The “great resignation” continues to impact the meeting and event industry, with 60% of respondents indicating difficulty finding suitable staff—that’s more than double the percentage of respondents who said the same last summer.
82% of respondents project favorable business conditions over the next year, back up to the level seen in the spring 2021 survey.
More than 50% of respondents currently or soon plan on requiring proof of vaccination for staff, contractors and in-person event participants.
The percentage of respondents anticipating favorable live attendance over the next 12 months is at 75%, almost matching the all-time high seen in the summer 2021 survey.
South by Southwest (SXSW) returned live this year! The 35-year-old festival infuses on average $16-plus million of consumer spending into the Austin music scene over the course of nine days. The festival returned in March after its cancellation in 2020 and virtual show in 2021. Both the cancellation and virtual show were prompted by health and safety concerns due to the pandemic.