Small growth expected for meetings industry in 2013

Small growth in the meetings industry has been predicted by Meeting Professionals International, which release its bi-monthly Business Barometer recently.

Reported by meetingsnet.com, around 47 per cent of the barometer’s respondents – a select group of senior-level meeting professionals – predict meetings budgets will remain flat in 2013. This represents a significant improvement on figures from 2009, where 70 per cent of respondents reported tiny budgets.

As a result, a rising number of event venues could play host to meetings in the future – albeit by a small increase.

Meeting industry employment, on the other hand, will perform well in 2013. Around 35 per cent of meeting professionals predict a positive trend in the amount of full-time jobs coming available, compared to 22 per cent this time last year.

Another bright spot includes concern over the European economy, which ‘appears to have subsided among meeting pros for now’.

Overall, the number of meetings in the Canada rose by 3.3 per cent in 2012, followed by a 3.2 rise from Europe. The United States also experienced a rise in the number of meetings with a 2.8 per cent increase.

However, there may not be a rise in the United States next year if planned tax increases and spending cuts as per the Budget Control Act goes into effect on January 1st 2013, cites workshoplouisville.wordpress.com.