I read about a couple of new surveys -- both in Successful Meetings magazine -- that show positive news for the meetings industry, and I'd like to share the findings with you.One was conducted by IMEX and polled North American meeting planners about their outlook for a meetings recovery. In that survey, just over half (54%) of meeting professionals from the U.S. and Canada expressed "cautious optimism" about the return of the meetings and incentives market, and an additional 9% said they were "very optimistic." IMEX's poll was taken just after its May 2010 show.
Meanwhile, another survey points to positive news with important strategic implications. This one was commissioned by the Hospitality Sales & Marketing Association International (HSMAI), and it found that 60% of meeting planners felt increased pressure to show proof, as in statistics or metrics, that an event was successful and had great ROI. What are the preferred metrics? Event satisfaction, attendance and net revenue, according to the poll.
HSMAI also polled planners on meetings technology, and the organization found that technology is most useful for those who want to save time, be more organized and streamline business processes. Planners most preferred applications such as online registration, social networking tools, eRFPs, e-mail marketing, blogs, e-commerce and virtual meetings.
The increased confidence in a meetings recovery and the growing need to prove event ROI may seem like two separate developments (although both positive). However, it's plain to me that one is directly related to the other -- that the more successful you are at measuring meetings ROI and presenting it as proof positive that meetings work and are good for your company's bottom line, the more apt your CEO is to look upon meetings as a good business decision. And while I don't have a survey to back me up on this, the more likely it is that your meetings budget will increase.
But how to make that happen? The key is to be better communicators of meetings value.
It is a best practice to make it a regular practice to remind everyone from meeting planners to CEOs of the effectiveness of your SMMP -- in meetings policies, email blasts, company newsletters, executive dashboards with metrics, conference calls, training road shows...whatever forum applies. If you've measured ROI for past meetings, remind your audience of those findings, and by all means, continue to measure and internally publicize your meetings ROI figures.
Here in hot and humid Houston, I was much surprised with the announcement by the National Business Travel Association (That's its name for now, anyway!) at the annual convention and exposition that the organization next year will be known as the Global Business Travel Association. As a former executive and officer of NBTA, I’ve been in many meetings and discussions about changing NBTA’s branding to something else. Quite frankly, I have to say that I've seen it coming for years.
- LinkedIn users held steady at about 58% annually;
Now that there's real evidence that the economy is improving (consistent rises in GDP and recent, positive news on corporate earnings), meetings managers everywhere are asking, is the sensitivity over using luxury hotels and spas for events over, and should we start once again taking a look at them when sourcing? The hesitancy I hear about this issue reminds me of the tagline from the movie "Jaws 2:"..."Just when you thought it was safe to go back in the water..."
Mandates to use preferred hotels and other suppliers are here to stay; they're becoming less of an option in this "new normal" atmosphere of renewed -- yet fiscally sensible -- business and meetings travel levels. Many companies used the recession as an opportunity to cut costs and impose more policy compliance throughout the enterprise.
But the story correctly projects that, even as the economy shows signs of more robust growth, and more business travelers are hitting the road, the scrutiny over whether a trip is necessary -- or if web conferencing, teleconferencing or telepresencing would work just as well -- will continue.
A new report out on commercial card spending notes that 2009 is the first year since purchasing cards were introduced to see a drop in overall spending. In fact, it was a year of decline for the commercial card industry on the whole, which, for more than a decade has posted double-digit spending growth figures.
ike integrate the tools into their online registration and conference sites and send out speaker and logistical information, organizations are making broader decisions about how and why to use the tools in their meetings programs.
Doing more with fewer dollars and less support staff is a common theme in the meetings management industry these days (Actually, this is pretty common among most industries -- at least judging from complaints I hear from friends in other lines of business.). So I wasn't surprised to read a new FutureWatch study that found one in five corporate planners polled are doing more with less, and 14% are concerned about a lack of staff and too much responsibility.
We've just witnessed an important positive indicator in the convention and exhibition business and thankfully it benefited Las Vegas, a destination hurt by a double whammy of negative public perception and the economy.
If video or web conferencing is a significant portion of your meetings program, perhaps it's time to consider creating or fine tuning guidelines around how attendees show up for these events -- meaning how they dress and present themselves when they get on camera.
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