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EQS-News: CWT Research: Global Meetings & Events Demand to Rise 5-10% in 2019
EQS-News: Carlson Wagonlit Travel
CWT Research: Global Meetings & Events Demand to Rise 5-10% in 2019
26-Sep-2018 / 08:00 GMT/BST
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CWT Research: Global Meetings & Events Demand to Rise 5-10% in 2019
Minneapolis, 26 September 2018: Meetings and events' demand will grow
between 5-10% in 2019, and the average size of meetings will rise in nearly
every region, according to the 2019 Meetings & Events Future Trends report,
published today by CWT Meetings & Events, a division of global travel
management company Carlson Wagonlit Travel (CWT).
"The global meetings and events industry can look forward to a buoyant
2019," said Kurt Ekert, President and CEO of Carlson Wagonlit Travel. "On
top of growing demand worldwide, we also expect global hotel rates to rise
3.7%, and flight prices 2.6%."
The report also ranks the top M&E destinations in each region, and gives an
overview of industry trends.
North America: a buoyant economy is driving growth. CWT M&E is forecasting
hotel prices to rise 2.8% in 2019, which will push up costs for meetings
buyers. There will be some inflation in flight prices, which are expected to
rise 1.8%.
Latin America: growth is still expected to be slow. Hotel prices will fall
1.3%, while air prices will drop 2%.
Asia Pacific: is expected to lead the way for global growth in 2019. We are
predicting airfares will rise 3.2%, and hotel rates 5.1%.
EMEA: the industry remains positive. Airfares in Western Europe are
predicted to rise 4.8%. However, in Eastern Europe, rates are projected to
fall 2.3%, while in the Middle East and Africa there's a downward trend of
2%.
Hotel prices in Western Europe are forecast to rise 5.6% next year and
decline 1.9% in Eastern Europe, while the forecast for Middle East and
Africa is a 1.5% decrease.
Download the report.
Media contact:
Alistair Hammond
Global Director of Media Relations
T: +44 203 353 1454 / M: +44 771 773 0441
alistair.hammond@carlsonwagonlit.com
About CWT Meetings & Events
CWT Meetings & Events delivers 38,500 innovative, high-quality projects for
customers every year - across all industry sectors, globally. Our creative
know-how helps us deliver awe-inspiring events, and our logistics expertise
guarantees professional meeting services, group travel, and compliance. We
manage your strategic meetings management programs with one aim in mind - to
maximize your return on investment.
CWT Meetings & Events is Carlson Wagonlit Travel's meeting and events
division.
Follow us on Twitter and LinkedIn.
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End of Announcement - EQS News Service
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