The overall cost per attendee per day for meetings and events around the world increased in 2017 and is expected to continue rising next year, according to the 2018 Meetings and Events Future Trends report produced by CWT Meetings & Events, a division of Carlson Wagonlit Travel. “Costs are rising in key M&E markets, globally,” said Cindy Fisher, senior vice president and global head, CWT M&E. “With a 3.7% increase in hotels and 3.5% rise in air fares projected for the coming year, that trend is likely to continue.” This will have a significant impact on some of the top global destinations including London, São Paulo, and Rio de Janeiro, according to the report. Also, certain popular venues in these cities may see drop-offs next year. North America has seen the cost per attendee per day increase by 3% in 2017 with new supply growth slightly exceeding demand. In the US, hotel and air travel prices are both expected to increase by 2.5% in 2018, with expectations that new supply growth and increasing demand will be about evenly matched. On top of that, domestic leisure travel has been increasing, meaning some hotels and resorts may limit group blocks at peak times.