• Industry Professionals Expect Growth in Holiday Business This Year

     
    POSTED November 29, 2016
     

The National Association for Catering and Events, with more than 4,000 members, is the largest and oldest association in the industry. Recently, they conducted a survey in which industry noted there will be an increase in holiday business compared to previous years.

In the survey, 42 percent responded that business would increase; 28 percent said business would stay the same; and 19 percent said business would decrease. Additionally, about 27 percent said event business for 2017 would be greater than that in 2016; 35 percent said it would be the same; and 18 percent said it would decrease.

Additionally, companies are looking for new ways to make their events more economical. The survey showed that some are saving by hosting events in employee’s homes or using pre-decorated venues. New, interactive entertainment technologies will also become more popular in the coming years.

“This has been a long recovery,” says Bonnie Fedchock, executive director of NACE, “but we have continued to see that companies are continuing to place importance on both year-end, and corporate events throughout the coming year; they remain a vital corporate function.”

BIG Wall Décor challenges the notion that owning large, beautiful artwork is only for the wealthy art connoisseur. With more than 20 years of experience printing for luxury brands, the BIG Wall Décor team uncovered a new print/framing solution that makes it easy and affordable (pieces start at $125) to display large-scale, on-trend artwork in trade show booths, at events, in the office, and at home. 

 

The meetings and events industry has faced its fair share of ups, downs, and everything in between since early 2020. There have been lessons learned, approaches changed, and flexibility fostered to keep moving ahead during the pandemic. Let’s take a quick look at what to expect for 2023 through the lens of the 12th annual Global Meetings & Events Forecast, produced by American Express Meetings & Events, a division of American Express Global Business Travel. 

 

Results from the Incentive Research Foundation’s (IRF) 2022 Incentive Travel Destination Preferences & Their Impact on Motivation confirmed that interest in incentive travel as a motivating sales reward is at an all-time high. 91% of 405 survey respondents described group incentive travel as extremely or very motivating compared to 80% last year. Individual incentive travel was rated even higher as a motivational award at 96% versus 84% last year.