In a May 8, 2025, post, the always insightful Dave Lutz shared some deeply troubling statistics on the current state of the meetings industry. I’ve emphasized a few of the more sobering takeaways and added a couple of links for context:

“Pre-pandemic, top-performing annual meetings and trade shows that we analyzed yielded a gross profit of 55–65 percent. In 2024, the gross profit for those same events was down by 20 points. For this purpose, gross profit is calculated by subtracting direct event expenses (not including salaries, overhead, or allocations) from gross event revenue and then dividing by gross event revenue.”

“While many major events have nearly recovered on the revenue side, the primary culprit for a lower gross profit is the significant increase — about 30 percent — in expenses. For some associations, this means that millions of dollars of funding for advocacy and member services will therefore need to be cut or reallocated. That results in increased oversight and pressure for event leaders like you.

Most reports claim that our industry has recovered to pre-pandemic levels. While that may be true for our hospitality partners, only 29 percent of the event planner respondents to PCMA’s Annual Meeting Market Survey said attendance at their largest in-person meeting was on par with pre-pandemic levels and one out of five planners said attendance was lower than 2019. On the flip side, nearly half (49 percent) said attendance was higher — a better picture than CEIR’s Q3 2024 Index Results, which found that only 34 percent of events surpassed their pre-pandemic performance levels. In Q2, attendance performed better — 44 percent surpassed their pre-pandemic attendance levels.
—Dave Lutz, Growing Your Credibility

Ouch.

From my perspective as a meeting designer who works closely with event owners, this data is unsettling. In 2025, many are facing a brutal combination: revenues that remain flat, while expenses have jumped by 30%.

The now-normal trend of last-minute attendee registration only worsens the situation. How can you plan confidently when your final numbers arrive days before the doors open?

Something’s gotta give.

And it has.

Yes, we’re holding in-person meetings again, approximately as many as we did before COVID, but most event owners are clearly still in a tough financial bind. With limited, if any, revenue growth, they are being forced to scale back the very services that make their events successful.

I’ve felt it myself. Before COVID, I was often overbooked. In 2025, the demand for my services—designing and facilitating meetings that people love—is down significantly. I still do meaningful, satisfying work with excellent clients. But I’m doing far less of it.

When meeting owners have to trim expenses to avoid going into the red, value-add service providers become easy, if regrettable, cuts.

And I doubt I’m alone.

Are you a meeting owner struggling to make the numbers work? Are you a supplier feeling the impact of today’s leaner events?

Please share your thoughts and experiences in the comments. Let’s learn from one another.