EIBTM 2008 Industry Trends & Market Share Report - HCB

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PART TWO: KEY MARKETS 12
THE US Growing concerns over economic matters dominated many of the surveys of US meeting and event planners in 2008. Convene’s 17th Annual Meetings Market Survey (largely of US-based association meetings planners) revealed planners’ high levels of concern about rising costs of everything from air travel to hotel rooms, food and beverage, gratuities, to Internet usage at meeting facilities. More than 140 (out of 431) cited higher rates/additional or “hidden” fees/rising costs as the biggest issue they grappled with. This was echoed in the findings of the MeetingNews 2009 Industry Outlook survey, which revealed that budget pressures and rising costs remained the most critical concerns for nearly 80 percent of respondents, with other issues such as Return on Investment and Corporate Social Responsibility ranking much lower. (Meeting News 06/10/08)(1). According to the Convene survey: * 43 percent of US-based association planners expect to hold meetings outside the United States in the next few years - down from 49 percent the previous year’s survey. * 2007 Attendance vs. 2006 Attendance: Close to one-half of respondents (44 percent, up from last year’s 41 percent) reported that attendance at their largest 2007 meeting increased compared to 2006, while 23 percent report no change in attendance. * Projected 2008 Attendance vs 2007 Attendance: Almost one-half of respondents (46 percent) expected 2008 attendance to increase, while 36 percent did not expect any change. The projections from last year were very similar. * The international destinations that respondents are most likely to consider are: Canada 42% / Mexico 22% / Western Europe 21%/ United Kingdom 20% / Asia Pacific 17%. According to Lodging Econometrics Mid-2008 Hotel Pipeline Report, the construction of new hotel facilities in the US was at a record high in 2008, with with 5,883 projects/785,547 rooms in the pipeline, accounting for 43% of the total global development. Starwood Hotels & Resorts Worldwide, Inc continued its robust expansion, with steady growth in underpenetrated markets this year in North America, where over 50 new properties were opened. In September, Anchorage’s newly completed and state-of-the-art Dena’ina Civic and Convention Center opened for meetings and events, with 215,000 square feet of meeting and trade show space. In the same month, the new Raleigh Convention Center opened its doors, with 500,000 square feet of functional space, including an exhibit hall and 20 meeting rooms. And in anticipation of the opening, new hotel projects were undertaken to put over 1,000 rooms near the convention center. 13
Page 1 and 2: EIBTM 2008 Industry Trends & Market
Page 3 and 4: PREFACE “When America sneezes, th
Page 5 and 6: THE ECONOMIC CONTEXT The ‘R-word
Page 7 and 8: Table 1 shows the eight most popula
Page 9 and 10: THE SOCIAL CONTEXT Corporate Social
Page 11 and 12: In order to highlight the potential
Page 13: * Information they cannot get off t
Page 17 and 18: Table 2: ICCA country and city rank
Page 19 and 20: The scale of the development of mee
Page 22 and 23: PART THREE: PERFORMANCE OF SPECIFIC
Page 24 and 25: verge of collapse, was bailed out b
Page 26 and 27: PART FOUR: KEY TRENDS 24
Page 28 and 29: Some examples of recent strategic a
Page 30 and 31: PART FIVE: OUTLOOK 28
Page 32 and 33: In the North America market, the Fo
Page 34 and 35: SOURCES ARTICLES ‘Signs of Life:
Page 36 and 37: Roland Berger 2008 study ‘Pharma

EIBTM 2008 Industry Trends & Market Share Report - HCB

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