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MPI: meeting buyers expect expenses to expand.

Publication: Business Travel News
Publication Date: 05-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Corporate meeting expenses in 2007 are expected to swell by 18 percent from 2006 levels, according to a new survey of 269 corporate planners by Meeting Professionals International and American Express. However, new meetings and more attendees are expected to generate most of the additional expenditures, resulting in a mere 4 percent increase in per-meeting spend.

The fifth annual FutureWatch survey of 1,443 meeting professionals, released last month at MPI's Professional Education Conference in New Orleans, predicted the economic contribution of the meetings industry would reach "new highs" in 2007.

However, the record volume and size of events predicted for this year isn't encouraging planners, according to the survey. Planner respondents named budget changes and workloads as their biggest challenges in 2007, and said corporate belt-tightening makes proving meetings' strategic value even more important.

"Planners need to focus on the...

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