Thursday, August 6, 2015

Meeting Industry Pricing Predictions for 2016

Now that it’s past the halfway point of the year, it’s time to take a look ahead at what’s in store for the meetings industry.
The Global Business Travel Association reported their pricing predictions for 2016. Their report predicted the following:
  • Overall, hotel rates will continue to climb into 2016. Estimates have put the increase around 4.3 percent.
  • Food and beverage costs will see an increase of about 4.5 percent per attendee per day.
  • Airline costs will stay relatively flat in 2016. No noticeable increase or decrease is predicted in the United States.


Although there are expected increases, these predictions come at an opportune time when planning the 2016 budget. With some nifty budget work, you can control the cost on your terms.

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