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Cancelled and
Open Date Listings |
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Insights |
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Public Relations or Reformation?
Nov 29, 2001, 10:06 a.m. ET, 9/11
Rumor has it that industry associations are considering a public relations campaign to promote the value of face-to-face meetings, hoping to counter...
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Industry Update |
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MPI Tri State Educational Conference Scheduled for March
Dec 26, 2001, 09:25 a.m. ET, 9/11
Industry Raised $20,000+ in December Fundraiser
Dec 26, 2001, 09:12 a.m. ET, 9/11
Where Can Companies Find Cash Fast? Ask the CFO
Nov 30, 2001, 03:45 p.m. ET, 9/11
Save this Date—Help Heal Hearts
Nov 14, 2001, 06:03 p.m. ET, 9/11
IACC Creates Fund for Displaced Workers
Nov 6, 2001, 06:13 p.m. ET, 9/11
New York Event Firm Shows Pride With Floral Flag
Oct 26, 2001, 06:20 p.m. ET, 9/11
GBS Linens Lays Out Dual Donation Program
Oct 26, 2001, 06:19 p.m. ET, 9/11
Free Speaking Engagements to Aid Red Cross Efforts
Oct 18, 2001, 08:34 a.m. ET, 9/11
Security and Risk Conference Added to IAEM Annual Meeting
Oct 16, 2001, 06:00 p.m. ET, 9/11
PRA, Chicago Getting Back to Business with AFP Meeting
Oct 16, 2001, 05:47 p.m. ET, 9/11
New Dates for Associations:digitalNow Conference
Oct 16, 2001, 05:54 p.m. ET, 9/11
McGettigan Planners Show Grace Under Pressure
Oct 15, 2001, 04:04 p.m. ET, 9/11
Windows on the World
Oct 9, 2001, 05:40 p.m. ET, 9/11
Rescue Workers Get First-Class Meals
Oct 9, 2001, 05:49 p.m. ET, 9/11
Event Company Helps Man’s Best Friends
Oct 9, 2001, 05:47 p.m. ET, 9/11
Associations Move Meetings to NYC
Oct 5, 2001, 11:02 a.m. ET, 9/11
New York Event Firm Reaches Out in Wake of Tragedy
Sep 19, 2001, 10:10 a.m. ET, 9/11
NY Restaurant Association Brings Help to the Table
Sep 27, 2001, 09:09 a.m. ET, Staff Report, meetingsnet
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Hotels: The Current Situation and Future Probabilities
9/11, Nov 8 2001
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Mark Lomanno, president of Smith Travel Research, noted at the recent Industry in Crisis: Alternative Strategy Conference sponsored by HSMAI and the New York University Tisch Center for Hospitality, Tourism and Travel Administration that there were certain dynamics in the marketplace before Sept. 11 with demand having begun to decline five months prior. Lomanno also noted that as a result of September 11th, major metro areas are experiencing a greater negative impact, doing four times worse than all other markets.
Bjorn Hanson, global partner, hospitality and leisure, PricewaterhouseCoopers, added: "The year 2000 ended with 84 percent occupancy, a 50-year high. In comparison, the year 2001 will finish at 70 percent occupancy." Hanson is predicting at least 10 outright hotel failures and noted that New York City lost 1,380 rooms or two percent of its total supply.
However, he added, the outlook is not as bleak as it sounds because in 1990 the hotel industry lost $5.7 billion, but in 2001, the industry, as a whole, will make $20 billion, primarily because operating expenses have been cut and interest expense is down. There are also fewer employees in a larger industry because of the addition of technology," he added.
Peter Yesawich, president and CEO of Yesawich, Pepperdine & Brown, reported the findings of a just-completed study of consumer travel plans by his company. Yesawich said, "It is difficult to look into the future with any certainty....The climate is now right to turn to the market with promotions and advertising to generate travel...It is important to take into consideration the sensitivities that people feel."
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Contact Us |
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Sue Pelletier,
Web Editor and Executive Editor,
MM and AM,
spelletier@primediabusiness.com
(978) 448-0377
Betsy Bair,
Editorial Director,
The Meetings Group,
bbair@primediabusiness.com
(978) 448-0582
Barbara Scofidio,
Editor, CMI,
bscofidio@primediabusiness.com
(978) 448-8211
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Editor, TM,
shatch@primediabusiness.com
(978) 768-7720
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Editor, Special Events,
lhurley@primediabusiness.com
(310) 317-4522,
(800) 543-4116, ext. 261
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