United Kingdom
United States
Asia Pacific
The meeting season
October and November are the cash cows of the meeting and convention industry, says Meetings & Conventions Magazine in a recent report.
This year, they will bring in an estimated $8 billion. Hotels and airlines are most significantly impacted industries.
The report noted that the planning timeframe is up 5&, with events now averaging two years from start to finish.
“Coupled with an average of 14 meetings a year for a typical association, association staff resources can be stretched thin, as almost half do not have full time staff devoted to meeting planning,” the report said.
Association management companies are growing as a result.
“The trend is expected to continue, since 94% of meeting planners surveyed in the report noted that they plan to have the same or smaller budgets in the coming year,” said the magazine.
Other trends include:
· The volume of meetings is up 12% over the last two years.
· Corporations and associations almost split the distribution of the $28 billion meeting market.
· Meeting planners including in-house, independents and association management companies manage 14 to 17 meetings a year.
Report by David Wilkening
David
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Gatwick braces for strike
Co-pilot faints, easyJet flight issues ‘red alert’