News & Articles - economic

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    Business Events Have Major Economic Impact

      The Events Industry Council (EIC) has released the 2026 Global Economic Significance of Business Events Study Executive Summary, produced in association with Oxford Economics. The study provides a comprehensive view of the scale, scope and impact of business events worldwide, measuring activity across more than 180 countries. According to the study, business events generated US$1.3 trillion in direct spending worldwide in 2025 – 12.2 per cent higher than pre-pandemic 2019 levels. Including indirect and induced impacts, the sector supported…

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  • Will market disruption make room blocks the next casualty?

    By Anita Carlyle, CMP, CMM At a recent PCMA East Canada workshop in Ottawa, meeting professionals and business event suppliers came together to discuss room blocks. Consensus among the hotel sales representatives was that it is business as usual – if clients want the use of meeting space, they will be held to specific room blocks. These blocks will continue to be contracted with attrition clauses that mandate room and food & beverage revenue. Group business is the hotel’s base…

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