Rebookings necessitated by the pandemic are now minimal for most organizations and hotels. Most planners are focusing on booking and sourcing future events. As of October 2023, 40% of planners in the most recent PULSEsurvey conducted by Northstar Meetings Group and sponsored by Cvent were actively booking new, live in-person events, and 34% were actively sourcing for live events. Just 4% were rescheduling or rebooking meetings. Challenges emerge when booking windows are
highly compressed to months or weeks.
That pace for new bookings will continue into 2024 and beyond; 45% of planners said they expect to produce more meetings in 2024 than they did in 2023, and 45% expect to produce about the same amount. Respondents to the PULSE survey also expect more attendees to participate in
meetings in 2024, compared with 2023.
Planners the world over expect venue and meeting space to remain tight again in 2024 before easing
somewhat in 2025, according to the American Express Forecast. More than two-fifths (42%) of North
American meeting professionals who responded to the survey expect room and meeting space to be
even tighter in 2024 than it was this year.
This article is posted at cvent.com
