Asia Pacific is the only region where the meetings and events industry will grow in 2013, according to American Express, which is forecasting a 6.4% increase in the number of AP meetings over the next 12 months.
Amex believes North America will be flat (0.0%) and predicts declines for Europe (-2.3%) and Central/South America (-1.1%). The top five AP meetings destinations will be: Shanghai, Singapore, Sydney, Beijing, Bangkok.
“However, we still see some cautious sentiment,” said Danielle Puceta, Director American Express Meetings & Events, Asia Pacific.
“Concerns around security or safety seem to be the biggest influence over the choice of meeting destination for 2013.”