Boom for Meeting e-RFPs

 

When Susan Owens, manager, Travel and Meeting Services, Boehringer Ingelheim Pharmaceuticals Inc., Ridgefield, Conn., sent her electronic request for proposal to the Sheraton New York Hotel and Towers recently, you can imagine a bit of confetti popping out of the computers at Star-Cite. The Philadelphia-based company has a platform of online products and services (including e-RFPs) that help to manage the meeting planning process and control meeting spend. Owen's RFP was the millionth to go through the StarCite system.

It was not only the number that gave the dot-com something to celebrate, but it was also the pace at which it got there. In 2004, after six years in business, StarCite marked its 500,000th e-RFP. Just 18 months later, that figure has doubled. The company is reporting 150,000 RFPs through the system in the first quarter of 2006, or more than 16,000 unique meetings. (On average, clients send out nine e-RFPs per meeting, according to company president and CEO Michael Boult.)

StarCite is not alone in documenting the acceleration of the meeting industry's business-to-business online marketplace. Ed Tromczynski, president of the supplier division at Santa Clara, Calif. — based OnVantage, another player with online tools for strategic meeting management, reports more than 50 percent growth in the number of unique meetings sourced with an OnVantage e-RFP in 2005 compared to 2004. OnVantage clients sent out e-RFPs for 50,000 unique meetings in 2005, versus about 32,000 in 2004.


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

Digital Edition on MeetingsNet

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

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 Medical Meetings

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

Sept 2008

September 2008

July 2008 cover

July 2008

June 2008 Cover

June 2008

April 2008 Medcial Meetings

March 2007

MTNGS Cover

January 2008

Browse Back Issues