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.
The future is here, along with more technology, more networking opportunities, more budget demands… in fact, more demands for everything, including your time. 2008 may be more of 2007, but pick up the tips from our planners and you’ll be ready for a (somewhat) fresh start.