Recession hurts meeting revenue, properties bite back
Hotel, motel and resort operators know the trend all too well: The economy dips and meetings and conventions revenue begins to drop. But there is hope for the future, and to fully understand the opportunities, here’s a snapshot of the current realities. Attendance at the recent International Consumer Electronics Show in Las Vegas—the largest tradeshow in the country—dipped 23 percent compared to last year’s showing. In Orlando, some properties already are cutting staff in anticipation of a 10 percent drop this year in conventions and meetings attendance. Both demonstrate the current softness.