Americas: Global Growth, More Meetings in 2015
Global economic growth has been climbing steadily since 2013, a trend that will continue into 2016, according to data crunched by CWT for its 2015 Meetings & Events Forecast, a supplement to its 2015 Global Travel Price Index, which was this year conducted in partnership with the Global Business Travel Association. The forecast pegs global GDP growth at 4 percent in 2015.
In line with that, hiring in the U.S. may finally pick up next year, according to the latest Meetings Outlook from Meeting Professionals International, which found 42 percent of respondents said their organizations will hire more full-time employees in 2015 and 25 percent said more part-timers will be hired. The hiring may be responsible for an increase in meetings overall and in particular a renewed popularity in training meetings for all the new hires. The training bump was identified by both the MPI report and, earlier this fall, by the American Express 2015 Global Meetings & Events Forecast.