The Global Business Travel Association’s latest forecast indicates that an improving economic outlook should continue to boost business travel spending in 2013 — driven in part by stronger growth in group spending. Meeting spending is now expected to increase 6 percent to $115.9 billion — up from the 5.2 percent growth that was forecast in […]
Low budget levels continue to be the No. 1 meeting trend, but the economy and business conditions are gradually improving, say meeting professionals in MPI Foundation’s December 2009 Business Barometer report. Predictions of a poor economy have dropped from 10 percent in the October report to one percent in December, and concern over the perception […]
Creating caché, forgoing finery and incorporating reality TV-like activities for guests are some of the top hospitality trends Andrew Freeman & Co., a San Francisco-based hospitality and restaurant consulting firm, predicts will be big in 2010. Among the general trends meeting planners can expect to see offered at restaurants and hotels are: Putting off the […]
It’s not surprising that nearly 65 percent of meeting planners say the economic downturn has had some kind of impact on their association. But according to the Association Meetings: Forecasts and Trends 2010 study, conducted by the International Congress and Convention Association and IMEX, more than half of those surveyed felt as if their third-quarter […]
The cost of an average domestic trip will increase 1.2 percent to $1,002 in 2009, according to the American Express (AmEx) Global Business Travel Forecast. The report was released a month later than planned due to the volatility of the market. On Oct. 22, Hervé Sedky, vice president and general manager of Global Advisory Services, […]
Planners, listen up. Hotels are looking at sluggish growth rates, given diminished demand in a market with increasing supply. But, they won’t be relinquishing the seller’s market mantle or lowering room rates anytime soon.