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Meeting and Event Budgets in Lean Economic Times
September 7th, 2010 by admin

Many believe that the economic meltdown of the late 2000s will forever change business, or at least make businesses more frugal during our lifetime. This is likely to be true for many industries, but some industries such as the travel industry rely heavily on the free-spending big budgets of other companies and organizations. This could be good news for meeting and event planners. Here’s why:

  • With the travel industry being more hard hit than most other industries, it is possible to get some truly amazing deals by leveraging that fact. Some deals are even unreasonably good as businesses are willing to take a small loss over a big loss to keep the doors open another season and see what happens. Take advantage while you can.
  • Customer service and choices have both gotten a little bit better, but only so long as they are a known demand. The travel industry has had to let a lot of talent go, and that means that customer service is stretched thin. Some accept this along with budget prices, but that does not have to be the case. Let the management know that you expect quality service at any price and chances are good that you will get it and more.
  • Some of that talent may also make for excellent meeting and/or event planners. Especially the venerable hotel or cruise line concierge. These people know how to plan meetings/events, leverage industry knowledge, and may even have contacts that will prove valuable.
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