Meeting Professionals International (MPI) has published its Meetings OutlookTM, 2015 Spring Edition. The newest installment of the quarterly special report indicates 2015 is shaping up to be the year of intelligent growth for the meeting and event industry due to continuing periods of stability and moderate economic improvement.
Governor Bruce Rauner announced a record-breaking number of visitors traveled to Illinois in 2014, topping out at 107.44 million in total domestic travelers. It is a 3.8 percent increase over 2013, and the fourth consecutive year of record-breaking visitor numbers. One of the strongest growth sectors in 2014 was leisure travel, with day and overnight leisure visitors up 4.3 percent from 2013.
The increase in visitors also resulted in an increase in the state’s hotel-motel tax revenue, up nearly 6.4 percent to more than $250.6 million. That tax revenue, combined with the other economic impact contributions the state tourism industry makes through job creation and other taxes, is vital to Illinois’ economic growth.
ISES and HCC Specialty Event Insurance Risk Survey Shows Delivery and Weather are Main Concerns Amongst Event Providers
A survey on risk, carried out by the International Special Events Society (ISES) and specialist insurance provider HCC Specialty (HCC) has found that failure of vendors and sub-contractors top the list of concerns by event professionals when choosing insurance.
Explains How Dynamic Housing Models Work For Meetings and Events Industry
Experient and MGM Resorts International, in partnership with The Association of Equipment Manufacturers (AEM), have authorized and released the whitepaper explaining why dynamic housing models work for the meetings and events industry. The whitepaper, “Modernize Your Room Block Pricing Model,” can be downloaded for free at http://info.experient-inc.com/modernize-room-block-pricing.
The challenge for all meeting planners and event organizers is to sell the right rooms to the right customer at the right time for the right price. Planners and organizers need to obtain as many rooms as possible for the lowest rate in order to fill room blocks, while hotels need to ensure they are at the highest occupancy at the highest possible rate. The whitepaper explains how utilizing a dynamic flex pricing model, or rate yielding, is the best way to bridge this gap.
Meeting Professionals International (MPI) wants attendees to find their professional edge during its 2015 World Education Congress (WEC). This week the association revealed program details about the conference on its website, including session descriptions, speaker bios, pre-conference programming, networking events and more. WEC is scheduled for August 1 – 4, 2015, at San Francisco’s Moscone Center.
A new study by the Incentive Research Foundation, 10 Trends for Merchandise and Gift Card Programs in 2015, notes that retaining top performers and preparing them to take over the reigns during the next decade is a top priority for most organizations. A crucial part of that process will involve Merchandise and Gift Card programs that inspire and connect with these future leaders, keeping them happy, productive and engaged.
The IRF has identified 10 central trends that will help managers better understand what’s in store for the future in terms of this key motivational tool. Some highlights:
David Huether, senior vice president for research and economics at the U.S. Travel Association, provides analysis on the Labor Department employment report and the Commerce Department export report for February:
Following extensive research among members of The International Association of Conference Centres (www.iacconline.org), the association released its Top 10 Conference Foods Trends for 2015, which are influencing meeting planners when it comes to catering for conferences across the globe.
Mark Cooper, CEO, IACC commented, “People are always looking for new and interesting ways to cater for their conference attendees and food has become so much more than just fuel. Recently there has been an enormous shift towards health and the impact that food can have on concentration and productivity. The trends identified in our research take this knowledge to the next level and will help meeting planners to deliver the ultimate experience when it comes to catering for conferences across the globe.”
U.S. Travel Association President and CEO Roger Dow recently delivered the State of the Travel Industry address via a video message to the industry, in what is intended to become an annual series.
Dow extolled the industry's above-average growth rate, emphasized the need to enact travel-friendly policies to keep travel thriving and underscored U.S. Travel's ongoing commitment to monitor conditions and trends. Excerpts from Dow's remarks are included below.
Meeting Professionals International (MPI) has published its Meetings OutlookTM, 2015 Winter Edition. The newest installment of the quarterly special report indicates business is up and getting healthier. Though, the rising global seller’s market will continue to task meeting professionals suffering from shorter lead times and budgets that aren’t keeping pace with costs.
Key findings include the following: