Convene Meeting Market Survey Results

Convene Magazine conducted their 28th Annual Meetings Market Survey and released the report to get a snapshot of the overall meetings industry.   Here are a few points that I found of interest:
Budget:  Planners meeting budgets went up +2 percent vs. -1% in the 2017 survey.
Attendance:  2019 attendance projected is +4.4%.
Number of Meetings:  33% more meetings are expected in 2019.  
Expenses:  Planners are still being asked to cut back on expenses, the biggest categories:  63% on reducing F&B expenses and 47% for AV costs.  
Planning:  The average window for booking large meetings is 2.3 years and 10 months for small meetings.  There was no change from the prior year.  
Outsourcing: Event supply rentals were the top category of being outsourced followed by, 58% of app development and  43% would outsource housing.  
​You can read the entire article here.  

Infographic below is from Convene's Meetings Market Survey was prepared for PCMA by Lewis Copulsky principal, Lewis & Clark.  Graphics created by Point Five.