April 9, 2024

? There’s no question about it. Meetings drive the global economy forward by fostering collaboration, innovation, and economic growth.

Meetings create platforms for exchanging ideas, negotiating deals, and forging partnerships across industries and borders. Their financial impact extends beyond direct revenue generated from event-related spending. Meetings stimulate sectors such as hospitality, transportation, and tourism and serve as catalysts for economic development and prosperity on a global scale.

Researchers from the Events Industry Council and Oxford Economics pointed out the catalytic effects of bringing people together (the broader impacts that occur as a result of meetings), such as new business opportunities, knowledge transfers, future sales, business collaborations, new skills learned, and career connections.

Meetings and events aren’t just gatherings–they’re gateways to opportunity, innovation, and global connectivity. Virtual events have their place in our digital world, but the value of in-person events can’t be overstated. From fostering genuine connections and networking opportunities to facilitating knowledge sharing and inspiration, in-person events offer benefits extending far beyond a screen’s confines.

As the landscape of events and conferences continues to shift, remember the enduring power of face-to-face interaction in bringing people together, sparking innovation, and driving meaningful change.

And don’t forget to tune into MPI’s Global Meetings Industry Day broadcast on April 11, the premier virtual event for meeting professionals globally, where industry leaders will share valuable insights and experiences highlighting the impact of meetings on the global economy.

?How impactful are the events you produce? Tell us in the comments.

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