Conference planners who have been around the block know that when hotels are doing well, they take everything they can, and when things slow down, prices start to fall. According to iGroupNews, hotels facing the crunch of this economy will be providing incentives, rather than dropping room rates.
Smart planners will seize on the incentives that make the conference experience better for attendees (and not just the ones that help planners trim costs), like free internet access, free parking, and waived resort fees for attendees.
Your attendees don't care that you got the meeting room for free or lowered the food and beverage minimum (unless, of course, you take the saved money and use it to enhance the event). And "Now with lower F&B minimums!" doesn't make for the best brochure copy. Instead, try using the incentives to make your event stand out from the rest.
Groups International places meetings and events business across the country and we still contend that hotels will continue to be aggressive in the areas of concessions, attrition and cancellation but may drop room rates depending on the piece of business or to entice a group that may be on the fence post.
Posted by: iGroupNews | December 26, 2008 at 11:13 AM
Groups International places meetings and events business across the country and we still contend that hotels will continue to be aggressive in the areas of concessions, attrition and cancellation but may drop room rates depending on the piece of business or to entice a group that may be on the fence post.
Posted by: iGroupNews | December 26, 2008 at 11:14 AM
Groups International places meetings and events business across the country and we still contend that hotels will continue to be aggressive in the areas of concessions, attrition and cancellation but may drop room rates depending on the piece of business or to entice a group that may be on the fence post.
Posted by: iGroupNews | December 26, 2008 at 11:14 AM
Groups International places meetings and events business across the country and we still contend that hotels will continue to be aggressive in the areas of concessions, attrition and cancellation but may drop room rates depending on the piece of business or to entice a group that may be on the fence post.
Posted by: iGroupNews | December 26, 2008 at 11:14 AM
Groups International places meetings and events business across the country and we still contend that hotels will continue to be aggressive in the areas of concessions, attrition and cancellation but may drop room rates depending on the piece of business or to entice a group that may be on the fence post.
Posted by: iGroupNews | December 26, 2008 at 11:14 AM