Report: Fees for PR consultants rose 11 percent since last year

A report from the International Communications Consultancy Organisation says the outlook for PR consultants is bright.

According to the International Communications Consultancy Organisation, the PR consultancy sector grew bigger and stronger in 2010, and it’s showing no signs of slowing.

The U.S. and United Kingdom markets saw double-digit rebounds in fee revenue at 11 and 13 percent, respectively. Profitability rose by an average of 30 percent in the U.K. in 2010.

The top five challenges for the organizations that were surveyed for the organization’s World Report were:

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