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Webinar Wrap-Up: 2012 Meetings Market Trends Survey

Meetings Focus Webinars
2012 Meetings Market Trends Survey
Original Air Date: Wednesday, Dec. 14, 2011   View this webinar online now!

In Focus
Taxing Times

2012 Meetings Market Trends Sneak Peek

Some initial observations from Meetings Focus' major annual survey

By TYLER DAVIDSON

It seems the market is sliding back into favoring sellers, with prices expected to increase.

The first thing that leaped out to me was a fairly big discrepancy in what various planner segments thought would be their biggest challenge next year.

Ten percent more government planners this year identified a lower budget as their biggest challenge, while about 3% less corporate planners and 4.4% less association planners said a small budget was their primary concern.

On the flip side of the same question, a whopping 10.3% more association planners said increasing costs was the biggest challenge, along with 5.1% more corporate planners and 4% more independent planners; 13.5% less government planners this year said increasing costs were their biggest challenge.

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Loews Atlanta Hotel
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Your success is our success. That’s why we guarantee it.

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Loews Santa Monica Beach Hotel
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Your success is our success. That’s why we guarantee it.

Loews Santa Monica Beach Hotel ensures successful meetings at the best deal possible. With 17,000 square feet of flexible, indoor and outdoor spaces at the best location on the beach, discover what makes every meeting with us an exceptional success. Guaranteed.

Value is the new luxury.™ Fortunately for meetings, we deliver both.

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On Topic

Smith Travel Research

STR’s Hotel News Now e-newsletter

PKF Consulting

SITE and MPI foundations joint study on incentive industry convergence

The Incentive Research Foundation

Corbin Ball’s 12+ Meetings Technology Trends to Watch for 2012

PriceWaterhouseCoopers hospitality and leisure travel

 

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Free On-Demand Webinar
Bobby Bowers 2012 Meetings Market Trends Survey
Speaker: Bobby Bowers
Wed., Dec 14, 2011
With a recovery in the meetings industry most likely gaining steam, now is the time to really strategize for 2012. Every year, Meetings Focus publishes a comprehensive survey of the meetings industry, and the 2011 effort will give you a leg up on the competition.

LEARNING OBJECTIVES:
• Trend analysis from 2011, and predictions for next year
• Hotel room rate forecasts for key meetings markets
• Response information that will provide benchmarks to help you do your job more efficiently
• An analysis of issues such as airlift, the cost of individual meeting components and staffing
• Contract issues and trends

Watch Now!
Next Live Webinar
Paul Salinger CSR: Creating Positive Results
Speaker: Paul Salinger
Wed., January 25, 2012
1:00pm EST
Including a well-planned corporate social responsibility (CSR) program can reap dividends such as inspired attendees and good p.r. for your organization. Discover some of the latest CSR trends and how you can communicate their importance to organizational stakeholders—all with an eye on the bottom line.

LEARNING OBJECTIVES:
• How to “sell” a CSR program to organizational decision-makers
• Examples of successful CSR programs
• How to maximize your message via good p.r.
• Measuring the success of your CSR program

Register Now!
Meet in the Middle at Lied Lodge & Conference Center
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Located in the center of the United States, easy access from Omaha’s Eppley Airfield and major highways is just the beginning. The professional conference planners and flexible meeting packages make planning easy for creative and productive meetings.

Voted “Best of the MidAmerica,” Lied Lodge has everything you need in an inspiring setting—144 guest rooms, 14,000 square feet of eco-conscious meeting space, a menu featuring locally grown food, comprehensive recycling programs, environmentally responsible golf and much more.

For more information, visit www.liedlodge.org/conferences or call (800) 546-5433.


Bobby Bowers
Bobby Bowers
 
Six Takeaways

1. Value is king

2. Slower economy, but with improvement in the second half of 2012?

3. Low supply growth in most markets

4. Growth in demand, but slower

5. Pricing traction sustained?

6. The climb-out continues

view video webinar

 

2012 Meetings Market Trends Survey
Available Online Now!

 

Meetings Focus Forum
Key Facts
Supply is down, with fewer projects in the pipeline since the economic downturn, but demand is rising.

RevPAR (revenue per available room) is gaining in key markets, and ADR (average daily hotel room rate) is increasing, especially in upper-tier hotels.

Group ADR is still trailing 2007 numbers, but the gap is closing.

RevPAR percentage change is the strongest in the following markets: 1. San Francisco; 2. Miami; 3. Oahu; 4. Los Angeles; 5. Dallas.

Occupancy percentage change is the strongest in the following markets: 1. Houston; 2. Dallas; 3. Miami; 4. Los Angeles; 5. Phoenix.

ADR percentage change is the strongest in the following markets: 1. San Francisco; 2. Oahu; 3. New York City; 4. Los Angeles; 5. Miami.

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