A recent Meetings Industry Association (MIA) poll of visitors to the association's website suggests the industry is showing the early signs of recovery, with 40% of respondents claiming that their business is either in recovery or showing signs of recovery.
"No one is claiming we are out of the woods and that the good times have returned, but I do feel it is good news when almost half of respondents to our poll can foresee positive times returning to their businesses." comments Jane Evans, MIA Chief Executive.
"It demonstrates that the hard work everyone in the industry has put in over the last year is beginning to show a return. It's encouraging, but there's a lot more for us all to do."
This poll result contrasts significantly with the "Actual impact of the 'credit crunch' on the conference and events market report", a survey conducted by the MIA in February, which found then that "confidence in trading conditions over the coming six months had fallen significantly."
Jane Evans adds, "Clearly we need more evidence to prove that the 'green shoots' really are on their way. Our next report on the actual impact of the downturn, the 'Summer Credit Crunch Report' is published later this month and it will be interesting to see how this poll compares to its more comprehensive results."
The MIA's Summer Credit Crunch Report is the third in a series of reports conducted for the MIA by HRG, with the objective of providing an insight into current market conditions, and giving the industry a solid base of reliable information from which to make decisions.
For more information, visit MIA
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