There’s no doubt the meetings industry has been hammered for the past two years. But it is slowly showing signs of life. It’s not as easy as just saying that everything will go virtual forever. Nothing beats face to face meetings! But regardless of whether the meeting is face to face or virtual or a hybrid, the speaking industry has changed.
Meetings industry forecast for 2022
Here are some expectations from Northstar Meetings Group and AmEx Global on the meetings industry forecast for 2022:
When will face to face meetings return to pre-pandemic levels?
Some meeting professionals think we will get back to that level in a year or two and some think it will take until 2025. One thing is for sure, it will still be rocky and uneven. I’ve personally spoken at several in person events in the past year, but have had twice as many cancelled or postponed. The AmEx Global survey anticipates that 81% of all meetings in 2022 will have an in person component to them. 42% in person, 39% hybrid, and 19% virtual only.
Meetings industry forecast for 2022 – costs
Let’s face it, the cost of everything is going up! Meeting planners in North America are expecting at least an 11% increase next year. Unfortunately this doesn’t necessarily mean that speakers are going to be paid more. Budgets are still tight, though most are increasing. Having your own sponsors will help put you in a better position to get paid more. Make that a part of your negotiations.
Meetings industry forecast for 2022 – space
If you’ve been out speaking you have noticed that meeting room space is bigger to accommodate more social distancing. Attendee size is smaller, but the room space is bigger. That is a determining factor in where a meeting will be booked. Also, whether or not they are able to host a hybrid event.
The AmEx Global forecast states:
“The number of attendees at in-person events is expected to increase for every meeting type, by 3.5% to 4.3%. The number of attendees at virtual and hybrid events is also expected to increase across the board, although by a smaller percentage – by 2.8% to 3.4%.”
What do you predict for the meetings industry in 2022?