Global DMC publishes latest Pulse results 

MICE News
Thursday, 15 February 2024

Global DMC Partners (GDP) has released the results of its Q4 2023 Meetings & Events Pulse survey, a report on what is currently driving decisions in the global meetings and events industry. 


With 246 responses collected throughout December 2023 and January 2024, the report covers topics including meetings and incentives budgets, cost management strategies, lead times, Diversity, Equity and Inclusion (DEI) integration, sustainability practices and industry adoption of AI tools. 

Key responses included: 

• Planners are employing diverse strategies to offset rising expenses, including reducing F&B spending by providing attendees with meal vouchers or dining gift cards, building in more leisure time and reducing the number of overall events. 
• The post-pandemic landscape has led to more than half of respondents reporting shorter lead times, with 12 per cent executing events in less than three months and 29 per cent organising events within a four to six-month time frame. 
• International respondents have a greater focus on DEI integration, with 50 per cent of international organisations incorporating DEI elements into at least half of their programs, versus 35 per cent in the US and Canada. 
• Reducing plastic usage and waste is the primary sustainability goal across all respondents.
• Chatbots dominate the MICE industry adoption of AI tools.

In the midst of persistent cost challenges, a significant percentage of planners faced budget stagnation for meetings and incentives in 2023, with 44 per cent and 52 per cent indicating no change respectively. 

Looking ahead to 2024, over 30 per cent of planners expect an increase in meetings and incentives budgets, but on average, 50 per cent of planners foresee that their meetings and incentives budgets will remain the same from 2023 to 2024. 

Higher costs continue to be the number one challenge for planners, followed by budget management. Other challenges include finding availability, timely approval from decision-makers, contract negotiations, responsiveness and service levels. 

For the full results of the survey visit https://globaldmcpartners.com/power-your-planning-download-gdps-2023-pulse-survey-report

Global DMC publishes latest Pulse results 

MICE News
Thursday, 15 February 2024

Global DMC Partners (GDP) has released the results of its Q4 2023 Meetings & Events Pulse survey, a report on what is currently driving decisions in the global meetings and events industry. 


With 246 responses collected throughout December 2023 and January 2024, the report covers topics including meetings and incentives budgets, cost management strategies, lead times, Diversity, Equity and Inclusion (DEI) integration, sustainability practices and industry adoption of AI tools. 

Key responses included: 

• Planners are employing diverse strategies to offset rising expenses, including reducing F&B spending by providing attendees with meal vouchers or dining gift cards, building in more leisure time and reducing the number of overall events. 
• The post-pandemic landscape has led to more than half of respondents reporting shorter lead times, with 12 per cent executing events in less than three months and 29 per cent organising events within a four to six-month time frame. 
• International respondents have a greater focus on DEI integration, with 50 per cent of international organisations incorporating DEI elements into at least half of their programs, versus 35 per cent in the US and Canada. 
• Reducing plastic usage and waste is the primary sustainability goal across all respondents.
• Chatbots dominate the MICE industry adoption of AI tools.

In the midst of persistent cost challenges, a significant percentage of planners faced budget stagnation for meetings and incentives in 2023, with 44 per cent and 52 per cent indicating no change respectively. 

Looking ahead to 2024, over 30 per cent of planners expect an increase in meetings and incentives budgets, but on average, 50 per cent of planners foresee that their meetings and incentives budgets will remain the same from 2023 to 2024. 

Higher costs continue to be the number one challenge for planners, followed by budget management. Other challenges include finding availability, timely approval from decision-makers, contract negotiations, responsiveness and service levels. 

For the full results of the survey visit https://globaldmcpartners.com/power-your-planning-download-gdps-2023-pulse-survey-report