Meetings budgets rising, according to MPI report

Meetings budgets continue to rise, albeit at a slow pace, according to the latest report from Meeting Professionals International (MPI). 

Reported by c-mw.net, the body’s 2012 Business Barometer report – which surveys a select group of senior level meeting professionals from MPI’s 21,000 international members – also revealed that short lead times are now a ‘de facto business practice’.

The report, which provides a bi-monthly tracking of current business conditions year-on-year according to odysseymediagroup.com, also suggests technological innovation allows for more opportunities for remote and on-site interactivity. 

In addition, meeting professionals are also hiring more and more employees with a ‘strong working knowledge’ of new technology. This could help provide even more efficient meetings, provided the conference space allows for the deployment of new technology.

Another trend in meetings is allowing remote access to meeting content, either live or on-demand.

A spokesman for the MPI commented on the report: “The Business Barometer allows MPI to better gauge immediate and future business and economic conditions. MPI provides the report so members can have the information they need to succeed, including current and predicted attendance trends, overall employment and lead times.

“Members use the insights and findings to forecast annual budgets, inform hiring practices and take their business to an even greater level of success,” he added.