2022 Q2 Global Business Events Barometer
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According to the 2022 Q2 Global Business Events Barometer, the RFP activity index increased to 81, equivalent to 81% of 2019 levels. The hotel group room nights index matched the gain, rising to 83, representing stays during the quarter equivalent to 83% of 2019 levels.
Longer-term forecasts in the Barometer indicate that the global economy may recover some momentum in the second half of the year, as inflation pressures begin to ease slightly and spending on global travel moves closer to 2019 levels.
The Global Business Events Barometer was created by Oxford Economics using data provided by Amadeus Hospitality, Cvent, the Global Business Travel Association and STR Global. EIC would like to thank the following leading organisations for generously supporting and sponsoring the report: AHLA, ASAE, Freeman, IACC, IAEE, IRF, Los Angeles Tourism & Convention Board, Maritz Global Events, Meetings Mean Business, MGM Resorts International, MPI, Northstar Meetings Group, NYC and Co, PCMA, RCMA, SISO and SITE.
Download the full report here.
