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The Meeting Professional of the Future - 3/12/17 #CS2017

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The Meeting Professional of the Future - 3/12/17 #CS2017

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Develop insight into how our industry is performing.
Review trends, predictions, and strategies for what’s ahead and how you can be successful.
Identify ways you can invest in your career now.

Develop insight into how our industry is performing.
Review trends, predictions, and strategies for what’s ahead and how you can be successful.
Identify ways you can invest in your career now.

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The Meeting Professional of the Future - 3/12/17 #CS2017

  1. 1. Dan Berger CEO Social Tables Trends to Watch and Strategies for Success The Meeting Professional of the Future:
  2. 2. ● You’re free to leave any time. ● Questions welcome whenever. ● Take as many photos and share as you please. ● Engage on social: @danberger | #CS2017 Presenter-Audience Agreement
  3. 3. 120 employees Raised $22.6 million Founded in 2011
  4. 4. The #1 software for planners and properties to collaborate online.
  5. 5. 4,229 customers creating 1.73 million events with 210 million participants
  6. 6. We envision a world where face- to-face events achieve great things Sample of the 40+ awards Social Tables and its leadership have received.
  7. 7. ● Develop insight into how our industry is performing. ● Review trends, predictions, and strategies for what’s ahead and how you can be successful. ● Identify ways you can invest in your career now. Learning Objectives
  8. 8. open_discussion How would you describe the health of our industry?
  9. 9. Politics and Policies A potential trade war and ongoing immigration issues will impact the global hospitality industry, hospitality leaders believe. Demand Industry leaders believe corporate travel will bounce back in 2017 due to the stock market’s performance, “lessening regulations on corporations, slashing their tax rates, and building up a more robust transportation infrastructure.” This will contribute to an increase in ADR, which will increase RevPAR by an estimated 2.3%. Supply An increase in hotel room supply will marginally outpace growth in demand, resulting in a decline in occupancy to 65.3%. Airbnb remains a wildcard. Airbnb continues to grow and just raised $1bn. They were profitable in 2H 2016. The State of Travel and Hospitality in 2017 Source: Hotels Mag, MeetingsNet, CNBC, PwC, internal reports.
  10. 10. The Overall Climate We are still in a supplier market. Chains are reporting strong group booking toward the end of the year and beyond but tepid short-term booking due to market and government uncertainty. Budgets and attendance in 2016 grew from 2015 but at a slower pace. Exhibitor numbers grew in 2016 at a higher clip than 2015 so more space was used. The Biggest Challenge Safety and security are top-of-mind for planners. The State of Group Business in 2017 Source: Hotels Mag, MeetingsNet, CNBC, PwC, internal reports.
  11. 11. From 1945 to 2001, and 10 cycles, recessions lasted an average 10 months and expansions an average of 57 months. We’re currently on expansion month #91 and counting. Year The Economy 2008 Recession began 2009 Recession ended (1.5 years) 2018 Next projected recession 2019 Expansion 2025 Projected end of an expansion Beyond 2017: A Recession on the Horizon Source: Wikipedia
  12. 12. conclusion Our industry and the economy are both healthy so we should be cautiously optimistic.
  13. 13. open_discussion What are some of the ways the industry will change in the future?
  14. 14. trend_alert Industries are changing in front of our eyes.
  15. 15. The industry processes we know today will be obliterated.
  16. 16. take_action Stay alert of what’s happening around you.
  17. 17. trend_alert Events are getting a makeover.
  18. 18. The Annual Meeting will become endangered.
  19. 19. Events will be reimagined as festivals.
  20. 20. take_action Look at consumer shows and events for inspiration.
  21. 21. trend_alert Software is eating the world.
  22. 22. Coordinating event logistics will be automated.
  23. 23. Artificial intelligence will make events better for everyone.
  24. 24. We won’t be able to tell the difference between real and virtual events.
  25. 25. Complex productions will be cheaper and easier to organize.
  26. 26. Most group business will be booked online.
  27. 27. There will be fewer site visits and site inspections.
  28. 28. Venue sales people will become value-added meeting consultants.
  29. 29. A new computing platform will change the way we experience meetings.
  30. 30. Event apps will no longer exists.
  31. 31. Serendipity will be less successful than algorithms.
  32. 32. take_action Experiment with new technology, even if it scares you.
  33. 33. trend_alert Organizations are getting better at collecting and using data.
  34. 34. There will be more events, with bigger budgets.
  35. 35. Event Professionals will join Executive Teams.
  36. 36. The room block will play second fiddle to economic impact.
  37. 37. A governing body for the meetings industry will emerge.
  38. 38. take_action Get comfortable with numbers and use them to show results.
  39. 39. trend_alert Hotel operators are more focused on margins than ever before.
  40. 40. The hospitality industry will be more profitable than ever.
  41. 41. Technology will be an integrated part of the convention service team’s offerings.
  42. 42. take_action Understand your suppliers’ financials to help them make more money.
  43. 43. trend_alert Robotic capabilities are evolving.
  44. 44. Robotics will be used in facility operations.
  45. 45. The best photographers will know how to fly.
  46. 46. take_action Reframe automation as an opportunity for augmentation.
  47. 47. trend_alert Travel is becoming easier and less painful.
  48. 48. Second tier cities will become premier meeting destinations.
  49. 49. The “Golden Age of Travel” will continue.
  50. 50. take_action Understand the economic tides to unearth opportunity.
  51. 51. open_discussion What are you doing to keep driving your career forward?
  52. 52. The 5 Career Choices You Can Make Right Now
  53. 53. ● ● Step Up Adapted from Beyond Automation, HBR, 2015
  54. 54. ● ● Step Aside Adapted from Beyond Automation, HBR, 2015
  55. 55. ● ● Step In Adapted from Beyond Automation, HBR, 2015
  56. 56. ● ● Step Narrowly Adapted from Beyond Automation, HBR, 2015
  57. 57. ● ● Step Forward Adapted from Beyond Automation, HBR, 2015
  58. 58. Q&A
  59. 59. Connecting | Q&A

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