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Mike Dominguez: Hotel, F&B Prices Aren’t Going Down, and Other Predictions for 2023

Smart Meetings

“We haven’t seen the [impact of the] wheat shortage [in the United States] yet, which will be coming up sometime in 2023, and a lot of that has to do with Ukraine and Russia. Despite the recent layoffs and talk of a recession specifically in the tech sector, Dominguez is optimistic that the meetings industry won’t be impacted.

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16th Annual Meetings Industry Forecast

PCMA Convene

Emerging markets, however, retain their 22-percent share of the total market despite the declines in Brazil and Russia, which were partially offset by strong growth in markets such as Mexico, Indonesia, and the [Persian] Gulf region. Issa Jouaneh Senior Vice President and General Manager, American Express Meetings & Events.