The eagerness to return to in-person events echoed in an influx of events, 65% more this year versus 2021. This high demand paired with reduced hotel and venue inventory, shorter lead times, rising fuel prices, labor shortages, and inflationary pressures in raw material costs are pushing up prices.
Corporations will need to adopt a disciplined approach to managing meetings and events across the organization to get the best value from long-awaited meetings and events to mitigate against rising costs. This means planning further ahead and budgeting carefully.
The GBTA CWT Global Forecast 2023 marries expertly curated data and analysis with insight from experts in air, hotel, ground transportation to help you navigate the through these uncertain times.
The forecast offers global and regional price projections and analysis for meetings & events (from page 27), like cost-per-attendee, top destinations, airfares, hotel rooms, along with trends and tips to help you build a meetings and events program fit for the future. Through interviews with leaders at CWT, Meetings & Events and GBTA, and in-depth analysis from acclaimed global futurist and NY Times best-selling author, Dr. Shawn DuBravac (Avrio Institute), you’ll be one step ahead of the curve.