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Even as the live event industry looks to remain strong through 2025, event professionals express concern about cost increases, inadequate budget growth and political and economic uncertainty.
The overall business conditions outlook remains very positive with 71% of respondents expecting favorable conditions over the next year, however, this has slipped slightly this quarter and is the lowest we’ve seen since Q2 2024.
Costs were up notably across all meeting elements for a majority of respondents, F&B costs seeing the greatest increase. Most respondents anticipate these costs will continue rising throughout 2025, though not as severely as last year.
The greatest current concerns reported by event professionals include cost increases, inadequate budget growth and political and economic uncertainty.