DALLAS - Meeting Professionals International (MPI), the world’s largest meeting and event industry association, has published its Spring Meetings Outlook a future-focused quarterly report that identifies new trends and innovations. The publication allows planners to budget and plan accordingly and ensures a strong foundation for building sound strategies that keep businesses on paths to success.
The vast majority of respondents (81%) expect favorable overall business conditions over the next year. While this is down slightly compared to pandemic highs, combined with additional findings, the survey’s results indicate a strong industry experiencing robust demand.
Key findings include:
"The industry's confidence continues as meeting professionals persist in expressing optimism in the forms of increasing in-person attendance (83%) and positive business outlook (81%). Budgets are increasing, as are costs, but 22% of meeting professionals report that their budgets are up 10% or more," said Jessie States, Vice President of MPI Academy, "While the positive outlook extends, it's the nature of meetings that is changing. When asked what elements contribute the most to successful outcomes, it was people-centric learning, conversations and networking that scored the highest, surpassed only in most cases by the destination itself."
The spring 2023 Meetings Outlook survey was in the field from Feb. 21 to March 28, receiving responses from a total of 560 MPI members. Meetings Outlook is supported in partnership with IMEX Group. This edition of Meetings Outlook is sponsored by Webex Events (formerly Socio).
The full report can be found here: https://www.mpi.org/docs/default-source/meetings-outlook/meetings-outlook-spring-2023.pdf
Media Contact: Peggy Foley, communications@mpi.org; 972-365-7984