Meetings Outlook | Meeting Professionals International

Meetings Outlook

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Welcome to the Spring 2023
Meetings Outlook Report

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.

Attendance forecasts

In-person attendance projections remain overwhelmingly positive with 83% of respondents expecting a favorable showing over the next year. This is the fifth consecutive quarter for which 80% or more of respondents expect favorable in-person attendance.

Cost increases

Cost increases are rampant as the flood of in-person gatherings returns. The most widespread of these: 55% of respondents said F&B costs have increased more than 10%, and 50% said the same about hotel accommodations.

Back to business?

38% of respondents say their business is already back to pre-pandemic levels and an additional 27% anticipate that return will happen at some point during 2023. If the projections hold, 65% of meeting pros will be back to pre-pandemic levels of business by the end of the year.