. FICP Releases Economic Impact Study | Meetings & Conventions

FICP Releases Economic Impact Study

 According to Financial & Insurance Conference Planners' new economic impact study, the annual collective-buying power of FICP member organizations ranges between $659 million and $913 million. The study of 91 FICP planner members, which was conducted in March, also reveals that 95 percent of those polled have average annual meeting budgets of $3 million, spend $900,000 for their largest annual event and planned approximately 95 meetings in 2011. In other findings, 95 percent of respondents expect their budgets to increase or remain flat in 2013, and 21 percent expect an increase in the size of their meeting planning teams next year. Read the executive summary at FICPnet.com.