News & Articles - forecast

  • tourism

    Canada Tourism Recovery Expected by 2024

      Full recovery for Canada’s tourism industry is expected as early as 2024, according to Destination Canada’s latest outlook forecast. Despite ongoing challenges, the recovery trajectory for Canada’s tourism sector is strengthening, bolstered by the lifting of COVID-19 restrictions and resilience in travel demand. Leisure travel is now expected to recover to 2019 levels by 2024. Domestic tourism will continue to lead the sector’s recovery with strong spending providing a foundation for brisk recovery to 2019 levels. Domestic travel market spending is…

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  • American Express Meetings & Events forecasts increased industry confidence and competition in 2018

    Localization, compliance, and tech-driven customer experiences driving trends next year The meetings and events industry can be optimistic about growth prospects next year, driven by increased competition in the supply chain for market share, and robust investments and a desire for consolidation of spend by buyers, according to 2018 Global Meetings and Events Forecast from American Express Meetings & Events. Across the globe, the continued localization of meetings programs will be a key trend next year, as meeting professionals seek…

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  • Destination Hotels reveals 2017 trend forecast in fifth annual ‘State of the Meetings Industry’ survey

    Destination Hotels, a leading collection of luxury and upscale independent hotels, resorts and residences across the United States, now part of Two Roads Hospitality, recently released key findings on 2017 meetings trends from its fifth annual “State of the Meetings Industry” survey. By analyzing the responses of more than 400 corporate, association, government and independent planners, Destination Hotels has gleaned trends about how planning duties and meetings themselves are changing for 2017. The following is a summary of the most significant survey…

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  • CWT’s 2017 Meetings & Events Forecast predicts event growth

    Forecast defines safety, security and technology as trends for the year ahead CWT Meetings & Events recently launched its 2017 Forecast. CWT uses data and insights about all aspects of the industry to provide meeting planners essential information they need to successfully plan and budget for the coming year. From a global perspective, analysts predict GDP growth will be slightly lower in 2017, so now is the time for planners to get the very best value for money and reduce the…

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  • China solidifies newfound position as world’s largest business travel market

    China accounts for nearly 25 per cent of global business travel spending Despite a moderating economy, China remains one of the fastest growing business travel markets in the world, according to the GBTA Foundation’s latest business travel forecast, GBTA BTI™ Outlook – China 2016 H2. Total business travel spending is expected to grow 9.2 per cent this year reaching US$317.9 billion. In 2017, another 8.4 per cent increase is expected bringing total Chinese business travel spend to US$344.6 billion. By…

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