% and 2.7% respectively

The report added that while the majority of respondents across meeting and event roles "do not expect the recent hotel commission cuts to third-party planners to affect their business", the numbers saying they would be impacted by the change was "significantly greater than the percentage of third-party planner MPI members".

"This suggests concern from numerous parts of the industry - beyond just third-party planners," the report said.

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