Are Meeting Planners Determined to Overcome a “Rosy” Outlook?
As a motivational speaker on overcoming challenges, it may be counter-intuitive for me to ask clients in the meeting planning industry if they are determined to ‘overcome’ the rosy market outlook for 2020.
Most industry surveys for 2020 seem to be optimistic enough. The consensus is that attendance at industry meetings will modestly increase on a global level anywhere from 1- percent to 3-percent; that meetings should be longer and that hoteliers are projecting a resurgence in building. However, we all understand that wearing rose-colored glasses is not always a good business strategy.
Despite its general optimism, the “2020 Amex Global Meetings and Events Forecasts” does project a decrease in internal meetings; that the political outlook can’t be ignored; that meeting budget increases will match escalating costs. Of the many concerns in the forecast is that “meeting planners will continue to be required to do more with less.”
Business Travel News in their September 2019 piece “Meeting Professionals Anticipate Growth for 2020” looked beyond the good news.
The good news is that “planners expect to see room availability increase by 0.8 to 1.4 percent and available meeting space to increase by 0.8 to 1.9 percent.”
However, we all know that while planners highly favor “top-tier” meeting locations, space has not kept up with demand. The article re-quoted a highly placed meeting planner who said, “they’ve been moving to second-tier cities, which are more affordable but also may add to travel time for meeting attendees.” Traveling as much as I do, I am also aware that while meeting space in second-tier cities may be more affordable, transportation and frequency of flights may not follow suit.
Echoing the point above, business writer Chris Ryall in an article for Skift Asia Weekly entitled “Meeting Planners Anticipate Rough Year in 2020,” stated:
“Planners will be pressed to find good deals for their clients at a time when venue availability is limited. Looking ahead, all of these issues will become even more pronounced in an election year amid an uncertain global economy.”
It is a Matter of Vision
It is one thing to paint a glowing picture of what the meeting industry should look like, and another to turn the picture into reality. Every meeting planner understands this.
After the terrible accident that suddenly changed me from an athlete and martial artist to a quadriplegic, there were wonderful family members and many close friends who stopped by my room to wish me well.
Without exception, they offered rosy guesses when I’d be on my feet, or how everything would return to normal, or how good I looked. That was their vision for me, but it was a much more difficult road for me to visualize myself moving my arms, writing a note or moving my legs. I realized I would need to develop the determination and the daily grit to push myself as hard as I could to be successful.
In 2020, expect big challenges for the meeting industry, but with vision, determination and grit you will achieve success. While the outlook may seem terrific, get rid of the rosy glasses. It is up to you to make it happen.
To speak with Scott Burrows, Inspirational Speaker about Overcoming Challenges for your next meeting, connect with his office today by calling: (520) 548-1169 or through this website.