PCOs increase their corporate share

Professional congress organisers (PCOs) are increasing their share of corporate meetings business, according to research carried out by the International Association of Professional Congress Organisers (IAPCO). The announcement came as IAPCO unveiled the results of its inaugural member survey at this week’s Imex show in Frankfurt. The report revealed that 41% of meetings handled by members last year were corporate bookings, 49% association events and 10% governmental meetings. IAPCO board member and MCI Paris managing director Philippe Fournier said of the move away from IAPCO’s traditional association base: “We are feeling the trend towards corporate meetings, for sure.” Overall, IAPCO members managed some 3,000 meetings in 2006 for 1.4m participants and covering more than 410,000sq m of exhibition space. The survey also noted that 39% of members currently act as both international and national core PCOs. IAPCO estimates that the total budget managed by members is around £680m, while the economical impact is around £1.6bn based on registration fees and average delegate spend.

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