Meeting spending on the upswing
Meeting spending is keeping pace with the overall upswing in the economy, says mimegasite.
“The heightened expenditures are coming in a variety of areas, from food and beverage to audiovisual and signage to the general signage of the meeting,” it said.
Meeting budgets are getting larger. And planners are looking to improve the overall quality of events.
“Attendees are looking for more of an experience for their dollar. Things that were considered extravagant in the past are now basic expectations of meetings,” said David Weil, senior director of convention and trade show services for SmithBucklin.
One example is rear-screen projection, which has become standard.
Sponsors as well as associations are spending more as well.
“But while we’re seeing more money being spent, we’re seeing more revenue opportunities, too,” he said.
Some meeting officials said while corporations are making typically short meetings even shorter, they are also spending more on food and beverages.
Report by David Wilkening
David
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025