M&E spend up in 2013: CWT

M&E spend up in 2013: CWT
By admin


Meeting and events spending is set to increase in 2013, while group sizes are likely to soften as inflation takes its toll in the Asia Pacific, new figures suggest.

The latest Carlson Wagonlit Travel (CWT) forecast predicts that meetings and events spending will increase six percent next year as economies in the Asia Pacific region begin to stabilize.

Group sizes are also set to decrease around 3.8% as organisations opt for a higher quantity of smaller meetings to offset rising supplier prices.

In other findings, Australian airline prices are likely to increase up to 1.3% and daily hotel rates are set to increase between 3.4 to 6.4%.

Delivering the findings earlier this week, senior vice president global product marketing and CWT Solutions Group Nick Vournakis explained that inflation and market uncertainty were to blame.

“Price increases in 2013 will begin to level off in most regions compared to 2012 as booming economies like Asia Pacific’s begin to normalize, and as uncertainty remains in Europe,” he said. “[But] slightly higher prices will be the reality again next year as demand for travel outpaces supply in most places.”

Further afield, daily meeting and event spending is forecast to increase 11% in Latin America in 2013 and just one percent in Europe. Group sizes are estimated to increase six percent in North America.

Email the Travel Weekly team at traveldesk@travelweekly.com.au

Latest News

  • Events

World-leading EduTECH Congress and Expo returns to Sydney

The latest technology and trends shaping the future of the EdTech sector will be on show in Sydney next year when one of the world’s largest education events returns to NSW. Sydney will host the EduTECH Congress and Expo with events occurring from 2025-2027, generating an anticipated $24 million in direct expenditure for the NSW […]

  • Conferences

Melbourne and Geelong convention centres pave the way for accessibility and inclusion

The operators of Melbourne Convention and Exhibition Centre and the future Nyaal Banyul Geelong Convention and Event Centre have taken a significant step towards inclusivity with the launch of their latest Accessibility Action Plan. Welcoming visitors from diverse backgrounds, Melbourne Convention and Exhibition Trust (MCET) is committed to providing safe spaces to connect and engage. […]

  • Hotels
  • Luxury

The ultimate poolside indulgence? A “push for champagne” button at Raes on Wategos

Ever wanted a poolside “push for champagne” button knowing you’ll immediately get a pour of Maison Perrier-Jouët? Well now you can, as Raes on Wategos has unveiled a tiled centrepiece by artist in residence Eytan Messiah that does just that. The Byron Bay hotel’s current artist in residence has created the bespoke tile and ceramic […]

  • Hotels

Newly refurbished Pan Pacific Perth offers new era of refinement

Refurbishments at the iconic Pan Pacific Perth, the Adelaide Terrace hotel in the WA capital, are scheduled to be finished by late 2024, with new images revealing a new standard of luxury. While the refit got underway in May 2023, the transformation is now set to offers business travellers and holidaying guests new levels of […]

  • Events

Brisbane Festival 2024 returns from 30 August

Experience a rich tapestry of culture, celebration, and community throughout the city as the Brisbane Festival 2024 returns from 30 August to 21 September. The fifth program from artistic director Louise Bezzina invites guests to experience the pinnacle of artistry with world premieres, Australian exclusives, Queensland commissions, and Brisbane spotlights across 23 days. Tt brings […]

  • Food & Beverage

Nobu Bangkok the World’s Highest Nobu Restaurant at EA Rooftop at The Empire

Nobu co-founders Hollywood star Robert De Niro and Meir Teper, plus eponymous chef Nobu Matsuhisa have visited EA Rooftop at the Empire ahead of the official launch of the world’s highest Nobu restaurant in the heart of Bangkok. With unparalleled dining experiences with breathtaking panoramic views of the Bangkok skyline and the Chao Phraya River, […]