Results and insight from a survey of over 1,000 meetings and events professionals from corporations in Europe and the US, as presented at the Meetings Show on 15th June 2017.
Presented by David Taylor, MD of Grass Roots Meetings and Events, with Technology slides presented by product manager Philip Staines.
This research will be published in full in the Grass Roots Meetings Industry Report to be released in Autumn 2017.
Find out more at http://meetingsindustry.report.
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PwC is looking to move beyond transactional supplier relationships and leverage strategic partnerships. They held workshops with potential suppliers to understand their capabilities in facilities management, records management, and other services. While some suppliers focused on costs and strengths, few provided innovative solutions aligned with PwC's goals of improved customer experience and continuous innovation. PwC will implement a new partner model that involves collaborative design and transparent partnership to harness long-term benefits beyond cost savings.
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This document discusses how to reassess KPIs for shared services to better measure performance. It recommends that KPIs not just focus on internal metrics but also include upstream measures outside direct control. KPIs should also consider the end-to-end process and not just outputs. Developing the right KPIs requires involvement from multiple levels of the organization and customers, and is an ongoing process that considers automation and focuses on key metrics rather than a comprehensive set.
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Agenda for Aftermarket Business Platform 2014, 21st-23rd October, The Grand Hotel Huis ter Duin, The Netherlands. To download agenda please visit: http://www.aftermarketeurope.com/
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Lippman Connects presents research on attendee acquisition and exhibit sales challenges and trends in this report. The presentation covers match-making and impact on sales, international marketing, and what's working in exhibit and sponsorship sales. View this presentation for benchmarking information, event trends and peer-to-peer learning.
Presentation on self-service and return on investment (ROI) by Spencer Newsham, Public Sector Account Director at LivePerson. Presented at Local Digital Futures: The Internet of Things & Local Public Services on 8 June 2015 in London.
The document provides analytics insights from a media campaign run from September through November 2016. It summarizes key performance metrics including enrollment numbers, website traffic, demographic insights, and impact of different media placements. The campaign led to a significant increase in monthly enrollments compared to pre-campaign levels. Digital advertising drove most enrollments, while print media had no direct impact. Certain digital placements like programmatic and Pandora audio performed best. Mobile conversions significantly outperformed desktop. Ongoing optimization of spend mix, placements, creatives, and targeting is recommended based on learnings from the analysis.
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Stephen Aris is an expert in user experience design, service design, and research who has led large-scale business transformation projects for many major companies. Over the past few years, he has acted as the lynchpin between businesses, users, and technology teams, increasing revenue and efficiency while reducing costs and risks. Some of the key clients and projects he has worked on include redesigning the National Apprenticeship Service's digital platforms, developing customer journey maps and recommendations for Waitrose, and leading major redesigns of online experiences for Bupa, House of Fraser, and National Grid.
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The State of the Industry, by Grass Roots Meetings & Events
1. grassroots.events
THE STATE OF THE INDUSTRY
Presented by Grass Roots Meetings & Events
Specialists in strategic meetings management and delegate management
5. grassroots.events
MEETINGS INDUSTRY REPORT
• In-depth look at key issues in the meetings industry
• Corporate benchmarking tool for meetings and events
procurement strategies
• Reliable statistics, facts and insight, and Grass Roots client
case studies
• 144 page report available in print and pdf
• Distributed to CEOs, procurement heads, training and HR
directors, and meetings and events buyers
6. grassroots.events
THE SURVEY
• 31 question survey carried out in March and April 2017
• Sent to 5,000 meetings and events professionals in UK,
Europe and US
• Corporates, agencies and suppliers
• 1,012 responses
• 76% UK & Europe, 24% US
7. grassroots.events
INDUSTRY SECTOR
38%
16%6%
6%
6%
3%
3%
3%
3%
16%
UK Corporates: Industry Sector
Financial Services
Professional Services
Leisure & Hospitality
Retail
Healthcare
Technology
Transportation
Utilities
Business Services
Other
56%
14%
10%
8%
5%
5%2%
US Corporates: Industry Sector
Financial Services
Professional Services
Retail
Other
Leisure & Hospitality
Business Services
Technology
16. grassroots.events
RATES - London
• Very static for both 4 star and 5 star market
• There were c. 140,000 rooms in March 2016
(up 18,000 since 2012)*
• c. 16,000 expected by 2018*
• Mirrored by the training venue market in
London which also remained static for the
past three years with an average rate of £61
*London & Partners / JLL Hotel Development Monitor, May 2016
17. grassroots.events
DURATION
• Average meeting duration up by .25
of a day since 2015.
• More international delegates
• Same period saw an average increase
of 9%, which equates to 3 delegates
1.2
1.3
1.4
1.5
1.6
1.7
2014 2015 2016 2017
Days
19. grassroots.events
LEAD TIMES
• 26% decrease – from 94 to 69 days overall
• Change most evident in Large meetings
o 270 days in Q1 2016
o 201 days in Q1 2017
• Medium-size meetings actually stayed quite
static, with only 5% decrease
0
20
40
60
80
100
Q1 2016 Q1 2017
21. grassroots.events
IMPACT OF BREXIT ON M&E
11%
3%
47%
39%
UK Corporates: Impact of Brexit
Positive
Negative
No change
Don't know
45%
22%
22%
11%
US Corporates: Impact of Brexit
Positive
Negative
No change
Don't know
22. grassroots.events
IMPACT OF US ELECTION ON M&E
3%3%
55%
39%
UK Corporates: Impact of US
Election
Positive
Negative
No change
Don't know
10%
10%
60%
20%
US Corporates: Impact of US
Election
Positive
Negative
No change
Don't know
23. grassroots.events
IMPACT OF TERRORISM ON M&E
22%
45%
33%
UK Corporates: Impact of Terrorism
Negative
No change
Don't know
10%
20%
60%
10%
US Corporates: Impact of
Terrorism
Positive
Negative
No change
Don't know
24. grassroots.events
M&E IMPACT ON EMPLOYEES
86%
3%
11%
UK Corporates: Impact of M&E on
Employee Engagement
Positive
No change
Don't know
70%
30%
US Corporates: Impact of M&E on
Employee Engagement
Positive
Don't know
25. grassroots.events
A SHIFT TO EMPLOYEE EVENTS
• A continuing shift in focus
towards events supporting
employee programmes (vs
customer programmes) over the
last four years
• With average delegate numbers
per event up over 18% with
average event spend up 47%
%ofemployeeevents
26. grassroots.events
AVERAGE CUSTOMER EVENT SPEND
• A massive three fold increase in the average
event spend for customer events in the last
five years
Averagespend/customerevent
27. grassroots.events
M&E IMPACT ON PROFITABILITY
73%
17%
10%
UK Corporates: Impact of M&E on
Profitability
Positive
No change
Don't know 60%
40%
US Corporates: Impact of M&E on
Profitability
Positive
Don't know
28. grassroots.events
DO YOU MEASURE IMPACT?
31%
25%8%
19%
17%
UK Corporates: Measurement of
impact of M&E
Yes - other KPIs
Yes - ROI
Yes - ROO
No - but plan to
No - no plans
40%
20%
10%
20%
10%
US Corporates: Measurement of
impact of M&E
Yes - ROO
Yes - other KPIs
Yes - ROI
No - no plans
No - but plan to
30. grassroots.events
TMC & MEETING CONSOLIDATION?
36%
8%
6%8%
42%
UK Corporates: Consolidated?
Consolidated
events and travel
Consolidated
travel, not events
Planning to
No intention
Don't know
20%
40%
10%
30%
US Corporates: Consolidated?
Consolidated
events and travel
Planning to
No intention
Don't know
31. grassroots.events
Supply Network Asset Type
Travel Flights/Trains/Taxi
Accommodation
Meeting Space
Function/Event Space
GlobalRegional
TMC Scope
Technology heavy – global, locally deployed
Meeting Venues
Training Venues
Apartments
Innovative
Venues
Restaurants
Meeting Space
Function/Event Space
Accommodation
Meeting Space
Function/Event Space
Accommodation
Function/Event Space
Meeting Space
TYPICAL VPA
Scope
Specialist
Technology,
knowledge
service,
consultancy
on mix
Regionally
deployed
Growth
Product
Leadership
Regional
Market Focus
Differentiated
Product
Operational
Excellence
Market Strategy
Hotels
Growth
34. grassroots.events
Artificial Intelligence
“Computer systems which are able to perform tasks normally requiring human
intelligence, such as visual perception, speech recognition, decision-making, and
translation between languages.”
• AI in events can help with:
• Personalisation – suggesting sessions or exhibitors based on
data profiles
• Streamlined customer service – people no longer want to
phone a help desk to speak to a person, they want instant
answers personalised to them
• Improved event experience – notifying the F&B company that
more bar staff are need as footfall has increased in that area
• South by Southwest® (SXSW®) – Abby the chatbot
35. grassroots.events
Hybrid events
“A hybrid event is a tradeshow, conference, unconference, seminar, workshop or
other meeting that combines a "live" in-person event with a "virtual" component.”
• Hybrid event utilisation remains steady, but there are many
benefits:
• Increased audience and reach – fresh ideas and perspectives
from audiences that may not be able to physically attend.
Potential for increased numbers.
• Cost savings – travel, venue, F&B are all potential saving areas
• Efficient – People are busy! Reduce the amount of time it
takes out of the office to get new ideas
• TED Cinema Experience – streamed the TED2017
conference to cinemas worldwide
36. grassroots.events
Integrations
“A set of clearly defined methods of communication between various software
components.”
• Critical to the future of the event industry:
• Increased insight – systems interacting with each other gives
opportunity for more insight in order to make informed decisions
(e.g. event data into CRM data)
• Innovation – integrating an existing platform with new
technology gives opportunity for new tech with decreased risk
• Enhanced delegate experience – Seamless interaction with
systems without multiple sign ups and usernames and passwords
• Reduce error – no manual data entry or spreadsheet upload
• Grass Roots and Client – Registration system integrated into
client environments and a variety of tools
37. grassroots.events
Event apps
• A multitude of providers at every price point, all
offering value to your audience:
• Convenience – content in a single place
• Green – no need to print schedules and collateral
• Increased engagement – some offer enhanced
features such as audience matching or
recommendation engines
• Increased revenue – content and sponsorship
opportunities within in the app
• Insight – a view of who is arranging meetings and
what content strikes a cord with the audience
• Coachella music festival – used app to suggest
artists and the location tracking for queue
monitoring at bars amongst other things
38. grassroots.events
Interactive signage
“Digital interactive signage uses technology to display content and allow audiences to
interact with it for a better more personalised experience”
• Prevalent in retail and will start to filter down to the events
industry more and more. Can offer a different way of providing
content and assisting the audience:
• Personalised experiences – allow attendees to get personalised
relevant information or directions quickly and easily
• Engagement – content and experiences can be dynamically
updated to keep audiences engaged throughout the event
• Insight – understand what people are looking at in order to make
informed decisions about your event
• Cleveland Museum of art – 40ft digital screen allowing the
audience to build and curate their own art experience
39. grassroots.events
Virtual Reality
“Virtual reality is an artificial environment that is created with software and
presented to the user in such a way that the user suspends belief and accepts it
as a real environment”
• Adoption slow as people figure out how to embed it, but
there are numerous benefits:
• Experience – can take an audience to another place or time
completely
• Increased audience reach – audiences can still experience
and event without being at the event location
• Potential cost savings- using VR for site visits would reduce
travel costs etc.
• YPO Edge conference 2017 – Mobileye used VR as part of
their keynote to simulate driving an autonomous car
40. grassroots.events
Tracking movement
“The use of technology to determine and track a precise location of a person or object.”
• Tracking locations of your audience at an event can offer great
insight, but you must have a plan to use the data:
• Increased insight – can see which areas people are interacting with
the most, which can aide floorplan formulation for future years
• Customer service – can monitor journey times to the venue and
give people updates based on this, proactively react to queues
• Additional content – location based marketing gives the
opportunity for extra content
• Staffing – opportunity to move staff to busy areas and potentially
save on staffing levels
• C2 Montreal – Klik platform with their new badge with built in
Bluetooth to track audience
41. grassroots.events
DATA SECURITY IN M&E
67%
33%
UK Corporates: Do you have data
security systems in place for
meetings and events?
Yes
No
67%
33%
US Corporates: Do you have data
security systems in place for
meetings and events?
Yes
No
42. grassroots.events
IMPACT OF CYBER SECURITY
14%
6%
49%
31%
UK Corporates: Impact of Cyber
Security
Positive
Negative
No change
Don't know
10%
10%
70%
10%
US Corporates: Impact of Cyber
Security
Positive
Negative
No change
Don't know