Costs will increase greater than budgets with air travel (5 percent) and F&B/catering (4 percent) growing the most.
Overall budget growth: 1.7 percent.
Organizations are investing more in employees.
Of all meeting/event types, training, educational events and sales meetings will grow the most.
Incentives will also be on the rise after several weak years.
Overall business for meeting and event professionals in the U.S. and Europe will grow at 3.2 percent and 3.6 percent, respectively.
To view the full report, visit www.mpiweb.org/meetingsoutlook. A printed copy is included in the November 2014 issue of MPI’s award-winning magazine, The Meeting Professional®, as well.