12 Mar 10 And the Survey Says…

Did you know that 90% of meeting planners polled state that their budgets are smaller due to the over-all economic slump? What’s more, over one third of planners predict they will book fewer meetings due to public opinion. In 2009, the PCMA/AMEX/Ypartnership sent surveys to professional meeting planners in order to gauge the effect of economic conditions and media feedback on meeting planning in 2010. The survey covered a number of topics including:

• How many meetings were hosted in 2009? How many are planned for 2010?
• Geographically speaking, where are meetings held?
• How much impact does the economic downturn have on meetings planned for the future?
• Does the media have an impact on how and if meetings are scheduled?

The outcome of this survey will not surprise most meeting planners. The economic crunch has and will continue to affect the number and type of meetings scheduled for the upcoming year. Negative media attention is a factor in the decrease of meetings. Bad press has the biggest negative impact on the largest meetings. Luxury and upscale accommodations are things of the past, at least for the moment.

Meeting planners as a group must point out that face to face meetings are an important part of industry interaction and curtailing these activities has a negative effect on companies. Reinstating corporate and government meeting can have a positive impact on U.S. economy and on personnel morale.

Tags: Amex, Budgets, Economic Conditions, Economic Crunch, Economic Downturn, Economic Slump, Economy, Face Meetings, Face To Face, Industry Interaction, Many Meetings, Media Attention, Media Feedback, Meeting Planners, Meeting Planning, Negative Impact, Pcma, Public Opinion, State Budgets, Upscale Accommodations, Ypartnership