Here are the key pricing predictions that will impact your meeting budgets. Hotel industry consolidation and a consistent “do more with less” mentality warrants the need to evaluate your meetings budgets. Given the economic environment, a plan to arm and educate will ensure you get the most out of your spend. Here are big bucket pricing predictions for 2017.
- Airline prices in North America are projected to increase by 3.7%
- Hotel prices in North America are projected to increase by 4%
- Hotel food and beverage prices go up an average of 5% (or more) every year
- Ground Transporation prices in North America are projected to remain flat