AIPC 2007 Industry Outlook Survey
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AIPC 2007 Industry Outlook Survey. Presentation to AIPC Annual Conference Graz 2007. Purpose of the Survey:. Take the pulse of the industry Identify any common issues Identify areas where further surveys might be useful Compare with other industry members / partners
AIPC 2007 Industry Outlook Survey
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Presentation Transcript
AIPC 2007 Industry Outlook Survey Presentation to AIPC Annual Conference Graz 2007
Purpose of the Survey: • Take the pulse of the industry • Identify any common issues • Identify areas where further surveys might be useful • Compare with other industry members / partners • Establish a baseline for future surveys (trend analysis)
Has your business increased or decreased over the past year ?
Reasons for Greater Confidence: • Improved economy • More bookings • Increased attendance • More short term business
Reasons for Less Confidence: • Not sure they can meet same level of performance as 2007 • Political / management / logistical issues
Other Business Categories: • Banqueting business • Government meetings
Additional Challenges: • Skills shortages • Impacts of emerging markets • Need for certification • Political changes
Other Revenue Opportunities: • Packaging • Re-thinking government subsidies • Attaching hotels • Event partnerships
Demand Side Survey Results: • Increasing demand (number / size of events, attendance, spending) • Growing concern re: costs (i.e., hotels) • Cost, access, security remain big decision factors
In Summary: • Business is good; confidence high • Driven largely by external factors (i.e., the economy) • Primary driving forces are traditional business / revenue areas • Response to challenges is “more of the same”: S&M, service, facility enhancements • Little interest in new revenue sources and/or new product development
This Means….. • Owner expectations will increase • Success will attract new investment • Competition will continue to increase • Client negotiations will get tougher (supply, third party issues) • Revenues will come under pressure • Internal issues will increase (i.e., cost control, labour supply) • Partner challenges (i.e., hotels rates and availability) will emerge
Planning Ahead: A good time to look at: • Market diversification • New revenue sources • New ways to manage external / partner relationships • Developing community support • Documenting benefits (i.e., economic) • Investing in education, succession, certification
AIPC 2007 Industry Outlook Survey Presentation to AIPC Annual Conference Graz 2007