Loading...
HomeMy WebLinkAbout13. Meeting Planner Survey, Knowland with Conference Direct, December 2020The State of the Meeting Industry | 2020 Planner Survey In Partnership with 2 The State of the Meeting Industry2020 Planner Survey In Partnership with Employees get ideas and inspiration from each other. The inability to meet, collaborate and ideate as a group has substantially impacted businesses during 2020. Getting back to the business of business is at the heart of the meeting and events industry. With the reality of a vaccine in distribution and new gathering norms in place, the future of the meeting industry includes the return to in-person meetings in 2021. Meetings may not look the same, but the value of face-to-face connections will not be overlooked. Together Knowland and ConferenceDirect collaborated on a survey designed to help industry professionals understand the planner and event manager perspective on recovery. The results reflect the state of planner considerations and expectations as the industry is poised to turn the corner with the end of 2020.* *450 ConferenceDirect meeting planners were surveyed from November 10 – December 4, 2020. Introduction 3 The State of the Meeting Industry2020 Planner Survey In Partnership with Q1 Have you started to rebook meetings? Bolstered by news of a vaccine and venue adoption of safety protocols, 75% of planners are rebooking meetings today. 75.8% 13.7% 10.5% Yes No Under Consideration 4 The State of the Meeting Industry2020 Planner Survey In Partnership with 58.9%22.1% 7.4% 5.3%6.3% Not comfortable with travel Not comfortable with meeting venues Reduced meeting and event budgets Virtual or online meetings are adequate for now No business demand for meetings Q2 From your client perspective, rank these obstacles for returning to in-person meetings. Demand is not the issue preventing the return; companies aren’t comfortable with travel yet. #1 Obstacle to In-person Meetings 5 The State of the Meeting Industry2020 Planner Survey In Partnership with Q3 For the 12 months after COVID-19 restrictions have passed, do you expect to book more or less in-person meetings compared to pre-COVID volume? Despite projections of pent-up demand for travel, respondents are wary of a return to pre-COVID in-person meetings in the new normal. 11.6% 49.5% 21.1% 17.9% More Less Equal Amount Don't Know Yet 6 The State of the Meeting Industry2020 Planner Survey In Partnership with Q4 What type of meetings are your clients requesting you research/book at this time? (check all that apply) Smaller meetings are the mood of the day; standalone and hybrid events seem to dominate. 7 The State of the Meeting Industry2020 Planner Survey In Partnership with Q5 What level of impact has COVID meeting restrictions had on your clients in the following areas: While inability to meet is affecting all aspects of business, for 66.3% of respon- dents it’s having a significant to very negative impact on financial growth. Very Negative and Significantly Negative Impact 40.0% 47.4% 50.5% 45.3% 54.7% 66.3% 0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0% Engaging with existing customers Acquiring new customers and increasing sales Expanding geographic markets Motivating employees General health of the business Financial growth Very Negative and Significantly Negative 8 The State of the Meeting Industry2020 Planner Survey In Partnership with Planners put their clients first, balancing the importance of safety and flexible contracts as the most important influences on restarting meetings. Q6 How important is each of these factors for in-person meetings to return? Extremely Important Factors 65.3% 49.5% 60.0% 46.3% 29.5% 0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0% COVID vaccine Lift of meeting restrictions Flexible low risk hotel contracts Business confidence in venue safety Real-time rapid testing availability Extremely Important Factors 9 The State of the Meeting Industry2020 Planner Survey In Partnership with Q7 How important is it for venues to do the following in order to encourage the return to in-person meetings? Seeing “how the sausage is made” is important when it comes to safety protocols; let guests see how cleaning and sanitization is done. Extremely Important Factors 10 The State of the Meeting Industry2020 Planner Survey In Partnership with Q8 How confident are you about the return of in-person meetings in each time period below? Confidence begins to build for second half of 2021. Extremely and Very Confident about In-Person Meetings 35.9% 35.9% 24.8% 3.4% 0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0% 2nd Half of 2022 1st Half of 2022 2nd half of 2021 1st Half of 2021 Extremely and Very Confident 11 The State of the Meeting Industry2020 Planner Survey In Partnership with Q9 How do you expect your average number of attendees per event to change post-COVID? As smaller meetings dominate, events will have 20-40% fewer attendees. 3.0% 13.6% 34.8% 33.3% 13.6% 1.5% 0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0% Up to 10% fewer attendees 11 - 20% fewer attendees 21 - 30% fewer attendees 31 - 40% fewer attendees 41 - 50% fewer attendees More than 50% fewer attendees 12 The State of the Meeting Industry2020 Planner Survey In Partnership with Q10 In your opinion, when will the meetings industry return to its pre-COVID number of events per year? Q11 In your opinion, when will the meetings industry return to its pre-COVID number of attendees per event? 45% of planners believe meetings will return to pre-COVID levels in 2023. 27.7% 45.8% 26.5% 0.0% 0.0%10.0%20.0%30.0%40.0%50.0% > 2024 2023 2022 2021 Attendees 16.3% 45.0% 37.5% 1.3% 0.0%10.0%20.0%30.0%40.0%50.0% > 2024 2023 2022 2021 EventsNumber of Events Return to Pre-COVID Number of Attendees Return to Pre-COVID The State of the Meeting Industry2020 Planner Survey In Partnership with Good news: 75% of planners are rebooking meetings. Q1 Have you started to rebook meetings? knowland.com