Leading Meeting Professionals

Professional Convention Management Association

July 29 2012

Corporate Meetings Show Growth Despite Shaky Economy

Alicia Leonard

July 30, 2012

Economic indicators in the U.S. in mid-June—unemployment back to 8.2 percent, job growth numbers adjusted downward, manufacturing growth slowing, and gross domestic product projections down for 2012—all added up to pessimism about the speed and strength of the economic recovery in the U.S. Couple that with the upcoming presidential election and the continuing debt crisis in Europe, and you can see why uncertainty reigns in Corporate America.

Except, perhaps, when it comes to corporate meetings. “Although you hear negative statements about the economy, our conversations with clients reveal that meetings are increasing,” says Tony Wagner, vice president, CWT Meetings & Events, Carlson Wagonlit Travel, Americas. “The demand is there. Across the board, corporate customers are doing more meetings and are committing earlier.” Of course, when demand is up, he adds, “that provides a challenge from a pricing and availability standpoint. Even though new hotel room supply is up slightly, we are still near five-year lows.” More

Hall, A. (July 19, 2012). Corporate Meetings Show Growth Despite Shaky Economy. Retrieved 

July 30, 2012 from http://www.equities.com/news/headline-story?dt=2012-07-29&val=321017&cat=energy 

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