face2face

More meetings to come

According to an article on hotelnewsresource.com, a recent HSMAI survey of those who pre-registered for its fifth annual Hospitality Sales & Marketing Association International’s Affordable Meetings Mid-America show April 6-7, 2005 at Chicago’s Navy Pier:

the majority of the respondents (53.7 percent) expect to plan more meetings in 2005 and beyond. Most of those respondents anticipate planning three – 10 more meetings (one respondent was a particular stand-out by citing an increase of double the number of meetings planned last year – for a total of 400 in 2005).

Additionally, nearly half of the respondents indicated that they have increased budgets to plan meetings.

Oh good, good times are here again, just in time for the return of the seller's market! I hope those setting the budgets are factoring in the probability that their room rates will be going up, rather than basing budgets on recent history.

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