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MPI Summer 2018 Edition of Meetings Outlook Report Now Available

 Meeting Professionals International (MPI) has published its Meetings Outlook, 2018 Summer Edition. A solid seller’s market, contracts and negotiations that are getting more complex, growth in demand for experiential components and the perceptual shift regarding virtual meetings—increasingly viewed as a tool to help from live events, rather than a threat to them—are among the key trends identified in this report.

 

 

Key findings include the following:

 

  • 66 percent of respondents predict favorable business conditions, with a 2.8 percent growth expected over the next year.
  • The majority of respondents (54.9 percent) report that contract negotiations are becoming more complex; 22.8 percent indicate contract negotiations now focus on very different issues than in the past. Only 3.1 percent of respondents view contract negotiations as getting simpler.
  • 67 percent of respondents describe the current business climate as a seller’s market. Only 13 percent claim to be experiencing buyer’s market conditions.
  • For the first time in almost three years of Meetings Outlook survey results, live event attendance is expected to grow more than virtual attendance—though the difference is slight (1.8 percent and 1.7 percent, respectively).

To view the full report,

 

 visit www.mpiweb.org/meetingsoutlook. The report is also included in the print and digital versions of MPI’s The Meeting Professional magazine, August 2018 issue.

 

Meetings Outlook is developed in partnership with MGM Resorts International and supported in partnership with the IMEX Group.

 

 

DETAILS:              Meetings Outlook presents future industry trends and predictions from MPI members, including meeting professionals on MPI’s Business Research Panel. Every quarter, research firm Association Insights surveys the panel, asking a short series of quantitative questions related to the economy and a qualitative question regarding the individual’s professional outlook. Phone interviews are also conducted with randomly selected MPI members. The report provides a quarterly tracking of current business conditions and future outlooks.

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