Every year American Express puts together a global meetings and events forecast. This year over 550 meeting and event specialists from 5 continents and 33 countries took part in the study. The great news for speakers is that there is optimism across the board that the meeting and event industry is still in a growth phase. The speaking industry forecast 2020 is bright!
Speaking industry forecast 2020
Spending is up in North America, Europe, Central/South America and Asia. Meetings are going to be longer, meaning more opportunities for more speakers. I’m already hearing about meetings and conferences that are looking for several keynote or general speakers. 70% of meeting and event leaders have said they are very optimistic about the future of meetings.
Face to face meetings are still one of the best ROI for businesses. Virtual meetings will be up slightly as well, but nothing beats face to face meetings for serious networking.
Good news for those speakers who have their own sponsors is that there will be more people attending meetings and conferences in 2020. The bigger the audience, the more money you can get from your sponsors.
More money for speakers
Spending is also up across the board, but that doesn’t always translate into more money for speakers, since the costs of everything they have to pay for is also going up and they have to factor that into their budgets. So event planners may still be dealing with having to do more with less, which is still fine if you have you own sponsors.
Since prices will be going up and demand will exceed supply, planners will probably start planning events further in advance.
Just like last year, interactive technology is playing a bigger role. Over half of planners want their attendees to have a great experience and are devoting more time to making that happen. Engagement is going to continue to be a huge part of events, both during the event and afterwards through polling, etc.
Most planners also agree that this is the year to have fully integrated technology at events, as long as it’s integrated successfully. Are you a technology speaker who can address this issue?
Wellness will play an important role in meetings in 2020. Are you a wellness or work life balance speaker who can help?
And events will also become more and more personalized, with feedback from attendees.
The good news for speakers is that the meeting and event industry will continue to be strong in 2020. Figure out how you fit into the picture and how you can help planners shine.