It's Still a Buyer's Market

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.