Hotel Venues, Especially Airport Properties, See More Meetings in a Down Economy

"The Meetings Market: Outlook 2009/2010," a survey conducted by the Professional Convention Management Association, American Express and the Y Partnership, has revealed some interesting information, from the cost of meetings to planners' intentions for booking events in 2009 and 2010. It also provided some pertinent data specific to meeting venues.

According to the survey, about one in 10 planners (11 percent) said they expect to increase the number of off-site meetings booked at hotels in 2009 and 2010. Airport hotel proprieties may especially benefit. One in six planners (16 percent) said they expect to use these venues more in the months ahead.

Not surprisingly, "upper upscale, "luxury" and resort venues are expected to take the biggest hit from the decline in booked meetings. About half of professional planners expect to use "upper upscale" and "luxury" properties less in 2009 and 2010. Nearly one half of planners (47 percent) expect to decrease the number of off-site meetings booked at resorts in 2009 and 2010.

If you're a planner in need of a change of venue for your upcoming meetings, make sure to check out the Cvent Supplier Network. You can search a range of venue properties, from hotels and conference centers to restaurants and museums. Plus, you can filter your search based on criteria such as distance from airport, number of sleeping rooms, and total meeting square feet.
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