Meetings Outlook

Developed in partnership with:
IMEXgroup

 

 

Spring 2022

Welcome to the Summer 2022
Meetings Outlook Report

The meeting and event industry continues to recover but at a more sustainable pace than we’ve seen throughout the drastic ups and downs of the past 30 months.

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Business conditions

Projected business conditions over the next year are among the highest “favorable” results we’ve had in the history of Meetings Outlook. The majority of respondents anticipate business will be more than 6% better in the coming year.

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Business Conditions

 

 

Returning to normalcy

Cost increase

With growing inflation and concerns of a pending recession, meeting professionals are anticipating cost increases across most elements of their work. Take F&B for example: 77% of respondents expect F&B costs to rise by at least 6% over the next year—41% actually anticipate increases of more than 10%.

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Hiring challenges

Compared to summer 2021, more than twice as many meeting professionals claim to be experiencing difficulty filling open positions. While hiring is slightly stronger this quarter with 40% of respondents noting an increase in full-time or contract hiring, this “hiring challenges” data point is the most significant sign of the “great resignation” yet seen in Meetings Outlook data.

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Hiring challenges

 

 

Meetings Outlook Archive

Choose a report from the dropdown and click the image to read the report.

 

 

Other MPI Publications

The Meeting Professional

The Meeting Professional