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STRATEGY GUIDE:
HOW HOTELS CAN BOOK
MORE MEETINGS &
EVENTS IN 2019
Presented by
+
INSIGHTS DECK
SKIFT + CVENT REPORT 2STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
TABLE OF CONTENTS
Introduction
How to Use This Strategy Guide
Executive Letter
Who You’ll Hear From in the Industry
Strategy One: Sell the Experience, Not the Space
Strategy Two: Make Communication Seamless for Planners
Strategy Three: Understand and Accommodate Planner Budgets
Conclusion
Additional Reading
Sources
ABOUT SKIFT
Skift is the largest industry intelligence
platform, providing media, insights, and
marketing to key sectors of travel.
SkiftX is Skift’s in-house content marketing
studio, working collaboratively with partners
on integrated projects including webinars,
video, research, and live events.
Visit skiftx.com to learn more or
email skiftx@skift.com.
ABOUT CVENT
Cvent is the global meeting and event
management technology leader, with tens of
thousands of customers worldwide.
Cvent Hospitality Cloud provides digital
marketing tools and software solutions to
its hotel and destination partners to help
them grow their group and corporate travel
business. For more information regarding the
Cvent Hospitality Cloud, visit https://www.
cvent.com/en/hospitality-cloud.
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SKIFT + CVENT REPORT 3STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
INTRODUCTION
It’s a challenging time for the meetings and events business, as
expectations among all stakeholders are on the rise.
For hotels, securing meetings and events remains an important
revenue driver. Yet it’s no longer enough to simply meet
capacity requirements or provide a suitable location. To get the
attention of today’s planners, suppliers must understand their
customers’ thinking, provide unique meeting experiences, and
communicate effectively and quickly.
For meeting planners, challenges include finding venues that
can take meetings to the next level while staying within budget.
To better understand the current landscape, we interviewed 10
industry insiders — including meeting planners, events experts,
and hotel executives — and compiled key insights from research
across the industry.
SKIFT + CVENT REPORT 4STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
HOW TO USE THIS
STRATEGY GUIDE
For hoteliers, we offer creative solutions to the big challenges
in winning meetings and events business.
We cover topics including making the most of your existing
spaces, ways to incorporate virtual reality and augmented
reality, and strategies for winning new business from planners.
We also consider how to improve relationships with existing
partners, how to lock in repeat group customers, and specific
ideas for making events more interesting, memorable, and
creative, drawn from experts in the industry.
At the end, we’ve added a list of links to further reading and
resources to dig deeper into some of the ideas presented.
SKIFT + CVENT REPORT 5STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
EXECUTIVE LETTER
The meetings and events industry is not immune to today’s most popular consumer trends,
including mobile technology, social media, and more personalized experiences. Hotels and
destinations not only need to get on board, they also must figure out how to differentiate
themselves in order to capitalize on the rapidly expanding benefits of group business.
As an industry leader that provides a wide range of marketing and software solutions for both
venues and planners, Cvent is uniquely positioned to track the trends and help hotels navigate
the ever-evolving landscape of meetings and events. Our Hospitality Cloud sees the amazing
opportunity created for hotels and destinations as demand for meeting space increases. We
know event planner customers and what they want. We aggregate 92,000 planners on the
Cvent Supplier Network, a world-leading database of over 260,000 venues, and see $16 billion
of business sourced through our Hospitality Cloud.
Most importantly, we offer the tools hotels need to set themselves apart, attract new leads
and customers, and maximize profits from those customers. And — even better — we continue
to evolve our offerings and find new ways to help hotels achieve group business success. To
that end, we worked with Skift to create this Strategy Guide, which uncovers the latest trends
in the event planner universe and makes this valuable information actionable for you.
Let Cvent be your partner, and let us share our perspective on the flourishing meetings and
events market. Together, we can propel your business into 2019 and beyond.
Bharet Malhotra,
senior vice president of Cvent Hospitality Cloud
Bharet Malhotra, senior vice president of
Cvent Hospitality Cloud
SKIFT + CVENT REPORT 6STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
Brett Bovio, regional manager,
MindTrek VR
Yoni Koenig, co-founder and
chairman, Exit Reality
Aaron Feeney, area director of
sales and marketing,
Viceroy Hotel Group
Frank Passanante, senior vice
president, Hilton Worldwide
Sales - Americas
Andre Fournier, executive vice
president, sales & marketing,
Two Roads Hospitality
Suzanne Halperin, vice president,
catering & brand operations,
Kimpton Hotels & Restaurants
Michael Dominguez, senior vice
president and chief sales officer,
MGM Resorts
Beth Surmont,
director, experience design,
360 Live Media
Mariska Kesteloo, founder,
World of MICE
Sarah Shewey,
CEO and founder, Happily
WHO YOU’LL HEAR FROM IN THE INDUSTRY
SKIFT + CVENT REPORT 7STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
Any hotel can offer well-designed guest rooms and a comfortable
meeting space.
What gets a meeting planner to walk through a hotel’s doors,
and to actually book their business, is the experience offered by
the property.
Properties that provide experiential environments that take
meetings to the next level will impress attendees and make
planners look like rock stars.
Let’s explore some examples.
“With more event choices than ever, the attendee experience
has become an important differentiator and a key driver in
achieving the meeting or event objectives.
Issa Jouaneh, senior vice president & general manager,
American Express Meetings & Events.
SELL THE
EXPERIENCE,
NOT THE SPACE
01STRATEGY
SKIFT + CVENT REPORT 8STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
MORE THAN 90 PERCENT OF PLANNERS
THINK IT’S CRITICAL OR VERY IMPORTANT
TO INTEGRATE EXPERIENCES
Source: Skift’s 2017 survey of meeting planners subscribed to Skift’s Meetings
Innovation Report newsletter
2.6%
Not Important7.3%
Somewhat Important
45.3%
Very Important
44.8%
Critical
“Customers tell us it’s all about
the experience.
People collaborate, learn, and
interact differently so they’re not
looking for the ordinary, they’re
looking for inspiration.
Frank Passanante, senior vice president,
Hilton Worldwide Sales - Americas
How important is it to integrate “experiences” into the
meetings you arrange?
SKIFT + CVENT REPORT 9STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
OFFER ACCESS TO DIFFERENT
LOCATIONS ON PROPERTY
There is a rising preference, particularly among millennial meeting
planners, for independent, quirky, unique venues. That doesn’t mean hotels
need to overhaul ballrooms or add features that are expensive to create. In
many cases, it’s just about rethinking the space.
“Presidential suites or even the
lobby can be great. Someone in a
hotel for several days won’t want
to be just in one wing.
Sarah Shewey, CEO and founder, Happily
What would you do if your funding
increased by 10 percent?
Source: AMEX 2019 Global Meetings and Events Forecast
# 1 response from
meeting planners: Improve
the on-site experience
SKIFT + CVENT REPORT 10STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
One way for hotels to do that is to offer more out-of-the-box options.
“We want to have lunch by the pool, breakouts on a lawn, and wine by a fire pit. That’s an exciting ‘daycation’ with your peers — not
a forced meeting with your bosses. When you remove a stage or a table, everyone is on the same physical level, which encourages
participation,” said Sarah Shewey, CEO and founder of Happily, a network of meeting planners.
Hotels with limited outdoor space can consider turning an indoor meeting room into a game room, music room, or media room.
Depending on size, meeting groups may also be interested in booking spa environments to integrate wellness into their event.
Think about how guests want to interact with the environment and with each other — then build in opportunities for meeting
attendees to interact with your spaces in the same ways.
USE YOUR EXISTING ENVIRONMENT
SKIFT + CVENT REPORT 11STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
OFFER UNCONVENTIONAL ACTIVITIES:
SPOTLIGHT ON KIMPTON HOTELS & RESTAURANTS
Kimpton Hotels & Restaurants has a director of music who will help planners create a custom playlist to spice
up their welcome events. The playlist can represent the company brand and meeting theme — or simply
consist of meeting attendees’ favorite songs. “Meeting planners can even go outside the box and organize
a welcome jam session with local songwriters and musicians, letting groups compose their own original
material,” according to Kimpton.
Food and beverage can also be a key source of inspiration. At the Kimpton Hotel Vintage, in Portland, Oregon,
groups can try a custom wine blending experience and learn about varietals from the hotel’s resident wine
expert, with each attendee receiving a custom labeled bottle at the end of the event.
SKIFT + CVENT REPORT 12STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
BAKE IN EXPERIENTIAL ENVIRONMENTS:
SPOTLIGHT ON OMNI HOTELS & RESORTS
Omni Hotels & Resorts has prioritized offering experiential
options for both meeting planners and hotel guests.
For example, the recently opened 612-room Omni
Louisville Hotel features a unique speakeasy — complete
with a bowling alley with a vintage design. The company
has also built hotels attached to the stadiums of both the
Dallas Cowboys and Atlanta Braves, giving guests close
proximity to major live events.
“Everybody is into experiences today,” Omni’s Peter Strebel,
chief marketing officer and senior vice president of sales,
told Skift in a 2016 interview. “When you look at Facebook,
no one writes, ‘I bought a new car,’ but they post their
experiences, whether it be eating, drinking, dining, or
cultural activities. So instead of throwing a complimentary
cocktail reception [into a meeting], maybe we’ll throw in a
local experience. We’re really in the experience business.”
SKIFT + CVENT REPORT 13STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
REWARD ATTENDEES WITH EXCLUSIVE
EXPERIENCES: SPOTLIGHT ON
SINGAPORE TOURISM BOARD
In some cases, hotels don’t always have to do the heavy lifting, and it’s possible to partner with a destination marketing organization
to source engaging activities. For example, the In Singapore Incentives & Rewards (INSPIRE) program assists hotels by developing
off-property programming for guests. Through this offering, small corporate meetings and incentive programs from all over the world
can use experiential rewards from a dozen activities, according to a Cvent blog post.
Among the offerings are six tours focused on the destination’s many interesting facets, everything from urban planning and
infrastructure to its up-and-coming mixologists, who host cocktail experiences in historic venues. These packages are not available for
sale commercially, creating a sense of exclusivity.
“We owe it to ourselves to always push the envelope because we’re all in an industry that thrives on experiences,” according to the
blog post. “Our expertise gets truly maximized when meetings get optimized. Part of that optimization is the experience that our
attendees have.”
SKIFT + CVENT REPORT 14STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
USE VIRTUAL REALITY TO
ENGAGE ATTENDEES
Hotels and destinations are already using virtual reality to
showcase their space to meeting planners, but this technology can
also be leveraged to elevate the meeting attendee experience.
Groups can work together to battle zombies or play other games
at MindTrek VR, a virtual reality gaming arena, which has two
venues in Massachusetts.
“You get to see what Karen from accounting is really like. She
may be quiet and reserved in the office, but once an adult size
zombie is charging at her, she’s a warrior.
Brett Bovio, regional manager, MindTrek VR
SKIFT + CVENT REPORT 15STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
“Corporate meetings aren’t usually places for delight, but VR elicits fun, powerful
emotions. When you sit next to a colleague who’s smiling, it’s hard not to smile. That
can be impactful, especially in a competitive company. There can be something lovely
about people sharing these moments together.
Yoni Koenig, co-founder and chairman,
Exit Reality
SKIFT + CVENT REPORT 16STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
VR IS TRANSFORMING HOW PEOPLE TAKE PART
IN EVENTS, EXHIBITS, AND EXPERIENCES
According to global brand experience agency FreemanXP,
virtual reality can offer:
‱	 Demos that let audiences and attendees learn, interact,
manipulate, and engage with products
‱	 Engaging content that transports attendees
‱	 Live streaming to amplify must-see events
‱	 Immersion in interactive worlds
Source: https://www.newgenapps.com
VIRTUAL REALITY
IS PREDICTED TO
HAVE 1 BILLION
USERS BY 2020
SKIFT + CVENT REPORT 17STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
VIRTUAL REALITY ELEVATES
THE EXPERIENCE:
SPOTLIGHT ON
VICEROY HOTEL GROUP
Viceroy Hotel Group provides virtual reality experiences for guests at Hotel
Zetta in San Francisco.
The hotel group also creates private, portable events for groups in
partnership with Exit Reality, a company that offers virtual reality pop-ups
and distributes Oculus headsets during meeting breaks.
“Many event planners see these experiences as game changing, and it
definitely differentiates us from every other hotel in the city,” said Aaron
Feeney, area director of sales and marketing for Viceroy.
SKIFT + CVENT REPORT 18STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
USE AUGMENTED REALITY TO ADD ANOTHER
LAYER TO THE ATTENDEE EXPERIENCE
“For meetings, augmented reality is more
organic and interactive. If you put on VR
goggles, you’ve lost the world around you.
But with AR, you clearly see it. We’re
working with Holo Lens, part of
Microsoft. There are teaching aspects to
the technology that have a lot of
opportunity for meetings. Specific verticals
— such as medical groups — could use Holo
Lens for interactive teaching and show
techniques from experts around the world.
Michael Dominguez, senior vice president
and chief sales officer at MGM Resorts
SKIFT + CVENT REPORT 19STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
IMMERSIVE OPTIONS LIKE WALL MAPPING CAN
TRANSPORT ATTENDEES
Tech elements such as wall mapping, a feature
offered by Kimpton Hotels & Restaurants, are also
being added to some meetings.
The 360-degree wall projection is “an engaging
way to amp up the space,” according to a Kimpton
spokesperson. “It projects scenery, design, and
imagery across the room to create a more
immersive environment.”
SKIFT + CVENT REPORT 20STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
MAKE
COMMUNICATION
SEAMLESS FOR
PLANNERS
Today’s workforce is composed of a broad range of generations.
Each age cohort gathers and processes information differently; this
creates a stew of potential miscommunication. Meeting planners
and suppliers must work together throughout the planning process
to make a program successful.
This means hoteliers need to provide the right information, at the
right time, through the right channels if they hope to stay in the
good graces of planners.
02STRATEGY
SKIFT + CVENT REPORT 21STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
UNDERSTAND AND ADDRESS GEN X AND GEN Y
COMMUNICATION STYLES AND NEEDS
Planners of all ages appreciate the ability to choose how and when they interact with hotels. It’s important for
hotels to offer a variety of ways for planners to do this. If nothing else, hotels need to be clear about what channels
are offered and when. Hotels can lead this conversation, asking planners for their preferred communication
platform from the moment the conversation begins.
Gen Y/millennials Gen X
Vs.
“ “The perception that all millennials just
want to look at a screen and not pick up the
phone is not always true. Like other gener-
ations, they want suppliers who know them
well. They seek trusted relationships and
guard them zealously.
Since more Gen Xers work for
companies and associations — versus
working for themselves — they’re more
likely to need to work within their
management’s requirements and
preferences, particularly for budget,
dates, and destination.
Hospitality consultant David Kliman in Destination
Marketing: The New Wave, a study by Marketing
Challenges International Cvent’s 2018 Planner Sourcing Gen X/Gen Y Report
SKIFT + CVENT REPORT 22STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
“ Each meeting is different, so we have to be good at asking questions and
pulling out that creativity. When we’re willing to understand each other’s
problems, it shifts the whole paradigm of the meeting.
Andre Fournier, executive vice president of sales and marketing,
Two Roads Hospitality
SKIFT + CVENT REPORT 23STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
INTEGRATE TECH
TOOLS FOR PLANNING
The use of mobile devices during the venue sourcing process is
increasing for planners across all generations and in all parts of the
world, according to Cvent's 2018 Global Planner Sourcing Report.
Some brands have embraced mobile. Kimpton’s “text concierge,”
for example, allows meeting planners to text their needs while on-
site, so planners can communicate with the property at any time
during their meeting and the hotel can respond quickly to any
needs. The service is available to guests, too.
Planners like the offering as an add-on to traditional
communications channels like phone and email. “I like that when
I check in, or when I want something, the response is immediate,”
said Beth Surmont, director, experience design, 360 Live Media.
It’s now more imperative than ever for hotels, venues, and
destinations to optimize their mobile presence to better
communicate with planners of all ages.
SKIFT + CVENT REPORT 24STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
TRY NEW FORMATS: SPOTLIGHT ON MARRIOTT’S
CONVENTION & RESORTS NETWORK
In 2018, Marriott wanted to give meeting planners
working with many of the brand’s properties some fresh
concepts. Rather than emailing documents or engaging
in a laborious campaign to reach planners one at a time,
Marriott’s Convention & Resorts Network (CRN) launched a
video series to rapidly share their thinking in an engaging
format, according to a spokeswoman. The first, “60
Smarter,” features short videos designed to share new
ideas for the creative execution of meetings. The second,
“Meetings. Made Here. A Marriott CRN Travel Show,”
features videos of some of the 110 CRN properties and
showcases them with a host who walks through the hotels.
Additionally, in 2019 Marriott will roll out Mastermind,
a digital platform offering support groups consisting of
eight to 10 planners paired with a CRN representative.
Groups will meet monthly to discuss industry issues such
as culinary trends in meetings, how to engage attendees
outside of the meeting room, and providing attendee
networking opportunities. Marriott mentors and subject
matter experts will join each session.
SKIFT + CVENT REPORT 25STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
VR GIVES PLANNERS
NEW WAYS TO SEE A
PROPERTY
Two-dimensional brochures and websites have their place, but
they often only offer static photos and verbiage meant to evoke
the feeling of a hotel’s guest rooms, meeting space, and amenities.
By contrast, VR allows hotel salespeople to make planners feel like
they’re on-site with virtual walk-throughs and meeting room set-
ups, cutting down on the need for costly site visits.
“Virtual reality is becoming more prevalent among suppliers,
especially when they’re trying to show new product or renovated
space to planners,” said Michael Dominguez, senior vice president
and chief sales officer at MGM Resorts. “It allows you to tell your
story in a more comprehensive way.”
This is another way for hotels to provide planners with the
information they need in a way that is easy to visualize.
SKIFT + CVENT REPORT 26STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
HARNESS THE POWER OF PEERS AND
SOCIAL MEDIA COMMUNICATIONS
“Peer recommendations are the number one
influence on sourcing decisions.
Cvent’s 2018 Global Planner Sourcing Report
“It’s about looking at people’s opinions and
their experiences at various hotels. For
hotels, social platforms are an opportunity
to spotlight what they can do for groups. If
meeting planners continue to see creative
ideas we’re showcasing, they’ll come back
to our page and it becomes habitual.
Michael Dominguez, senior vice president and chief
sales officer at MGM Resorts
Top Influences on Sourcing Decision
Peer Recommendations
Search Engines
Online Sourcing Tools
Trade Shows
Hotel Sales Staff
Social Media/Blogs
Review Sites
Magazines
0% 10%5%
17%
15%
Venues’ Corporate Websites
SKIFT + CVENT REPORT 27STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
UNDERSTAND AND
ACCOMMODATE
PLANNER BUDGETS
As much as meeting planners want to provide mouthwatering food,
dazzling entertainment, and enriching content, the amount of money
earmarked for a program always dictates what can be spent and what
is produced as a result.
Hotels that offer visible and competitive pricing will never fail to
attract the greater share of repeat business.
The good news? “Over half of planners say their event budgets have
indeed increased year-over-year, compared with only 32% the year
before,” according to Cvent's 2018 Global Planner Sourcing Report.
03STRATEGY
SKIFT + CVENT REPORT 28STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
TRANSPARENCY MATTERS:
BE UPFRONT WITH RATES
Properties that provide honest, reliable information right when customers
need it will also earn brownie points with planners.
“With 71 percent of global planners extremely or very certain of their event
budget when they begin sourcing, venues need to prioritize clear and
accurate pricing quotes with no hidden charges,” according to Cvent’s 2018
Global Planner Sourcing Report.
Hotels that offer visible and competitive pricing will never fail to attract the
greater share of repeat business.
“Ninety percent of planners said they’d switch to their
second choice venue for at least a one percent cost savings.
Cvent’s 2018 Global Planner Sourcing Report
SKIFT + CVENT REPORT 29STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
TIPS TO REDUCE BUDGET TENSION
“ “
Ditch the scarcity mindset. Work on
bringing down your minimums, show us
an all-in price, and increase your re-
wards when people hit certain spending
milestones. Sometimes the price isn’t
as bothersome as the tension we feel
when it seems like you’re just trying to
hit a sales quota on our dime.
The one thing we as an industry could
do better is to stop thinking about
conditions as a buyer’s or seller’s
market — it’s just the market. We’ve
had six years of record demand
without much growth of meeting
rooms, which is why supply has been
so compressed.
Sarah Shewey, CEO and founder, Happily
Michael Dominguez, senior vice president and
chief sales officer at MGM Resorts
Because
it's where the buyers are
cvent.com/hospitality-cloud
Cvent partners with hoteliers to help grow profitable group and corporate travel business by
providing access to billions of dollars in spend, powerful digital tools that attract valuable new
leads, and software solutions to maximize the value of the business won.
SKIFT + CVENT REPORT 31STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
CONCLUSION
The meetings and events industry is thriving thanks to a strong economy — but if there
should be a shift that creates instability, planners and suppliers alike will need to work
together more strategically.
That starts during the planning process, when meeting buyers are hungry for accurate
information. Hotels need to communicate clearly and as fast as humanly possible to truly
address planners’ questions and concerns.
The need for collaboration continues once a group is on-site, where there’s an expectation
for experiential meetings, as well as a hunger to try out new technologies. Throughout the
process, communication remains key.
Even post meeting, hotels can boost their chances of booking repeat business by
engaging with planners and providing valuable insights. In a world of peer influence, a
happy planner is a sales tool.
Like any good relationship, the hotelier/planner relationship requires transparency,
communication, and trust. Planners should feel confident that their budget is as much
the hotel’s concern as it is theirs — and that their hotel-side contact is fully invested in
taking a particular event to the next level.
“By earning the trust of planners of all ages, venues can book and retain more group
business,” said Cvent.
SKIFT + CVENT REPORT 32STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
ADDITIONAL READING
Here, a selection of additional useful resources for hoteliers, curated by the SkiftX team.
What Do Meeting Planners Actually Want? Here Are the Surprising Survey Results...
https://www.tambourine.com/blog/what-do-meeting-planners-actually-want-heres-the-surprising-survey-results/
What Is Experiential Travel and Why Does it Matter to Hotel and Travel Brands?
https://www.hospitalitynet.org/opinion/4075442.html
Five Trends that Will Shape Experiential Travel in 2019
https://skift.com/2018/11/06/five-trends-that-will-shape-experiential-travel-in-2019/
What an Artful Touch Can Do for Your Meeting
https://meetingsimagined.com/tips-trends/what-artful-touch-can-do-your-meeting
Venues Investing in More Sophisticated Virtual Site Visits
https://www.bizbash.com/venues-investing-in-more-sophisticated-virtual-site-visits/los-angeles/story/35953#.W-3hjnpKi9Y
SmithBucklin Acquires Association Meeting Specialist 360 Live Media
http://www.successfulmeetings.com/News/Products-and-Services/SmithBucklin-Acquisition-360-Live-Media-Association-Meetings/
7 Venues with Outrageous V.I.P Areas
https://www.bizbash.com/jewel-nightclub-jewel-nightclub-aria-resort-casino-latest-las/gallery/195375
SKIFT + CVENT REPORT 33STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
SOURCES
Cvent’s 2018 Global Planner Sourcing Report
https://www.cvent.com/sites/default/files/files/2018-07/2018%20Global%20Planner%20Sourcing%20Report.pdf
Meetings Mean Business
http://www.meetingsmeanbusiness.com
Cvent’s 2018 Planner Sourcing Gen X/Gen Y Report
https://cloud.kapostcontent.net/pub/370d569f-7161-4d4b-ba2f-dd5014af03a1/2018-planner-sourcing-gen-x-slash-gen-
y-report?kui=YMUSg5YgWj9C1oTIwbrT2A
AMEX Meetings & Events 2018 Global Meetings and Events Forecast
https://www.amexglobalbusinesstravel.com/content/uploads/2017/12/2018-Global-Meetings-Forecast-US.pdf
How Virtual and Augmented Reality Are Transforming Event Venues
https://www.bizbash.com/how-virtual-reality-and-augmented-reality-are-transforming-event-venues/new-york/
story/34746/#.W9s9mXpKi9
Why Virtual Reality — and Why Now?
https://freemanxp.com/insights/blog/why-virtual-reality-and-why-now/
CMO Interview: Understanding Omni Hotels’ Pivot Toward Experiential Meetings
https://skift.com/2016/10/25/cmo-interview-understanding-omni-hotels-pivot-toward-experiential-meetings/
Pushing the Experiential Envelope with Smaller Meetings
https://blog.cvent.com/events/pushing-experiential-envelope-smaller-meetings/
SKIFT + CVENT REPORT 34STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019
ABOUT SKIFT
Skift is the largest industry intelligence platform, providing
media, insights, and marketing to key sectors of travel.
Through daily news, research, podcasts, and Skift Global
Forum conferences, Skift deciphers and defines the trends
that matter to the marketers, strategists, and technologists
shaping the industry.
SkiftX is Skift’s in-house content marketing studio, working
collaboratively with partners like Mastercard, Hyatt, Adobe,
Lyft, Airbnb, and many more on custom projects to engage
the world’s largest audience of travel influencers and
decision makers.
Visit skiftx.com to learn more or email
at skiftx@skift.com	
				
Carolyn Kremins
President, Skift
ck@skift.com
212-564-5830
ABOUT CVENT
Cvent is the global meeting and event management
technology leader, with tens of thousands of customers
worldwide.
Cvent Hospitality Cloud provides digital marketing
tools and software solutions to its hotel and destination
partners to help them grow their group and corporate
travel business. For more information regarding the Cvent
Hospitality Cloud, visit
https://www.cvent.com/en/hospitality-cloud.
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Strategy Guide: How Hotels Can Book More Meetings and Events in 2019

  • 1. STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 Presented by + INSIGHTS DECK
  • 2. SKIFT + CVENT REPORT 2STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 TABLE OF CONTENTS Introduction How to Use This Strategy Guide Executive Letter Who You’ll Hear From in the Industry Strategy One: Sell the Experience, Not the Space Strategy Two: Make Communication Seamless for Planners Strategy Three: Understand and Accommodate Planner Budgets Conclusion Additional Reading Sources ABOUT SKIFT Skift is the largest industry intelligence platform, providing media, insights, and marketing to key sectors of travel. SkiftX is Skift’s in-house content marketing studio, working collaboratively with partners on integrated projects including webinars, video, research, and live events. Visit skiftx.com to learn more or email skiftx@skift.com. ABOUT CVENT Cvent is the global meeting and event management technology leader, with tens of thousands of customers worldwide. Cvent Hospitality Cloud provides digital marketing tools and software solutions to its hotel and destination partners to help them grow their group and corporate travel business. For more information regarding the Cvent Hospitality Cloud, visit https://www. cvent.com/en/hospitality-cloud. 3 4 5 6 7 20 27 31 32 33
  • 3. SKIFT + CVENT REPORT 3STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 INTRODUCTION It’s a challenging time for the meetings and events business, as expectations among all stakeholders are on the rise. For hotels, securing meetings and events remains an important revenue driver. Yet it’s no longer enough to simply meet capacity requirements or provide a suitable location. To get the attention of today’s planners, suppliers must understand their customers’ thinking, provide unique meeting experiences, and communicate effectively and quickly. For meeting planners, challenges include finding venues that can take meetings to the next level while staying within budget. To better understand the current landscape, we interviewed 10 industry insiders — including meeting planners, events experts, and hotel executives — and compiled key insights from research across the industry.
  • 4. SKIFT + CVENT REPORT 4STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 HOW TO USE THIS STRATEGY GUIDE For hoteliers, we offer creative solutions to the big challenges in winning meetings and events business. We cover topics including making the most of your existing spaces, ways to incorporate virtual reality and augmented reality, and strategies for winning new business from planners. We also consider how to improve relationships with existing partners, how to lock in repeat group customers, and specific ideas for making events more interesting, memorable, and creative, drawn from experts in the industry. At the end, we’ve added a list of links to further reading and resources to dig deeper into some of the ideas presented.
  • 5. SKIFT + CVENT REPORT 5STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 EXECUTIVE LETTER The meetings and events industry is not immune to today’s most popular consumer trends, including mobile technology, social media, and more personalized experiences. Hotels and destinations not only need to get on board, they also must figure out how to differentiate themselves in order to capitalize on the rapidly expanding benefits of group business. As an industry leader that provides a wide range of marketing and software solutions for both venues and planners, Cvent is uniquely positioned to track the trends and help hotels navigate the ever-evolving landscape of meetings and events. Our Hospitality Cloud sees the amazing opportunity created for hotels and destinations as demand for meeting space increases. We know event planner customers and what they want. We aggregate 92,000 planners on the Cvent Supplier Network, a world-leading database of over 260,000 venues, and see $16 billion of business sourced through our Hospitality Cloud. Most importantly, we offer the tools hotels need to set themselves apart, attract new leads and customers, and maximize profits from those customers. And — even better — we continue to evolve our offerings and find new ways to help hotels achieve group business success. To that end, we worked with Skift to create this Strategy Guide, which uncovers the latest trends in the event planner universe and makes this valuable information actionable for you. Let Cvent be your partner, and let us share our perspective on the flourishing meetings and events market. Together, we can propel your business into 2019 and beyond. Bharet Malhotra, senior vice president of Cvent Hospitality Cloud Bharet Malhotra, senior vice president of Cvent Hospitality Cloud
  • 6. SKIFT + CVENT REPORT 6STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 Brett Bovio, regional manager, MindTrek VR Yoni Koenig, co-founder and chairman, Exit Reality Aaron Feeney, area director of sales and marketing, Viceroy Hotel Group Frank Passanante, senior vice president, Hilton Worldwide Sales - Americas Andre Fournier, executive vice president, sales & marketing, Two Roads Hospitality Suzanne Halperin, vice president, catering & brand operations, Kimpton Hotels & Restaurants Michael Dominguez, senior vice president and chief sales officer, MGM Resorts Beth Surmont, director, experience design, 360 Live Media Mariska Kesteloo, founder, World of MICE Sarah Shewey, CEO and founder, Happily WHO YOU’LL HEAR FROM IN THE INDUSTRY
  • 7. SKIFT + CVENT REPORT 7STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 Any hotel can offer well-designed guest rooms and a comfortable meeting space. What gets a meeting planner to walk through a hotel’s doors, and to actually book their business, is the experience offered by the property. Properties that provide experiential environments that take meetings to the next level will impress attendees and make planners look like rock stars. Let’s explore some examples. “With more event choices than ever, the attendee experience has become an important differentiator and a key driver in achieving the meeting or event objectives. Issa Jouaneh, senior vice president & general manager, American Express Meetings & Events. SELL THE EXPERIENCE, NOT THE SPACE 01STRATEGY
  • 8. SKIFT + CVENT REPORT 8STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 MORE THAN 90 PERCENT OF PLANNERS THINK IT’S CRITICAL OR VERY IMPORTANT TO INTEGRATE EXPERIENCES Source: Skift’s 2017 survey of meeting planners subscribed to Skift’s Meetings Innovation Report newsletter 2.6% Not Important7.3% Somewhat Important 45.3% Very Important 44.8% Critical “Customers tell us it’s all about the experience. People collaborate, learn, and interact differently so they’re not looking for the ordinary, they’re looking for inspiration. Frank Passanante, senior vice president, Hilton Worldwide Sales - Americas How important is it to integrate “experiences” into the meetings you arrange?
  • 9. SKIFT + CVENT REPORT 9STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 OFFER ACCESS TO DIFFERENT LOCATIONS ON PROPERTY There is a rising preference, particularly among millennial meeting planners, for independent, quirky, unique venues. That doesn’t mean hotels need to overhaul ballrooms or add features that are expensive to create. In many cases, it’s just about rethinking the space. “Presidential suites or even the lobby can be great. Someone in a hotel for several days won’t want to be just in one wing. Sarah Shewey, CEO and founder, Happily What would you do if your funding increased by 10 percent? Source: AMEX 2019 Global Meetings and Events Forecast # 1 response from meeting planners: Improve the on-site experience
  • 10. SKIFT + CVENT REPORT 10STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 One way for hotels to do that is to offer more out-of-the-box options. “We want to have lunch by the pool, breakouts on a lawn, and wine by a fire pit. That’s an exciting ‘daycation’ with your peers — not a forced meeting with your bosses. When you remove a stage or a table, everyone is on the same physical level, which encourages participation,” said Sarah Shewey, CEO and founder of Happily, a network of meeting planners. Hotels with limited outdoor space can consider turning an indoor meeting room into a game room, music room, or media room. Depending on size, meeting groups may also be interested in booking spa environments to integrate wellness into their event. Think about how guests want to interact with the environment and with each other — then build in opportunities for meeting attendees to interact with your spaces in the same ways. USE YOUR EXISTING ENVIRONMENT
  • 11. SKIFT + CVENT REPORT 11STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 OFFER UNCONVENTIONAL ACTIVITIES: SPOTLIGHT ON KIMPTON HOTELS & RESTAURANTS Kimpton Hotels & Restaurants has a director of music who will help planners create a custom playlist to spice up their welcome events. The playlist can represent the company brand and meeting theme — or simply consist of meeting attendees’ favorite songs. “Meeting planners can even go outside the box and organize a welcome jam session with local songwriters and musicians, letting groups compose their own original material,” according to Kimpton. Food and beverage can also be a key source of inspiration. At the Kimpton Hotel Vintage, in Portland, Oregon, groups can try a custom wine blending experience and learn about varietals from the hotel’s resident wine expert, with each attendee receiving a custom labeled bottle at the end of the event.
  • 12. SKIFT + CVENT REPORT 12STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 BAKE IN EXPERIENTIAL ENVIRONMENTS: SPOTLIGHT ON OMNI HOTELS & RESORTS Omni Hotels & Resorts has prioritized offering experiential options for both meeting planners and hotel guests. For example, the recently opened 612-room Omni Louisville Hotel features a unique speakeasy — complete with a bowling alley with a vintage design. The company has also built hotels attached to the stadiums of both the Dallas Cowboys and Atlanta Braves, giving guests close proximity to major live events. “Everybody is into experiences today,” Omni’s Peter Strebel, chief marketing officer and senior vice president of sales, told Skift in a 2016 interview. “When you look at Facebook, no one writes, ‘I bought a new car,’ but they post their experiences, whether it be eating, drinking, dining, or cultural activities. So instead of throwing a complimentary cocktail reception [into a meeting], maybe we’ll throw in a local experience. We’re really in the experience business.”
  • 13. SKIFT + CVENT REPORT 13STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 REWARD ATTENDEES WITH EXCLUSIVE EXPERIENCES: SPOTLIGHT ON SINGAPORE TOURISM BOARD In some cases, hotels don’t always have to do the heavy lifting, and it’s possible to partner with a destination marketing organization to source engaging activities. For example, the In Singapore Incentives & Rewards (INSPIRE) program assists hotels by developing off-property programming for guests. Through this offering, small corporate meetings and incentive programs from all over the world can use experiential rewards from a dozen activities, according to a Cvent blog post. Among the offerings are six tours focused on the destination’s many interesting facets, everything from urban planning and infrastructure to its up-and-coming mixologists, who host cocktail experiences in historic venues. These packages are not available for sale commercially, creating a sense of exclusivity. “We owe it to ourselves to always push the envelope because we’re all in an industry that thrives on experiences,” according to the blog post. “Our expertise gets truly maximized when meetings get optimized. Part of that optimization is the experience that our attendees have.”
  • 14. SKIFT + CVENT REPORT 14STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 USE VIRTUAL REALITY TO ENGAGE ATTENDEES Hotels and destinations are already using virtual reality to showcase their space to meeting planners, but this technology can also be leveraged to elevate the meeting attendee experience. Groups can work together to battle zombies or play other games at MindTrek VR, a virtual reality gaming arena, which has two venues in Massachusetts. “You get to see what Karen from accounting is really like. She may be quiet and reserved in the office, but once an adult size zombie is charging at her, she’s a warrior. Brett Bovio, regional manager, MindTrek VR
  • 15. SKIFT + CVENT REPORT 15STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 “Corporate meetings aren’t usually places for delight, but VR elicits fun, powerful emotions. When you sit next to a colleague who’s smiling, it’s hard not to smile. That can be impactful, especially in a competitive company. There can be something lovely about people sharing these moments together. Yoni Koenig, co-founder and chairman, Exit Reality
  • 16. SKIFT + CVENT REPORT 16STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 VR IS TRANSFORMING HOW PEOPLE TAKE PART IN EVENTS, EXHIBITS, AND EXPERIENCES According to global brand experience agency FreemanXP, virtual reality can offer: ‱ Demos that let audiences and attendees learn, interact, manipulate, and engage with products ‱ Engaging content that transports attendees ‱ Live streaming to amplify must-see events ‱ Immersion in interactive worlds Source: https://www.newgenapps.com VIRTUAL REALITY IS PREDICTED TO HAVE 1 BILLION USERS BY 2020
  • 17. SKIFT + CVENT REPORT 17STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 VIRTUAL REALITY ELEVATES THE EXPERIENCE: SPOTLIGHT ON VICEROY HOTEL GROUP Viceroy Hotel Group provides virtual reality experiences for guests at Hotel Zetta in San Francisco. The hotel group also creates private, portable events for groups in partnership with Exit Reality, a company that offers virtual reality pop-ups and distributes Oculus headsets during meeting breaks. “Many event planners see these experiences as game changing, and it definitely differentiates us from every other hotel in the city,” said Aaron Feeney, area director of sales and marketing for Viceroy.
  • 18. SKIFT + CVENT REPORT 18STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 USE AUGMENTED REALITY TO ADD ANOTHER LAYER TO THE ATTENDEE EXPERIENCE “For meetings, augmented reality is more organic and interactive. If you put on VR goggles, you’ve lost the world around you. But with AR, you clearly see it. We’re working with Holo Lens, part of Microsoft. There are teaching aspects to the technology that have a lot of opportunity for meetings. Specific verticals — such as medical groups — could use Holo Lens for interactive teaching and show techniques from experts around the world. Michael Dominguez, senior vice president and chief sales officer at MGM Resorts
  • 19. SKIFT + CVENT REPORT 19STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 IMMERSIVE OPTIONS LIKE WALL MAPPING CAN TRANSPORT ATTENDEES Tech elements such as wall mapping, a feature offered by Kimpton Hotels & Restaurants, are also being added to some meetings. The 360-degree wall projection is “an engaging way to amp up the space,” according to a Kimpton spokesperson. “It projects scenery, design, and imagery across the room to create a more immersive environment.”
  • 20. SKIFT + CVENT REPORT 20STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 MAKE COMMUNICATION SEAMLESS FOR PLANNERS Today’s workforce is composed of a broad range of generations. Each age cohort gathers and processes information differently; this creates a stew of potential miscommunication. Meeting planners and suppliers must work together throughout the planning process to make a program successful. This means hoteliers need to provide the right information, at the right time, through the right channels if they hope to stay in the good graces of planners. 02STRATEGY
  • 21. SKIFT + CVENT REPORT 21STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 UNDERSTAND AND ADDRESS GEN X AND GEN Y COMMUNICATION STYLES AND NEEDS Planners of all ages appreciate the ability to choose how and when they interact with hotels. It’s important for hotels to offer a variety of ways for planners to do this. If nothing else, hotels need to be clear about what channels are offered and when. Hotels can lead this conversation, asking planners for their preferred communication platform from the moment the conversation begins. Gen Y/millennials Gen X Vs. “ “The perception that all millennials just want to look at a screen and not pick up the phone is not always true. Like other gener- ations, they want suppliers who know them well. They seek trusted relationships and guard them zealously. Since more Gen Xers work for companies and associations — versus working for themselves — they’re more likely to need to work within their management’s requirements and preferences, particularly for budget, dates, and destination. Hospitality consultant David Kliman in Destination Marketing: The New Wave, a study by Marketing Challenges International Cvent’s 2018 Planner Sourcing Gen X/Gen Y Report
  • 22. SKIFT + CVENT REPORT 22STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 “ Each meeting is different, so we have to be good at asking questions and pulling out that creativity. When we’re willing to understand each other’s problems, it shifts the whole paradigm of the meeting. Andre Fournier, executive vice president of sales and marketing, Two Roads Hospitality
  • 23. SKIFT + CVENT REPORT 23STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 INTEGRATE TECH TOOLS FOR PLANNING The use of mobile devices during the venue sourcing process is increasing for planners across all generations and in all parts of the world, according to Cvent's 2018 Global Planner Sourcing Report. Some brands have embraced mobile. Kimpton’s “text concierge,” for example, allows meeting planners to text their needs while on- site, so planners can communicate with the property at any time during their meeting and the hotel can respond quickly to any needs. The service is available to guests, too. Planners like the offering as an add-on to traditional communications channels like phone and email. “I like that when I check in, or when I want something, the response is immediate,” said Beth Surmont, director, experience design, 360 Live Media. It’s now more imperative than ever for hotels, venues, and destinations to optimize their mobile presence to better communicate with planners of all ages.
  • 24. SKIFT + CVENT REPORT 24STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 TRY NEW FORMATS: SPOTLIGHT ON MARRIOTT’S CONVENTION & RESORTS NETWORK In 2018, Marriott wanted to give meeting planners working with many of the brand’s properties some fresh concepts. Rather than emailing documents or engaging in a laborious campaign to reach planners one at a time, Marriott’s Convention & Resorts Network (CRN) launched a video series to rapidly share their thinking in an engaging format, according to a spokeswoman. The first, “60 Smarter,” features short videos designed to share new ideas for the creative execution of meetings. The second, “Meetings. Made Here. A Marriott CRN Travel Show,” features videos of some of the 110 CRN properties and showcases them with a host who walks through the hotels. Additionally, in 2019 Marriott will roll out Mastermind, a digital platform offering support groups consisting of eight to 10 planners paired with a CRN representative. Groups will meet monthly to discuss industry issues such as culinary trends in meetings, how to engage attendees outside of the meeting room, and providing attendee networking opportunities. Marriott mentors and subject matter experts will join each session.
  • 25. SKIFT + CVENT REPORT 25STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 VR GIVES PLANNERS NEW WAYS TO SEE A PROPERTY Two-dimensional brochures and websites have their place, but they often only offer static photos and verbiage meant to evoke the feeling of a hotel’s guest rooms, meeting space, and amenities. By contrast, VR allows hotel salespeople to make planners feel like they’re on-site with virtual walk-throughs and meeting room set- ups, cutting down on the need for costly site visits. “Virtual reality is becoming more prevalent among suppliers, especially when they’re trying to show new product or renovated space to planners,” said Michael Dominguez, senior vice president and chief sales officer at MGM Resorts. “It allows you to tell your story in a more comprehensive way.” This is another way for hotels to provide planners with the information they need in a way that is easy to visualize.
  • 26. SKIFT + CVENT REPORT 26STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 HARNESS THE POWER OF PEERS AND SOCIAL MEDIA COMMUNICATIONS “Peer recommendations are the number one influence on sourcing decisions. Cvent’s 2018 Global Planner Sourcing Report “It’s about looking at people’s opinions and their experiences at various hotels. For hotels, social platforms are an opportunity to spotlight what they can do for groups. If meeting planners continue to see creative ideas we’re showcasing, they’ll come back to our page and it becomes habitual. Michael Dominguez, senior vice president and chief sales officer at MGM Resorts Top Influences on Sourcing Decision Peer Recommendations Search Engines Online Sourcing Tools Trade Shows Hotel Sales Staff Social Media/Blogs Review Sites Magazines 0% 10%5% 17% 15% Venues’ Corporate Websites
  • 27. SKIFT + CVENT REPORT 27STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 UNDERSTAND AND ACCOMMODATE PLANNER BUDGETS As much as meeting planners want to provide mouthwatering food, dazzling entertainment, and enriching content, the amount of money earmarked for a program always dictates what can be spent and what is produced as a result. Hotels that offer visible and competitive pricing will never fail to attract the greater share of repeat business. The good news? “Over half of planners say their event budgets have indeed increased year-over-year, compared with only 32% the year before,” according to Cvent's 2018 Global Planner Sourcing Report. 03STRATEGY
  • 28. SKIFT + CVENT REPORT 28STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 TRANSPARENCY MATTERS: BE UPFRONT WITH RATES Properties that provide honest, reliable information right when customers need it will also earn brownie points with planners. “With 71 percent of global planners extremely or very certain of their event budget when they begin sourcing, venues need to prioritize clear and accurate pricing quotes with no hidden charges,” according to Cvent’s 2018 Global Planner Sourcing Report. Hotels that offer visible and competitive pricing will never fail to attract the greater share of repeat business. “Ninety percent of planners said they’d switch to their second choice venue for at least a one percent cost savings. Cvent’s 2018 Global Planner Sourcing Report
  • 29. SKIFT + CVENT REPORT 29STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 TIPS TO REDUCE BUDGET TENSION “ “ Ditch the scarcity mindset. Work on bringing down your minimums, show us an all-in price, and increase your re- wards when people hit certain spending milestones. Sometimes the price isn’t as bothersome as the tension we feel when it seems like you’re just trying to hit a sales quota on our dime. The one thing we as an industry could do better is to stop thinking about conditions as a buyer’s or seller’s market — it’s just the market. We’ve had six years of record demand without much growth of meeting rooms, which is why supply has been so compressed. Sarah Shewey, CEO and founder, Happily Michael Dominguez, senior vice president and chief sales officer at MGM Resorts
  • 30. Because it's where the buyers are cvent.com/hospitality-cloud Cvent partners with hoteliers to help grow profitable group and corporate travel business by providing access to billions of dollars in spend, powerful digital tools that attract valuable new leads, and software solutions to maximize the value of the business won.
  • 31. SKIFT + CVENT REPORT 31STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 CONCLUSION The meetings and events industry is thriving thanks to a strong economy — but if there should be a shift that creates instability, planners and suppliers alike will need to work together more strategically. That starts during the planning process, when meeting buyers are hungry for accurate information. Hotels need to communicate clearly and as fast as humanly possible to truly address planners’ questions and concerns. The need for collaboration continues once a group is on-site, where there’s an expectation for experiential meetings, as well as a hunger to try out new technologies. Throughout the process, communication remains key. Even post meeting, hotels can boost their chances of booking repeat business by engaging with planners and providing valuable insights. In a world of peer influence, a happy planner is a sales tool. Like any good relationship, the hotelier/planner relationship requires transparency, communication, and trust. Planners should feel confident that their budget is as much the hotel’s concern as it is theirs — and that their hotel-side contact is fully invested in taking a particular event to the next level. “By earning the trust of planners of all ages, venues can book and retain more group business,” said Cvent.
  • 32. SKIFT + CVENT REPORT 32STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 ADDITIONAL READING Here, a selection of additional useful resources for hoteliers, curated by the SkiftX team. What Do Meeting Planners Actually Want? Here Are the Surprising Survey Results... https://www.tambourine.com/blog/what-do-meeting-planners-actually-want-heres-the-surprising-survey-results/ What Is Experiential Travel and Why Does it Matter to Hotel and Travel Brands? https://www.hospitalitynet.org/opinion/4075442.html Five Trends that Will Shape Experiential Travel in 2019 https://skift.com/2018/11/06/five-trends-that-will-shape-experiential-travel-in-2019/ What an Artful Touch Can Do for Your Meeting https://meetingsimagined.com/tips-trends/what-artful-touch-can-do-your-meeting Venues Investing in More Sophisticated Virtual Site Visits https://www.bizbash.com/venues-investing-in-more-sophisticated-virtual-site-visits/los-angeles/story/35953#.W-3hjnpKi9Y SmithBucklin Acquires Association Meeting Specialist 360 Live Media http://www.successfulmeetings.com/News/Products-and-Services/SmithBucklin-Acquisition-360-Live-Media-Association-Meetings/ 7 Venues with Outrageous V.I.P Areas https://www.bizbash.com/jewel-nightclub-jewel-nightclub-aria-resort-casino-latest-las/gallery/195375
  • 33. SKIFT + CVENT REPORT 33STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 SOURCES Cvent’s 2018 Global Planner Sourcing Report https://www.cvent.com/sites/default/files/files/2018-07/2018%20Global%20Planner%20Sourcing%20Report.pdf Meetings Mean Business http://www.meetingsmeanbusiness.com Cvent’s 2018 Planner Sourcing Gen X/Gen Y Report https://cloud.kapostcontent.net/pub/370d569f-7161-4d4b-ba2f-dd5014af03a1/2018-planner-sourcing-gen-x-slash-gen- y-report?kui=YMUSg5YgWj9C1oTIwbrT2A AMEX Meetings & Events 2018 Global Meetings and Events Forecast https://www.amexglobalbusinesstravel.com/content/uploads/2017/12/2018-Global-Meetings-Forecast-US.pdf How Virtual and Augmented Reality Are Transforming Event Venues https://www.bizbash.com/how-virtual-reality-and-augmented-reality-are-transforming-event-venues/new-york/ story/34746/#.W9s9mXpKi9 Why Virtual Reality — and Why Now? https://freemanxp.com/insights/blog/why-virtual-reality-and-why-now/ CMO Interview: Understanding Omni Hotels’ Pivot Toward Experiential Meetings https://skift.com/2016/10/25/cmo-interview-understanding-omni-hotels-pivot-toward-experiential-meetings/ Pushing the Experiential Envelope with Smaller Meetings https://blog.cvent.com/events/pushing-experiential-envelope-smaller-meetings/
  • 34. SKIFT + CVENT REPORT 34STRATEGY GUIDE: HOW HOTELS CAN BOOK MORE MEETINGS & EVENTS IN 2019 ABOUT SKIFT Skift is the largest industry intelligence platform, providing media, insights, and marketing to key sectors of travel. Through daily news, research, podcasts, and Skift Global Forum conferences, Skift deciphers and defines the trends that matter to the marketers, strategists, and technologists shaping the industry. SkiftX is Skift’s in-house content marketing studio, working collaboratively with partners like Mastercard, Hyatt, Adobe, Lyft, Airbnb, and many more on custom projects to engage the world’s largest audience of travel influencers and decision makers. Visit skiftx.com to learn more or email at skiftx@skift.com Carolyn Kremins President, Skift ck@skift.com 212-564-5830 ABOUT CVENT Cvent is the global meeting and event management technology leader, with tens of thousands of customers worldwide. Cvent Hospitality Cloud provides digital marketing tools and software solutions to its hotel and destination partners to help them grow their group and corporate travel business. For more information regarding the Cvent Hospitality Cloud, visit https://www.cvent.com/en/hospitality-cloud. LIKE WHAT YOU SEE?