The Five
The five most important developments event leaders should know this week.
The shift to smaller meetings reverses — and F&B and production, not hotel rates, are driving the cost
The GBTA/ALTOUR 2027 Global Business Travel Forecast, reported on 20 August, finds the multiyear move towards smaller meetings reversing, with planners requesting larger room blocks again. Cost per delegate per day is forecast up about 3% in 2026 and 1.5% in 2027, held down by relatively contained negotiated group hotel rates, while food and beverage for managed programmes rises in the mid- to high-single digits, ahead of the 3.5% food-away-from-home index, with production and labour climbing at similar rates. GBTA characterises 2027 as normalisation rather than reversal, and advises organisations committing to international programmes to plan for a weaker dollar.
Why it matters
The headline per-delegate number is comfortable enough to get a budget signed and wrong enough to blow it. Your exposure sits in F&B and production — the two largest lines in most meeting budgets, both inflating at two to three times the blended figure — at the moment attendee numbers are being pushed back up. Re-forecast 2027 with F&B and production indexed separately from accommodation, fix menu pricing and AV rates at contracting rather than at final guarantee, and put a written currency assumption against anything committed overseas.
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Prompt of the Week
One AI prompt worth stealing this week.
Challenge your event budget before Finance does
Copy + paste this prompt
Why use it
Instead of simply asking AI to reduce an event budget, this prompt turns it into a commercial challenger. Use it before presenting a budget internally to identify vulnerabilities, potential savings and the questions Finance may ask before they ask them.
Before uploading budgets, contracts or confidential company information to an AI platform, follow your organisation’s AI and data-security policies.