Industry News

The rejuvenated economy is having a positive effect on both travel incentives and merchandise/noncash reward programs.

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Rob Davidson, of MICE Knowledge, reports rising confidence in the industry.

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Occupancy to rise 1.1 percent to 65.1 percent, ADR to increase 5 percent to $121.37 and RevPAR to grow 6.2 percent to $79.06.

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IACC Conference Centers see continued recovery in their rates, which are higher than 2013.

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SITE Index confirms that the use of motivational travel experiences continues to increase due to ever-improving economy.

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GBTA Foundation forecasts business travel growth to expand by 4.9 percent and 6.6 percent in 2014 and 2015, respectively.

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Forecast calls for a 6.2 percent increase in U.S. average daily rate.

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MPI’s latest Meetings Outlook shows increasing costs for services in concert with only slight budgetary growth.

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The forecast suggests compliance will remain at the top of the agenda for next year.

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Misperceptions are impacting travel to Africa.

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