Figure 12: Planned areas of investment within the next 18 months
Technology
84%
Conference & Meeting Room Spaces
70%
Public Spaces
54%
Dining Spaces
46%
Guest Rooms
41%
Recreational & Activity Spaces
40%
Outdoor Spaces (meeting or dining)
38%
Individual Workspace Areas for Attendees
25%
Some venues remain, however, restricted in their investments due to reduced budgets. A quarter of respondents said their improvements budget is lower than it was in 2019, 35% said it is the same, and 40% now have a higher budget than pre-pandemic. While in the previous edition of MRoTF, venue operators in Europe were more likely to report an increase in their improvements budget (48%) compared to venue operators in the Americas (35%), both regions have now levelled out at 41%. Respondents from Europe (28%) were slightly more likely to have a lower improvements budget compared to 2019 than those from the Americas (24%).
Figure 13: Improvements budget compared to 2019
-100%
1%
-75%
6%
-50%
5%
-25%
13%
The Same
35%
25%
20%
9%
50%
75%
6%
100%
3%
Over 100%
3%
17
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