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From major travel booking platforms offering built-in travel assistants, to travel tools that churn out individual and group itineraries that update in real-time, to chatbot agents, this high-tech efficiency trend that emerged in 2024 is here to stay. Evolving Travel Attitudes Move aside bleisure travel. Travel forecasts 8.8
From growth rates and attendee numbers to sustainability efforts and tech adoption, the statistics of this year paint a compelling narrative. Events are back and estimated to reach $2.2 billion by 2028 Before the pandemic in 2020, the event industry was valued at approximately $800 billion. until 2028. until 2028.
As the nearly $1 trillion event industry continues to rebound from the pandemic, event professionals are poised for a prosperous future. According to a report by Insight Partners, the event industry is going to double in size by 2028, growing at a compound annual growth rate (CAGR) of 11.1% through the next five years.
Propelled by these possibilities, the global events market is expected to surpass $2 trillion by 2028, according to Verified Market Research. Today, there are three types of events that can be planned: In-person events: Traditional face-to-face gatherings, such as a trade show, conference, or corporateevent.
Travel Association s Destination Capitol Hill annual advocacy push for modernization to unlock a new Golden Age of Travel in advance of the 2026 FIFA World Cup and 2028 Summer Olympics. business and professional events industry. The message coincided with Global Meetings Industry Day on March 3 and the build up to U.S.
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