Cost per attendee
Costs per attendee are expected to rise next year even as growth in aviation and hotels begins to stabilize, according to a new GBTA report. The cost per person to host a meeting or event actually fell by 3% last year, is expected to increase by 4.3% this year, and is expected to increase by another 4.5% in 2025. The average daily cost per attendee will grow from $162 this year to $169 in 2025, according to the recently released 2025 Global Business Travel Forecast from business travel and meetings company CWT and the Global Business Travel Association (GBTA). Despite rising food and hotel room costs, cost per attendee will increase from 2022 to 2023 as meeting and event organizers shift to holding smaller, more business-focused meetings at more affordable venues and destinations Year-on-year decline. Through 2024 and looking forward to 2025, these costs are expected to rise as the business travel industry continues to recover, increased demand for larger…
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