2011 MIT Market Report

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  • 8/6/2019 2011 MIT Market Report

    1/7MeeingsCanada.com 41

    This year marks our 15th annual benchmark-

    ing Market Report study or the Canadian

    meetings and incentive travel industry, the

    most comprehensive annual survey taking

    the pulse o this countrys planners. This years

    results aggregate the data rom the corporate, third

    party and not-or-prot/association categories.

    And throughout, weve agged nine noteworthy

    industry trends (numbered or easy reerence).

    The good news is that a large percentage o

    respondents expect the number o meetings and

    events they plan in Canada this year to increase, with

    a smaller percentage also expecting increased meet-

    ings activity internationally and in the U.S.

    Indeed, almost one-third o planners surveyed (28

    per cent) expect to plan more Canadian events in

    2011. Only 6 per cent predict they will plan ewer

    events north o the 49th Parallel in 2011, while 60 per

    cent indicate that the number o Canadian meetings

    they expect to plan this year will stay the same.

    For U.S. meetings, 11 per cent orecast an increase;

    10 per cent, a decrease; 37 per cent expect no change.

    Internationally, the numbers echo the U.S. gures,

    with 9 per cent o those surveyed expecting to plan

    more, 7 per cent expecting to plan ewer and 36 per

    cent expecting the number to remain at.

    Not surprisingly, planners are sticking close to

    home, with 91 per cent expecting to hold their 2011

    meetings in Canada, 24 per cent targeting the U.S.and 17 per cent venturing outside North America.

    In addition, respondents are orecasting a total,

    average, per-planner spend o $886,000 in the com-

    ing year, a 6-per-cent increase over their reported

    actual 2010 annual spend o $837,000.

    Associations and government continue to lead the

    growth in spend. According to our survey, associa-

    tion/not-or-prot planners predict a 16-per-cent

    increase in average total spend in 2011 (vs. their actual

    2010 spend), with third-party planners predicting

    7-per-cent growth in spend over their 2010 actuals.

    Another trend: Planners are using technology or

    their attendee marketing. In 2010, 36 per cent used

    social media, up rom 24 per cent in 2009. And the

    numbers demonstate that its the more-experienced

    planners who are using these tools.

    To wit: Last year, among planners with 21-plus years

    o experience, 42 per cent employed social media,

    while 41 per cent o respondents with 16-to-20-years-

    experience use it. As or other orms o attendee mar-

    keting, 83 per cent o respondents use e-mail, 75 per

    cent use websites/microsites and 12 per cent use

    blogs/online orums. Technology is here to stay!

    Planners continue to embrace green meetings, as

    45 per cent o those surveyed said theyd either

    planned (or tried to plan) a green meeting or event,

    or bought carbon ofsets or a meeting/conerence.

    Among that group, 61 per cent reported that green

    conerences/events cost more than regular ones.

    Translation: eco-riendly isnt wallet-riendly and whos willing to pay the tab?

    writen bydon douloff

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    VIRTUAL SERVICES

    & TRADESHOWS

    60%

    WEBCASTS

    17%

    -4%-5%FACE-TO-FACE

    INTERNAL MEETINGSFACE-TO-FACE

    ~ 2010 vs. 2011F ~Percentage Decrease Percentage Increase

    ~ 2009 vs. 2010 ~

    BLOGS &

    ONLINE

    FORUMS

    -25%E-MAIL

    10%

    WEBSITES &

    MICROSITES

    50%

    SOCIAL

    MEDIA

    SOCIAL

    MEDIA

    -5%Percentage Decrease Percentage Increase

    MeeingsCanada.com42 Source: Meetings & Incentive Travel2011 Market Report

    A shift in marketing methods.

    The changing face of meetings.

    attendeemki

    meeting

    Social Media is the leadingway to market to attendees

    More planners areusing technologyto their advantage.

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    9%36%

    INTERNATIONALINTERNATIONAL

    11%37%

    UNITED STATESUNITED STATES

    28%60%

    CANADACANADA

    MeeingsCanada.com 43Source: Meetings & Incentive Travel2011 Market Report

    aboutthe surveyrespondents

    321planners compleed

    his survey

    82%wereemale

    Theiraverageage was 45

    They averaged

    11.6years o experience

    39% 36% 25%

    planners compleedhis survey in

    dcmb

    corporae 3rd parynp+assoc.

    We asked planners if the number of meetings they expectto plan in 2011 will increase or stay the same.

    Of the 91% of planners expecting to hold their 2011 meetings

    in Canada, their preferred provincial destinations are:

    Expect to plan more

    Canadian meetings!

    numberofmi

    homesweetm

    stay thesaMe

    eXpeCt toInCrease

    78%

    Ontario

    39%

    Quebec

    38%

    BritishColumbia

    27%

    Alberta

  • 8/6/2019 2011 MIT Market Report

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    2011 Forecast201020092008

    $993k

    $869k

    $837k

    $886k

    MeeingsCanada.com4 Source: Meetings & Incentive Travel2011 Market Report

    average

    meeting

    averagem

    Largest Meeting:

    Average numberof attendees

    558

    Hotel Rooms Booked:

    2010 Average772

    Say so long toshrinking budgets!

    Thats theequivalent

    of one hotelroom beingbooked for

    over 2 yearsstraight!

  • 8/6/2019 2011 MIT Market Report

    5/7

    55%

    16%

    34%

    28%

    35%

    27%

    33%

    36%

    30

    %

    18%

    17%

    10%CASH

    GIFTCERTIFICAT

    ES

    ORG.MERCHANDISE

    YEAR-ENDCASHBONUS

    MeeingsCanada.com 45Source: Meetings & Incentive Travel2011 Market Report

    O heplanners surveyed...

    61%agree green meeings

    cos more

    45%plannedor riedo plan

    Gn in2009 vs. 2010

    43%no longer believe greenmeeings are sandard

    -32%recordedcarbonooprin

    Boughgreenpower

    -19%

    +44%had a 3rd pary veriy

    heir green meeing

    reward

    Year

    2008

    2009

    2010

    Which of the following were used to rewardand recognize employees?

    greenMeetIngs

    Cash is back!

  • 8/6/2019 2011 MIT Market Report

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    New Options.5 or 500 we welcome groups of any size

    www.navcentre.caCornwall, Ontario | One hour from Ottawa

    1-877-832-6416

    New Look.

    MeeingsCanada.com6

    returnonim

    How do you measure the success of an event?

    1

    Attendance

    Numbers

    74%

    Attendee

    Survey

    74%

    Revenue/

    Budget

    58%

    Impact on

    Sales

    25%

    in

    plannersdo notmeasure

    R.O.I.

  • 8/6/2019 2011 MIT Market Report

    7/7MeeingsCanada.com 47

    CANADA

    35%

    USA

    46%

    CA

    RIBBEAN

    51%

    M

    EXICO

    27%

    SOUTH

    AMERICA

    14%

    AS

    IA

    5%

    CRUISE

    21% EUROPE

    24%

    AUSTRALIA

    4%SO

    UTH

    AFRICA

    5%

    incentive

    To comment on the 2011

    Market Report snap here (see

    page 9 for instructions) or visit

    meetingscanada.com and search

    for 2011 Market Report

    Where do you plan to take your incentive travel in 2011?

    InCentIve

    travel trends2009 vs. 2011 Forecast

    +$184,500Toal spend

    per organizaion

    +4

    ripsper

    org.

    Average SpendPer Person= same amoun

    +13more people geo atend incenive

    ravel rips

    What doesthis mean?

    I means companies are

    back o heir pre-recession

    ways o spending on in-

    cenive ravel. AIG efec

    be damned! Companies are

    now aking more people

    (and spending more o do

    so!) and he qualiy o rip

    is equivalen o ha beore

    he recession!

    Sun

    destinationsstill reignsupreme!