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Almost half of MPI members expect to be affected by commission cuts

MPI’s Meetings Outlook 2018 Spring Edition found that 46 per cent of respondents expect to be affected by the cuts
02/05/2018

Pictured: Marriott International is cutting commissions paid to third-party meeting planners from 10 per cent to 7 per cent

Almost half of respondents to an MPI survey expect their business to be affected by the recent cuts to third-party planner commissions.

MPI’s Meetings Outlook 2018 Spring Edition found that 46 per cent of respondents expect to be affected by the cuts by several hotel companies, suggesting concern from numerous parts of the industry—not just third-party planners.

However, commission aside, the report also predicts a healthy business landscape that sees industry professionals focusing on cultivating the entire meeting experience, with an emphasis on enhancing interaction and immersion.

Three quarters of respondents predict favourable business conditions, with a 3.9 per cent growth expected over the next year—the largest anticipated growth since spring 2015.

Of the various meeting and event components (other than actual meeting space), the largest budget allocations are for food and beverage (34.3 per cent of budget), technology (16.8 per cent) and housing (16.5 per cent).

Attendance at live and virtual events is expected to grow by 2.3 per cent and 2.7 per cent, respectively—both live and virtual event attendance expectations are up slightly over last quarter.

To view the full report, visit www.mpiweb.org/meetingsoutlook.


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