Meeting Planners Under Increased Pressure To Show ROI
Meeting Planners Under Increased Pressure To Show ROI
HotelMarketing.com is an excellent resource of information for event planners as they look at how to best work with venues and facilities.
In April, they published the following with a keen eye towards the continuing pressures of meeting planners to ‘prove’ ROI. While we have a particular focus on ROA (Return on Action) as the only truly provable metric (Are Your Event Attendees Lying To You?), it’s intriguing to learn what, from a suppliers perspective, the critical measurable itemsare.

According to a new survey, the measurements most often requested of meeting planners include:
- event evaluations/satisfaction surveys
- net revenue
- attendance size
- room night count
- sponsorships
- ability to stay within budget
- rate of repeat attendance
- level of responsiveness to client needs and
- increased service per attendee per dollars spent.
Nearly half (49 percent) of the meeting planners attending the 10th Annual Hospitality Sales & Marketing Association International’s (HSMAI) Affordable Meetings Mid-America Conference & Exposition at Chicago’s Navy Pier, April 14-15, 2010, stated that they feel increased pressure to show metrics/statistics that attest to the success of events.
Industry professionals are paying more attention to ROI and outcome measurement, especially now that budgets are tighter and meetings are coming under continued scrutiny.
“Interestingly given the economy, price isn’t the critical deciding factor for meeting planners. Meeting planners are instead looking for value and a solid return on their investment. This year, they’re scrutinizing every detail of the cost in order to ensure they receive maximum value,” said Dr. James Houran, President of 20|20 Assessment™.
The top five factors surveyed planners said they use to select specific venues for events were (in descending order of average rating):
- size of the meeting space
- guest room cleanliness
- customer service
- location of the venue and
- price.
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