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Predictions for the Decade
@danberger
June 12, 2020
@danberger
I’m a believer.
I’m an entrepreneur.
I’m a participant.
I’m a planner.
@danberger
@danberger
1. Data upfront.
2. Trends built off of the data.
3. Predictions built off the trends.
NOTE:
● This is meant to expand your thinking, not to
scare you.
● Some data is global but mostly US.
The Rules of the Road
@danberger
100s of data points
40 Trends
9 Predictions
30 Minutes
We need to zoom out of our temporary reality
Wave 1
Wave 2
● While COVID-19 is current state, it is still
temporary within a greater context.
● Therefore, we need to look past the next
18+ months (time to vaccine) to
understand where things are going.
● Some earlier signals may be accelerated
and become standards...
● While more traditional ways of doing
business may take longer to change.
Wave 3
@danberger
Global hotel investment
volumes held steady in 2019
#hotels DATA
@danberger
Convention hotels are a thing of
the past (US)
#hotels DATA
@danberger
Limited and select service is the
name of the game (US)
#hotels DATA
@danberger
● Hoteliers will continue to be hands-on as they
become more sophisticated and concerned.
● Chains will continue to invest in limited & select
service brands, especially as “MICE as usual”
experiences a 2+ year dip.
● Revenue managers will focus on smaller groups
more than ever.
● 2019 was the last year of global hospitality growth
for the foreseeable future.
Hotel owners are diving into the
details
TRENDING#hotels
@danberger@danberger
The new decade has started
with a buyer’s market
PREDICTION
@danberger
US meat consumption has
shifted towards chicken
#F&B DATA
@danberger
The US is an outlier in terms of
beef consumption
#F&B DATA
@danberger
Alternative meats are picking up
steam
#F&B DATA
@danberger
Beer accounts for less than 50%
of alcohol consumption
#F&B DATA
@danberger
● Lab-grown meats are starting to replace
ingredients, leapfrogging vegetarian/vegan
meals.
● CBD-infused drinks will appear on beverage
menus as an alternative to alcohol.
● Alcohol-free events will cater to the sober and
sober-curious.
● Local fast-casual concepts will take the place of
restaurants in hotels.
Every aspect of F&B is being
challenged
TRENDING
@danberger
Most events will be meatless
and many alcohol-free
@danberger
PREDICTION
Food may even be optional.
@danberger
Consumers are more concerned
about their personal data
#data DATA
@danberger
More than half of Americans think
Facebook will do more harm than
good
#data DATA
@danberger
Big Tech regulation is not a
political issue
#data
15% jump in 4 months
DATA
@danberger
Americans are spending more
time on digital media than ever
before
#screen-time DATA
@danberger
● GDPR-inspired regulation will be the global
norm.
● Device-free events will be welcomed and
enforced.
● Virtual events will face new threats from data
breaches to security issues.
● Some attendees will go badgeless and choose to
be anonymous when it comes to face-to-face.
Privacy and safety standards will
be higher
TRENDING#data
@danberger@danberger
Attendees’ safety and privacy
expectations will reach
new heights
PREDICTION
@danberger
● Events will require more square footage due to
social distancing regulations and on-site testing.
● Public health officers, PPE, disinfectants, and
other health products will add complexity and
cost to events.
● Venue hygiene standards will be part of
contracts; and force majeure will be redefined.
● Large MICE will break up into regions or into
smaller redundant chunks.
Public health is the newest skill
planners will need to study
TRENDING#health
@danberger
1. Leisure - people itching to get out and can’t
travel abroad
2. SMERF - smaller size social events (eg weddings)
3. Business Travel (BT) - corporations will trickle
travel in on a needs-basis
4. Small MICE - regional over national meetings
5. Larger MICE - but only in late 21/early 22
Hospitality’s return will be
staggered over two years
TRENDING#health
@danberger@danberger
Public health management is
an event’s newest ‘feature’
PREDICTION
@danberger
Employers are embracing
remote work
#work DATA
@danberger
Freelancers are a growing part of
the economy
#work DATA
@danberger
● Pop-up coworking spaces will become the norm
in events.
● Hotels will offer coworking amenities as they
transform into lifestyle products.
● Internal events will be seen as a key tool to
engage remote workers.
● New meeting formats will be created to better
include a remote workforce.
● The office will be more important than ever.
Coworking is the new normal
TRENDING#work
@danberger
Planners will integrate
coworking and remote
attendance into their
programs
@danberger
PREDICTION
@danberger
Community events are growing
as people seek connectedness
Total Meetup.com Group joins per week
#event-types DATA
● Meetup hosted 250k meetups/month in 2019.
@danberger
Employee engagement is the key
to positive business outcomes
#employee-engagement DATA
@danberger
Events must balance inclusivity
and exclusivity
● HR is going to devote more resources for
employee events
● Employee events are going to be more important
than sales & marketing events.
● Employers that provide event & meeting
planning training for their employees will do
better.
● Company events will be viewed as perks that win
in the war for talent.
● More platforms will emerge to help people create
face-to-face communities.
TRENDING
@danberger@danberger
Events that provide attendees a
sense of belonging will win
PREDICTION
@danberger
New digital supply channels for
group business emerge monthly
#distribution DATA
@danberger
● Third party planners will lose market share.
● Suppliers will proactively reach out to qualified
planners with sales enablement tools.
● Hotels will introduce direct book for small groups.
● Untrained and misaligned hotel sales
professionals will be forced out.
● Hotel sales reps that focus on successful meeting
outcomes and customer retention will win.
● Non-traditional event spaces will compete with
hotels and venues.
● CVBs will focus on economic impact rather than
room nights.
Group business is growing in
complexity
TRENDING
@danberger
There will be more ways to
source groups & meetings
@danberger
PREDICTION
@danberger
Predictable physical work can be
replaced by machines
DATA#labor
@danberger
● The price of event software will drop.
● Workflow automation and emerging technologies
will give planners more time to be creative.
● Hotels and meeting planners will choose
consolidated event management platforms.
● Virtual site visits will augment in-person visits.
● Floor plans will be more effective thanks to machine
learning.
● Robots will replace certain hotel and event staff.
Technology is upgrading every
step in event planning
TRENDING
@danberger
Technology will augment the
way we plan for the better
@danberger
PREDICTION
@danberger
The middle class is growing
globally
DATA#macroeconomics
@danberger
● The growing global middle class means more
prospective attendees.
● Home-sharing will add new inventory in areas
with limited hotel supply.
● Driverless vehicles will unlock new destinations.
● Secondary markets will compete with traditional
ones.
● “Last mile” commuting vehicles will ease clogged
arteries during events.
New ways to travel will open up
new possibilities
TRENDING
@danberger
Events will be more accessible,
both in terms of attendance
and location
@danberger
PREDICTION
@danberger
There is a gap between what
businesses say and what
millennials believe
DATA#values
@danberger
● Every event will consider diversity & inclusion
from the planning committee to the program
itself.
● Organizations will take a strong stand on social
justice issues, impacting their everything from
choosing destinations to suppliers.
● Leave no trace (“LNT”) will be an industry
standard.
New voices are entering the
industry
TRENDING
@danberger
The next generation’s values will
be reflected in the way we plan
@danberger
TREND
@danberger
● Virtual event products will create even more
commodities in the market.
● More last minute purchases means just-in-time
planning and supply chain management.
● Event insurance will be big business.
● Successful events will subcontract content from
specialized frenemies.
● Unconventional organizations will enter the
event planning business (eg LinkedIn).
● Most activations will be roaming, making
experiences less sequential and more fluid.
Staying relevant will be more
difficult
TRENDING#experience-design
@danberger
Event organizers will need to be
more flexible than ever
@danberger
TREND
/end
email: dan@danjberger.com
twitter and instagram: @danberger

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June 2020 - PIVOT Virtual Summit - Predictions for the next Decade of Hospitality

  • 1. Predictions for the Decade @danberger June 12, 2020
  • 2. @danberger I’m a believer. I’m an entrepreneur. I’m a participant. I’m a planner. @danberger
  • 3. @danberger 1. Data upfront. 2. Trends built off of the data. 3. Predictions built off the trends. NOTE: ● This is meant to expand your thinking, not to scare you. ● Some data is global but mostly US. The Rules of the Road
  • 4. @danberger 100s of data points 40 Trends 9 Predictions 30 Minutes
  • 5. We need to zoom out of our temporary reality Wave 1 Wave 2 ● While COVID-19 is current state, it is still temporary within a greater context. ● Therefore, we need to look past the next 18+ months (time to vaccine) to understand where things are going. ● Some earlier signals may be accelerated and become standards... ● While more traditional ways of doing business may take longer to change. Wave 3
  • 6. @danberger Global hotel investment volumes held steady in 2019 #hotels DATA
  • 7. @danberger Convention hotels are a thing of the past (US) #hotels DATA
  • 8. @danberger Limited and select service is the name of the game (US) #hotels DATA
  • 9. @danberger ● Hoteliers will continue to be hands-on as they become more sophisticated and concerned. ● Chains will continue to invest in limited & select service brands, especially as “MICE as usual” experiences a 2+ year dip. ● Revenue managers will focus on smaller groups more than ever. ● 2019 was the last year of global hospitality growth for the foreseeable future. Hotel owners are diving into the details TRENDING#hotels
  • 10. @danberger@danberger The new decade has started with a buyer’s market PREDICTION
  • 11. @danberger US meat consumption has shifted towards chicken #F&B DATA
  • 12. @danberger The US is an outlier in terms of beef consumption #F&B DATA
  • 13. @danberger Alternative meats are picking up steam #F&B DATA
  • 14. @danberger Beer accounts for less than 50% of alcohol consumption #F&B DATA
  • 15. @danberger ● Lab-grown meats are starting to replace ingredients, leapfrogging vegetarian/vegan meals. ● CBD-infused drinks will appear on beverage menus as an alternative to alcohol. ● Alcohol-free events will cater to the sober and sober-curious. ● Local fast-casual concepts will take the place of restaurants in hotels. Every aspect of F&B is being challenged TRENDING
  • 16. @danberger Most events will be meatless and many alcohol-free @danberger PREDICTION Food may even be optional.
  • 17. @danberger Consumers are more concerned about their personal data #data DATA
  • 18. @danberger More than half of Americans think Facebook will do more harm than good #data DATA
  • 19. @danberger Big Tech regulation is not a political issue #data 15% jump in 4 months DATA
  • 20. @danberger Americans are spending more time on digital media than ever before #screen-time DATA
  • 21. @danberger ● GDPR-inspired regulation will be the global norm. ● Device-free events will be welcomed and enforced. ● Virtual events will face new threats from data breaches to security issues. ● Some attendees will go badgeless and choose to be anonymous when it comes to face-to-face. Privacy and safety standards will be higher TRENDING#data
  • 22. @danberger@danberger Attendees’ safety and privacy expectations will reach new heights PREDICTION
  • 23. @danberger ● Events will require more square footage due to social distancing regulations and on-site testing. ● Public health officers, PPE, disinfectants, and other health products will add complexity and cost to events. ● Venue hygiene standards will be part of contracts; and force majeure will be redefined. ● Large MICE will break up into regions or into smaller redundant chunks. Public health is the newest skill planners will need to study TRENDING#health
  • 24. @danberger 1. Leisure - people itching to get out and can’t travel abroad 2. SMERF - smaller size social events (eg weddings) 3. Business Travel (BT) - corporations will trickle travel in on a needs-basis 4. Small MICE - regional over national meetings 5. Larger MICE - but only in late 21/early 22 Hospitality’s return will be staggered over two years TRENDING#health
  • 25. @danberger@danberger Public health management is an event’s newest ‘feature’ PREDICTION
  • 27. @danberger Freelancers are a growing part of the economy #work DATA
  • 28. @danberger ● Pop-up coworking spaces will become the norm in events. ● Hotels will offer coworking amenities as they transform into lifestyle products. ● Internal events will be seen as a key tool to engage remote workers. ● New meeting formats will be created to better include a remote workforce. ● The office will be more important than ever. Coworking is the new normal TRENDING#work
  • 29. @danberger Planners will integrate coworking and remote attendance into their programs @danberger PREDICTION
  • 30. @danberger Community events are growing as people seek connectedness Total Meetup.com Group joins per week #event-types DATA ● Meetup hosted 250k meetups/month in 2019.
  • 31. @danberger Employee engagement is the key to positive business outcomes #employee-engagement DATA
  • 32. @danberger Events must balance inclusivity and exclusivity ● HR is going to devote more resources for employee events ● Employee events are going to be more important than sales & marketing events. ● Employers that provide event & meeting planning training for their employees will do better. ● Company events will be viewed as perks that win in the war for talent. ● More platforms will emerge to help people create face-to-face communities. TRENDING
  • 33. @danberger@danberger Events that provide attendees a sense of belonging will win PREDICTION
  • 34. @danberger New digital supply channels for group business emerge monthly #distribution DATA
  • 35. @danberger ● Third party planners will lose market share. ● Suppliers will proactively reach out to qualified planners with sales enablement tools. ● Hotels will introduce direct book for small groups. ● Untrained and misaligned hotel sales professionals will be forced out. ● Hotel sales reps that focus on successful meeting outcomes and customer retention will win. ● Non-traditional event spaces will compete with hotels and venues. ● CVBs will focus on economic impact rather than room nights. Group business is growing in complexity TRENDING
  • 36. @danberger There will be more ways to source groups & meetings @danberger PREDICTION
  • 37. @danberger Predictable physical work can be replaced by machines DATA#labor
  • 38. @danberger ● The price of event software will drop. ● Workflow automation and emerging technologies will give planners more time to be creative. ● Hotels and meeting planners will choose consolidated event management platforms. ● Virtual site visits will augment in-person visits. ● Floor plans will be more effective thanks to machine learning. ● Robots will replace certain hotel and event staff. Technology is upgrading every step in event planning TRENDING
  • 39. @danberger Technology will augment the way we plan for the better @danberger PREDICTION
  • 40. @danberger The middle class is growing globally DATA#macroeconomics
  • 41. @danberger ● The growing global middle class means more prospective attendees. ● Home-sharing will add new inventory in areas with limited hotel supply. ● Driverless vehicles will unlock new destinations. ● Secondary markets will compete with traditional ones. ● “Last mile” commuting vehicles will ease clogged arteries during events. New ways to travel will open up new possibilities TRENDING
  • 42. @danberger Events will be more accessible, both in terms of attendance and location @danberger PREDICTION
  • 43. @danberger There is a gap between what businesses say and what millennials believe DATA#values
  • 44. @danberger ● Every event will consider diversity & inclusion from the planning committee to the program itself. ● Organizations will take a strong stand on social justice issues, impacting their everything from choosing destinations to suppliers. ● Leave no trace (“LNT”) will be an industry standard. New voices are entering the industry TRENDING
  • 45. @danberger The next generation’s values will be reflected in the way we plan @danberger TREND
  • 46. @danberger ● Virtual event products will create even more commodities in the market. ● More last minute purchases means just-in-time planning and supply chain management. ● Event insurance will be big business. ● Successful events will subcontract content from specialized frenemies. ● Unconventional organizations will enter the event planning business (eg LinkedIn). ● Most activations will be roaming, making experiences less sequential and more fluid. Staying relevant will be more difficult TRENDING#experience-design
  • 47. @danberger Event organizers will need to be more flexible than ever @danberger TREND