From Forbes: A new study promises a positive outlook for the meetings and events industry next year. American Express Global Business Travel (Amex GBT) published its 14th annual Global Meetings and Events Forecast to provide a look ahead to the coming year. The forecast is based on a combination of interviews with industry experts and…
From Conference & Meetings World: Can business events play a role in helping to tackle global issues like over-tourism? This is one of the topics to be discussed at this month’s IBTM World Forum for Advocacy, in partnership with The Business of Events. Eloísa Urrutia (pictured), head of global sustainability, meetings & events at American…
From M&IT: The IBTM World Forum for Advocacy promises to be a crucial moment for the industry, according to Martin Fullard, director, The Business of Events. In an industry that contributes over US$1.6 trillion to the global economy, the true value of business events extends far beyond the staggering financial statistics. A preview of The…
Today, the Events Industry Council (EIC), the global voice of the business events industry, released its quarterly Global Events Barometer for Q2 2024. The numbers reflect positive momentum for the global business events industry in almost every region around the world. In 2024 Q2, the hotel group room nights index increased to 106. This represents…
From Industry Dive: Global experiential marketing spending is expected to reach $128.35 billion in 2024, rising above pre-pandemic levels for the first time, according to recent research PQ Media shared with Marketing Dive. The expected 10.5% jump in experiential marketing spend this year outpaces the 9.7% growth seen in 2023. Strong investments from both B2B…
From Modern Diplomacy: A new report from the World Travel & Tourism Council has revealed that business travel is set to surpass pre-pandemic levels this year, faster than previously predicted, to reach a record US$1.5TN. The rise of remote working during the pandemic had a disproportionate effect on corporate travel, compared to leisure travel, with…
From Conference & Meetings World: 74% of events professionals are optimistic about the health of the industry, according to the American Express Global Business Travel (Amex GBT) Meetings & Events 2025 forecast. To gather results, the report surveyed over 500 meetings and events professionals worldwide. Although the outlook is still positive, 74% optimism actually marks…
From Incentive Travel Index: A joint initiative of the Incentive Research Foundation (IRF) and Society for Incentive Travel Excellence (SITE), the Incentive Travel Index (ITI) is the business events industry’s most authoritative study of the global incentive travel market and its impact on corporations, agencies and the supply chain in destinations. The Index is undertaken…
From yahoo!finance: The corporate event market is growing due to the increasing demand for experiential marketing and brand-building activities, driven by companies looking to engage stakeholders and enhance customer experiences. Additionally, advancements in event technology, such as virtual and hybrid formats, are expanding the market’s reach and reducing logistical barriers.
From UN Tourism: Tourism has committed to embrace its unique role as a pillar of peace and understanding. On World Tourism Day 2024, UN Tourism brought sector leaders from every global region together around a common vision and commitment to building a “peace-sensitive sector”, recognizing its potential to build bridges and foster understanding. The official…
From GDS-Movement: The Global Destination Sustainability Movement (GDS-Movement) is excited to reveal the finalists for the 2024 GDS-Awards, honouring destinations that excel in regeneration, innovation, and impact. The awards, to be presented during the sold-out GDS-Forum & CityDNA Autumn Conference, on 16 October at the Bruges Royal Municipal Theatre, celebrate destinations that set new benchmarks…
From Conference & Meetings World: Phocuswright, leading travel research firm, reports that the global travel market will grow 6-10% per year through 2026. The industry has now surpassed pre-pandemic levels, with a total spend in 2023 of $1.5tn. ‘Online travel’ was a recurring trend of the Phocuswright’s Global Travel Market Report 2024. The sector is…
From TSNN, by Tommy Goodwin: From bringing back international exhibitors and attendees to attracting and training the next-generation workforce, there is a lot happening in Washington, DC that will impact the future of the trade show industry. While ECA brings industry leaders and advocates to our nation’s capital annually for Legislative Action Day, we know…
From BBC: The rapid spread of mpox – what used to be called monkeypox – in parts of Africa has been declared a global emergency. A new form of the virus is at the heart of concerns, but there still remain huge unanswered questions. Is it more contagious? We don’t know. How deadly is it?…
From BestCities: In the dynamic world of international conferences and business events, few organizations have left as indelible a mark as BestCities Global Alliance. By leveraging its network of premier global destinations, BestCities has reshaped the conference industry and established a legacy of profound, lasting impact. From fostering groundbreaking research collaborations to inspiring transformative policy…
From TSNN: The global exhibition industry is on track to achieve record revenues this year, according to UFI, the Global Association of the Exhibition Industry’s latest Global Exhibition Barometer flagship industry report. Released on August 8, the 33rd edition of UFI’s bi-annual report, designed to take the pulse of the worldwide exhibitions industry, was concluded…
From Northstar Meetings Group: The latest Meetings Industry PULSE Survey, co-produced and sponsored by Cvent, reveals that high costs remain among planners’ most pressing concerns. However, the investment is wise: 78 percent of the 470 survey respondents say face-to-face gatherings are more valuable than other sales, marketing and business-development initiatives. Among other noteworthy findings: Optimism…
UFI, the Global Association of the Exhibition Industry, has released the latest 33rd edition of its flagship Global Exhibition Barometer report which takes the pulse of the industry. The results highlight that the exhibition industry will achieve record revenues globally in 2024, moving beyond the post-pandemic recovery that was achieved at the end of 2023…
From The Economist: The dollar is hovering near a two-decade high. That has unleashed a multitude of American tourists keen to exercise their newfound spending power, much to the dismay of snobbish Europeans and anyone who has a fondness for empty, unspoilt beaches. And it has done so at a time when tourism is back…
From Meetings International: The business travel industry has proven itself resilient as it moves into a new era of post-pandemic stabilisation. The 2024 forecast predicts global business travel spending will reach $1.48 trillion USD by the end of the year. Boosted by economic stability, pent-up demand and recovery momentum, spending is projected to surpass $2…
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