The spring 2017 "Meetings Outlook" from Meeting Professionals International, released today, found that 41 percent of respondents reported good availability of meeting space for the rest of 2017, and 61 percent said the same for 2018 meetings. The survey also shows budget outlooks are more positive than last quarter, with 52 percent saying they see a favorable budget forecast, up from 45 percent in the winter report.
The quarterly survey also found more respondents are predicting favorable business conditions; that number grew from 58 percent in the winter report to 69 percent for the spring tally.
The spring outlook examined audiovisual costs, finding that those suppliers have an increasingly important role in the outcome of successful events. "What we're seeing is that A/V providers are integral to the success of most meetings and events of any size," said Bill Voegeli, president of Association Insights, which conducts the survey for the organization. "The quality of their product has increased dramatically because of the successful integration of A/V and IT."
Some other points from the new reports include:
- 22 percent of respondents cited technology opportunities as a top challenge
- Live and virtual attendance figures are expected to grow by 1.8 and 2.7 percent, respectively
- 71 percent of European Union respondents, 46 percent of Canadian respondents and 50 percent of U.S. respondents say U.S. immigration policies have no affect on their business.
Click here to view the full report.