MPI’s 2007 Futurewatch survey

There's no question that strategic meeting management is no longer just the purview of a handful of Fortune 500 companies with large, centralized meeting departments. In Meeting Professionals International's 2007 FutureWatch survey, presented at its Professional Education Conference in New Orleans in January, more than half of respondents reported that they have a program in place to calculate total meeting spend. Of those who do not, half said they plan to put one in place in 2007.

The other business practice that has gone from cutting-edge to commonplace is the convergence of meeting departments and procurement practices: 64 percent of FutureWatch survey respondents said their purchasing departments are involved in hotel decisions to some extent, and 27 percent expect them to become even more involved in 2007. The good news is that the frustration that many meeting planners initially felt in dealing with procurement seems to have lessened. In fact, only 15 percent of respondents now view procurement as an obstacle, and 23 percent expect them to continue to become more knowledgeable about meetings and more helpful in the future.

MPI's fifth annual survey, conducted in partnership with American Express, received responses from 1,443 meeting professionals, including 441 “client-side planners,” 180 meeting management intermediaries, and 814 meeting suppliers. Here are some other results:

  • 44 percent of respondents say their company has a preferred vendor program. (Thirty percent were not sure if they had one.)

  • About two out of three planners (60 percent) with a preferred vendor program view it as successful, rating it a four or five on a scale of five.

  • Corporate planners expect the number of meetings they hold to grow by 7 percent in 2007 and their spend per meeting to grow by 4 percent.

  • 73 percent of respondents expect hotel rates to rise in 2007.

  • 71 percent of corporate planners organize meetings for offices in more than one country, and the globalization of the industry will continue to increase at a rapid pace, with a third of participants expecting their organization to be doing business in another country by the end of the year.

  • Of meetings that are outsourced, 69 percent are done so only on the logistics side; only 16 percent of respondents outsource the entire meeting planning function.

  • Planner respondents say meeting logistics technologies are the top tools they will be looking for in 2007. However, 30 percent of respondents believe adequate tools do not exist, and another 23 percent consider existing tools to be too expensive or inaccessible.

  • The next most sought-after technology in 2007 will be attendee feedback tools, an area where only half of the respondents consider the tools to be affordable and available.

         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

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

Apex Webinars

Creating Green-Meetings Standards

An industrywide effort to produce achievable, voluntary standards for greener meetings and events is under way. The Accepted Practices Exchange (APEX), an initiative of the Convention Industry Council, is working with the Environmental Protection Agency and ASTM International Standards to create baseline guidelines that both meeting managers and the hospitality community can embrace. Join us for a free webinar.


View it Now! | View APEX Archives

CVB Supplement 2008

The Changing Face of CVBs

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

·Go to Digital Edition

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.

Pharma Meeting Management 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

November cover

November 2008

October cover

Oct 2008

Sept cover

Sept 2008

August cover

August 2008

July cover

July 2008

Browse Back Issues