Trendspotting for 2008: MPI’s FutureWatch Survey

 

Are changes to meeting budgets creating havoc for you? If so, you’re not alone. “Changing budgets” is the No. 1 in-house trend for all categories of respondents to FutureWatch, the recently released annual membership survey from Meeting Professionals International. The study parsed responses from 1,643 meeting professionals by job—corporate planners, association planners, independent planners, and suppliers—and found that budget changes rank first in every group.

Workloads are the second-ranked in-house issue for corporate and independent planners, while shifting organizational goals and strategies ranks No. 2 for suppliers and association planners.

MPI also asked its membership about the external issues they’ll face in 2008. In an about-face from 2007, when the effect of terrorism and war on travel was respondents’ biggest issue, the economy is now top of mind. Looking at the respondents as one group, the top three external trends are, in order, “economic downturn and recession,” “cost of oil and gas,” and “inflation/rising costs.” The effect of terrorism and war on travel now ranks 10th.

This year, two new trends that did not make MPI’s list in 2007 held the fourth and fifth spots: “increased access to online information” and “environmental concerns.”

Breaking down these external trends by job reveals some interesting differences among MPI’s constituencies. For both corporate planners and independents, technology advances outranked economic issues as the No. 1 trend; association planners rank technology advances and increased access to information online as No. 2 and No. 3, respectively. Suppliers, which made up 44 percent of the respondents, were most uniformlyconcerned about the economy.

The far-reaching FutureWatch report also delves into meeting budgets for 2007 and 2008; use of various meeting technologies, such as RFP systems and meeting logistics tools; the use and management of webcasts; the involvement of the procurement department in meeting purchasing; preferred-customer loyalty strategies, and much more.

Click here to download the full report.


Commenting terms of use blog comments powered by Disqus

         Subscribe in NewsGator Online   Subscribe in Bloglines

Want to use this article? Click here for options!
© 2008 Penton Media Inc.

Meetings Collaborative

Rate your experience with meeting venues and suppliers.

Facility / Hotel

 
Powered by: Meetings Collaborative

The Meeting Planning Blog

Face2Face Latest Posts

Apex Webinars

Meet Powershop: The Next Generation of APEX Tools

Curious about the breakthrough application that allows meeting planners and suppliers to send event specs back and forth in a standardized format? Join the leaders of APEX, an initiative of the Convention Industry Council, in a must-attend webinar introducing Powershop.


View It Now| View APEX Archives

Webinars

What Meeting Planners Need to Know to Manage E-Meetings

Virtual meetings save time and money, get a thumbs-up from the “green” crowd, and offer new ways for companies and organizations to communicate, market, and sell. It’s time for meeting managers to start booking and managing them.
View it Now | View Archived Webinars

CVB Supplement 2008

The Changing Face of CVBs

Featuring:
*Changing Face of CVB's
*CVB's Go Green

·Go to Digital Edition

Recent Comments

Powered by Disqus

Back to Top

Explore Our Newsletters

On Corporate Meetings & Incentives

Meeting Planner Survival Guide

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

Pharmaceutical Meeting Planner Forums

Pharmaceutical Meeting Management Forums-Medical Meetings and the Center for Business Intelligence present two conferences, West Coast, Dec. 8-9, in San Diego, and East Coast, March 29-31, in Baltimore.

Suppliers/
Facilities/CVBs

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

Deals &
Discounts

Special group hotel 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

October cover

Oct 2008

Sept cover

Sept 2008

August cover

August 2008

July cover

July 2008

June cover

June 2008

Browse Back Issues