CWT Research: Global Meetings & Events Demand to Rise 5-10% in 2019

MINNEAPOLIS–(BUSINESS WIRE)–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
ME destinations
in each region, and gives an overview of
industry trends.

North America: a buoyant economy is driving growth. CWT
ME 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
.

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.

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