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by Loren G. Edelstein | December 01, 2012
Future Spending chartMeeting professionals expect to see a slight uptick in the budgets for 2013 overall, mainly due to the expectation of increased travel costs next year. Of the 149 respondents to a recent M&C Research survey, 39 percent believe their meeting budgets will increase, while 41 percent said they expect no change. However, tight coffers remain a significant concern for the coming year, according to 65 percent of those polled. Domestic economy uncertainty is a key worry for 57 percent. Nevertheless, overall, 59 percent describe themselves as being optimistic about the coming year.

 

 

 

 

Looking Up and Worry Meter chart

 

44% of meeting professionals expect more meeting attendees in 2013, while 39 percent anticipate no change and 17 percent expect attendee numbers to drop.

25% believe their organizations will hold more meetings next year; 58 percent say the number will remain the same.

81% expect the size of their meetings department to remain the same.

65% cite tight budgets among their greatest concerns with respect to next year's meetings.


Source: M&C Research survey of 149 meeting planners