Corporate Events: On the Way Back

In a recent survey by CMI's sister magazine Special Events, 80 percent of in-house corporate event pros predicted that their companies' spending on events in 2004 would be on par with or better than 2003 spending. One-third of respondents said that spending would be up next year.

When asked how many events (including galas, recognition dinners, company picnics, etc.) their organizations stage annually, 39 percent said six to 19 events — a healthy number. The second-highest percentage, 28 percent, plan between one and five events a year. Almost 18 percent plan between 20 and 49 events annually.

A surprising 24 percent of respondents said they would stage more events next year than this year, while 68 percent said the number would remain the same. When asked if their company's spending on corporate special events in 2003 increased, decreased, or stayed constant with last year's levels, 28 percent said it had remained the same. But the majority (32 percent) said it had increased, in most cases by 1 percent to 5 percent.

How will the number of events you stage in 2004 compare with 2003?
More 24%
The Same 68%
Fewer 8%

When asked what their organizations' approximate expenditures on corporate special events will be in 2003 (including catering, AV, staging, entertainment, DMCs, planner's fees, venue costs, etc.), 26 percent came in under $100,000; 22 percent between $101,000 and $250,000; 12 percent between $251,000 and half a million; and 12 percent between half a million and a million dollars.

A total of 1,235 Special Events subscribers categorized as “in-house event planners” participated in the survey, which had a response rate of 14.1 percent.

         Subscribe in NewsGator Online   Subscribe in Bloglines

Want to use this article? Click here for options!
© 2010 Penton Media Inc.


Acceptable Use Policy
blog comments powered by Disqus

Search for Meeting Space

Find Event Suppliers, Request Quotes

Search 75,000 Venues


Advanced Search

The Meeting Planning Blog

Face2Face Latest Posts

Social Media

Meetings Collaborative

Rate your experience with meeting venues and suppliers.

Facility / Hotel

 
Powered by: Meetings Collaborative
Aega Awards

Apex Webinars

Demonstrating Leadership in Turbulent Times

Join MeetingsNet, the Convention Industry Council, and two meeting professionals to learn how seeking out professional development and volunteer opportunities can enhance your career advancement. Click here for free registration.
View it Now! | View APEX Archives

Webinars

Association Day: How to Plan a Winning International Meeting

Join MeetingsNet for two webinars for association professionals taking meetings outside the U.S., featuring expert panelists covering topics from launching your first international meeting to budgeting, sponsorship, and negotiations.
View on Demand | View Archived Webinars

Recent Comments

Powered by Disqus

Back to Top

Explore Our Newsletters

Must-See Meeting Files

Visit the MeetingsNet expert-advice site, where we’ve got top meeting pros on camera answering a variety of your questions as well as a collection of educational—and sometimes offbeat—editors’ pick lists — from the top tech tools to the best books for meeting professionals.

Meeting Planner Survival Guide

Whether you're a novice planner or a veteran, this compilation of must-read articles is your meeting planning resource.

Pharma Meeting Management Forum

Medical Meetings and the Center for Business Intelligence present the Sixth Annual Pharmaceutical Meeting Management Forum in Philadelphia. March 14-16.

Find out more.

Suppliers/
Facilities/CVBs

MeetingsNet makes it easy to find the CVBs, tourist boards, and facilities you need for your next meeting.

Deal Finder

Special offers brought to you by MeetingsNet.

Find A Job

Targeted to all aspects of the hospitality and special events industry.

Education
Central

Upcoming Events, Live and Online

Inside Current Issue

Medical Meetings

March 2010 MM

March 2010 CMI cover

March 2010 CMI

February 2010

March 2010 FIM

AM February 2010

February 2010 AM

February 2010 CMI Cover

February 2010 CMI

Browse Back Issues