Positive signs that the meetings industry is strengthening are emerging from this year's
ConventionSouth's Meeting Trends in the South Report.
Here is a list of where planners are cutting costs. Planners have told
ConventionsSouth that have been asked to limit spending on the following areas:
- Nearly 20% will reduce food and beverage
- Nearly 10% will reduce cost for incentives/rewards/VIP Services
- Nearly 10% wants reduced meeting room cost
- 8% are looking to cut cost in AV
- 7% are looking to cut transportation cost
- 6% will look to cut cost in programming
- Less than 5% said they would not make any cuts
SOURCE: Convention South Magazine.