AMEX Meetings & Events Global Forecast: More In-Person Connections in 2023

November 22, 2022

Event professionals expect in-person events and budgets to increase in 2023, according to the 12th annual Global Meetings & Events Forecast, produced by American Express Meetings & Events, a division of American Express Global Business Travel (Amex GBT).  

The 2023 Global Meetings & Events Forecast is based on a survey of 580 meeting and event (M&E) professionals across the value chain in 23 countries, as well as interviews with industry leaders. Key findings from the report include:

  • 77% of respondents are optimistic about the health of the industry heading into 2023, rating eight or above out of 10, a six-point increase compared to last year’s survey.
     
  • 67% said they believe the number of in-person events will return to pre-pandemic levels within one to two years.
     
  • 65% said that overall meetings and events budgets are increasing for 2023.

“This Forecast reflects a renewed understanding of the value of meetings and events, and the critical role they play in building company culture and driving business,” said Gerardo Tejado, general manager of American Express Meetings & Events. “The report also finds an industry taking lessons learned during the last few years to bring positive change, including in areas such as technology, well-being, sustainability and inclusivity.”

Strong Growth of In-Person Events

Survey respondents anticipate that in-person meetings and the number of event attendees will increase across the board, with 87% of meetings expected to have an in-person component. After two years of remote and hybrid arrangements, respondents also expressed growing virtual fatigue. Overall, a strong majority expect in-person meetings and events activity to be their main focus next year, with only 29% of respondents in North America and 33% in Europe expecting an increase in hybrid meetings.

Commitment to Sustainability

Sustainability also continues to be a priority for most meetings and events in 2023. Four in five respondents (80%) say their organization takes sustainability into account when planning events. Of those who say their organization takes sustainability into account, 76% say their organization has a defined sustainable meetings program strategy. Impactful practices cited include minimizing paper usage (22%), energy-saving and waste reduction measures (19%) and booking green suppliers (18%).

Diversity, Equity & Inclusion Efforts

Incorporating diversity, equity and inclusion (DE&I) into meetings and events was also a top priority for meeting professionals. Nearly nine in 10 (87%) respondents say their organization or client actively strive to incorporate DE&I in their programs. These respondents say the top two ways they do this are by using diverse and minority-owned suppliers (29%) and by providing an option to attend the event virtually (28%).

North America

Event professionals in the North America region are seeing the highest increase in group rates for 2023 in both group air (7.8%) and hotel (7.4%) compared to other regions. North America is also the only region expecting a decrease in hotel room and event space availability.

Europe

Europe had the second-highest number of respondents who say they expect in-person attendance numbers to revert to pre-pandemic levels in the near future (69%), behind Latin America (78%). Regarding taking sustainability into account in meeting and event planning, European respondents were third (78%) among all regions to say they incorporate sustainability (only ahead of North America) and were the least percentage saying their organization has a defined sustainable meeting program strategy (66%). However, they were the most likely to calculate event carbon emissions (28%).

Latin America

Meeting professionals in Latin America feel strongest in expecting in-person attendance numbers to return to pre-pandemic levels in the near future (78%). Concerning sustainability, Latin American event professionals are leading the way, tying Asia Pacific as most likely to say their organization takes sustainability into account when planning meetings and events (86%) and are most likely to say their organization has a defined sustainable meeting program strategy (84%). The region also stands out in DE&I: 96% of respondents say their client or organization actively strives to incorporate DE&I into its meetings and events compared to the other regions.

Asia Pacific

For event professionals in the Asia Pacific region, over half (53%) of respondents say that macroeconomic changes are a top factor that influences an overall change in meeting and event spend at their organization, more so than other regions. Furthermore, they fall behind other regions in expecting in-person attendee numbers to return to pre-pandemic levels in the near future (61%). This is likely due to the region easing COVID-19 restrictions later than other regions. Regarding sustainability, respondents in the Asia-Pacific region, alongside Latin America, were more likely to incorporate sustainability into their meeting and event planning (86%), and 83% say they have a defined sustainable meeting and event program strategy for 2023.

To download the full 2023 Global Meetings and Events Forecast, go here.

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Partner Voices
Less than six months ago, Lisa Messina joined the Las Vegas Convention and Visitors Authority (LVCVA) as the first-ever chief sales officer after leading the sales team at Caesars Entertainment. A 12-year Las Vegas resident, Messina is a graduate of Cornell University’s School of Hotel Administration and serves on MPI International’s board of directors. TSNN had a chance to catch up with this dynamic leader and talk to her about her vision for the new role, current shifts in the trade show industry, creating more diversity and equity within the organization, and advice to future female leaders. Lisa Messina, Chief Sales Officer, LVCVA With Las Vegas becoming The Greatest Arena on EarthTM, what are some of the things you’re most excited about in your role? Our team was at The Big Game’s handoff ceremony earlier this month, and I couldn’t help but think, “We’re going to crush it next year!”  These high-profile events and venues not only drive excitement, but also provide unmatched opportunities for event planners. Allegiant Stadium hosts events from 10 to 65,000 people and offers on-field experiences. Formula 1 Grand Prix will take place in Las Vegas in November, after the year-one F1 race, the four-story paddock building will be available for buyouts and will also offer daily ride-along experiences that will be available for groups. And, of course, the MSG Sphere officially announced that it will open in September, ahead of schedule, with a U2 residency. It’s going to be the most technologically advanced venue as far as lighting, sound, feel, and even scent, and it will be available for buyouts and next-level sponsorships inside and outside. There’s no ceiling to what you can do when you’re doing events in Las Vegas.  Allegiant Stadium As the trade show and convention business returns to the pre-pandemic levels, what shifts are you noticing and how do you think they will impact the industry going forward? Our trade show organizers are very focused on driving customer experience. Most of our organizers are reporting stronger exhibitor numbers and increased numbers of new exhibitors, with trade shows proving to be almost or above 2019 levels. Now our organizers are really doubling down on driving attendance and focusing on the data to provide that individualized, customized experience to help attendees meet their goals and get the best value. Some companies continue to be cautiously optimistic with their organizational spend when it comes to sending attendees, but I think it will continue to improve. As the U.S. Travel Association makes more progress on the U.S. visa situation, we also expect a growing influx of international attendees. What are some innovative ways the LVCVA helps trade show and convention organizers deliver the most value for their events? We focus on customer experience in the same way that trade show organizers are thinking about it. We got rave reviews with the West Hall Expansion of the Las Vegas Convention Center (LVCC), so over the next two years, we will be renovating the North and the Central halls, which will include not just the same look and feel, but also the digital experiences that can be leveraged for branding and sponsorship opportunities.  Vegas Loop, the underground transportation system designed by The Boring Company, is also a way we have enhanced the customer experience. Vegas Loop at the LVCC has transported more than 900,000 convention attendees across the campus since its 2021 launch. Last summer, Resorts World and The Boring Company opened the first resort stop at the Resorts World Las Vegas , with plans to expand throughout the resort corridor, including downtown Las Vegas, Allegiant Stadium and Harry Reid International Airport. The LVCVA also purchased the Las Vegas Monorail in 2020, the 3.9-mile-long elevated transportation system that connects eight resorts directly to the convention center campus. This is the only rail system in the world that integrates fares directly into show badges and registration. For trade show organizers, these transportation options mean saving time, money and effort when it comes to moving groups from the hotels to LVCC and around the city. Also, the more we can focus on building the infrastructure around the convention center, the more it supports the customer experience and ultimately supports our trade show organizers. Scheduled to debut in Q4, Fontainebleau Las Vegas will offer 3,700 hotel rooms and 550,000 square feet of meeting and convention space next to LVCC.  What are some of the plans for advancing DEI (diversity, equity and inclusion) within your organization? We’re currently partnering with instead of working with a leading consulting firm, to lay the foundation and create a solid DEI plan and be the leader when it comes to DEI initiatives. The heart of that journey with the consulting firm is also talking to our customers about their strategic approaches to DEI and driving innovation in this space.  What are your favorite ways to recharge? My husband and I have an RV and we’re outdoorsy people. So, while we have over 150,000 world-class hotel rooms and renowned restaurants right outside our doorstep, one of my favorite things to do is get out to Red Rock Canyon, the Valley of Fire, and Lake Mead. Five of the top national parks are within a three-hour drive from Las Vegas, so there’s a lot you can do. We love balancing the energy of Las Vegas with nature, and we’re noticing that a lot of attendees add activities off the Strip when they come here.  Valley of Fire What advice would you give to women following leadership paths in destination marketing? I think it’s about being laser-focused on what you want to accomplish; building a team around you that lifts you and helps you achieve your goals; and being humble and realizing that you do it as a group. No one gets this done alone. Thankfully, there are a lot of women in leadership in this organization, in our customers’ organizations, and in this city that we can be really proud of. We’re a formidable force that is making things happen.   This interview has been edited and condensed. This article is exclusively sponsored by the Las Vegas Convention & Visitors Authority. For more information, visit HERE.