MarketID Market Pulse
10.2K views | +9 today
MarketID Market Pulse
News from the North American Global Meeting Community
Your new post is loading...
Your new post is loading...
Scooped by Michel Couturier
September 18, 2020 12:03 PM
Scoop.it!

How Top Meetings Destinations Are Handling the Pandemic and Preparing for Recovery | Northstar Meetings Group

How Top Meetings Destinations Are Handling the Pandemic and Preparing for Recovery | Northstar Meetings Group | MarketID Market Pulse | Scoop.it
Updated Sept. 16, 2020. Venues in Chicago, Las Vegas, New York City, Orlando, and Washington, D.C., have established coronavirus protocols and developed new programs to welcome groups back to town.
No comment yet.
Scooped by Michel Couturier
September 16, 2020 9:38 AM
Scoop.it!

This Is the Most Dire Prognostication on the Future of Airlines ... and Travel –

This Is the Most Dire Prognostication on the Future of Airlines ... and Travel – | MarketID Market Pulse | Scoop.it
If you think we at Skift — and me personally through my essays and posts on LinkedIn and elsewhere — have been dire and dour about how slow the recovery
No comment yet.
Scooped by Michel Couturier
September 15, 2020 11:47 AM
Scoop.it!

Zero-Attrition Offers Grow to Entice Group Business

Zero-Attrition Offers Grow to Entice Group Business | MarketID Market Pulse | Scoop.it
More and more hotels are announcing that they’ve waived attrition fees for event planners booking 2020 group meetings.
No comment yet.
Scooped by Michel Couturier
September 14, 2020 1:10 PM
Scoop.it!

The 10 Biggest Covid Myths Event Planners Need to Ignore

The 10 Biggest Covid Myths Event Planners Need to Ignore | MarketID Market Pulse | Scoop.it
Since the onset of Covid-19, myths about its origins and its very nature have abounded. In this article, we discuss 10 of the most stubborn misconceptions and why it’s important for event planners to see past the rhetoric. 
No comment yet.
Scooped by Michel Couturier
September 11, 2020 8:51 AM
Scoop.it!

Singapore Airlines Cuts 4,300 Jobs

Singapore Airlines Cuts 4,300 Jobs | MarketID Market Pulse | Scoop.it
Singapore Airlines, hobbled by the near disappearance of international and business travel, bowed to reality and said it would eliminate 4,300 jobs. Of these 2,400 will be lay offs and furloughs, with the balance accounted for through attrition, retirements, and a hiring freeze for open positions. Singapore expects to operate less than 50% of its …
No comment yet.
Scooped by Michel Couturier
September 9, 2020 8:50 AM
Scoop.it!

Scientific Meetings Going Virtual and Reaching the World

Scientific Meetings Going Virtual and Reaching the World | MarketID Market Pulse | Scoop.it
When scientific meetings go online, their audiences, as well as their potential for knowledge-sharing, grow exponentially.
No comment yet.
Scooped by Michel Couturier
September 9, 2020 8:32 AM
Scoop.it!

Marriott to Lay Off 17 Percent of Corporate Headquarters Staff in October –

Marriott to Lay Off 17 Percent of Corporate Headquarters Staff in October – | MarketID Market Pulse | Scoop.it
The world’s largest hotel company is slated to significantly streamline its headcount next month at its global headquarters in Maryland.
No comment yet.
Scooped by Michel Couturier
September 8, 2020 1:22 PM
Scoop.it!

The Case for Rapid Covid Testing to Accelerate the Event Industry's Recovery

The Case for Rapid Covid Testing to Accelerate the Event Industry's Recovery | MarketID Market Pulse | Scoop.it
As rapid testing debuts in airports, the events industry watches on to assess the implications for live in-person meetings. We spoke to Carlos-Henri Ferré of E25Bio, a company in the research phase of their own rapid test solution, to get his take. 
No comment yet.
Scooped by Michel Couturier
September 8, 2020 1:20 PM
Scoop.it!

Events Are Not Dead, But They Need to Change

Events Are Not Dead, But They Need to Change | MarketID Market Pulse | Scoop.it
Last week Skift’s CEO Rafat Ali published a piece on how the event industry is facing its Napster moment. Is the industry really doomed in favor of virtual events? Not really, but change is required.
No comment yet.
Scooped by Michel Couturier
September 8, 2020 12:58 PM
Scoop.it!

What Will Global Travel Manager CWT Do With $250 Million in New Capital? Get Smaller, For One –

What Will Global Travel Manager CWT Do With $250 Million in New Capital? Get Smaller, For One – | MarketID Market Pulse | Scoop.it
All change at the top for travel management company CWT, which has now restructured its operating division, weeks after raising new capital.
No comment yet.
Scooped by Michel Couturier
September 7, 2020 10:25 AM
Scoop.it!

COVID-19 and reimagining the tourism economy | McKinsey

COVID-19 and reimagining the tourism economy | McKinsey | MarketID Market Pulse | Scoop.it
As national borders consider reopening, a partnership between governments and the industry will be essential for the tourism economy.
No comment yet.
Scooped by Michel Couturier
September 7, 2020 9:37 AM
Scoop.it!

4 Ways Covid-19 Has Changed Event Sustainability

4 Ways Covid-19 Has Changed Event Sustainability | MarketID Market Pulse | Scoop.it
Event sustainability enjoyed a surge of support in 2019, featuring both in EventMB’s Megatrends and as a theme in IMEX America 2019.
No comment yet.
Scooped by Michel Couturier
September 2, 2020 10:05 AM
Scoop.it!

The Event Industry Is Being Confronted By Its Napster Moment –

The Event Industry Is Being Confronted By Its Napster Moment – | MarketID Market Pulse | Scoop.it
I won’t bury the headline: the vast, global events industry is going through its Napster moment through this pandemic, and is in denial on what this will
No comment yet.
Scooped by Michel Couturier
September 18, 2020 10:16 AM
Scoop.it!

Will Germany Deeming Trade Shows Essential Travel Fuel Recovery or Backlash? By Victoria Copans September 18, 2020

Germany has deemed travel for trade shows and exhibitions "essential" as of September 15th. This is a significant development for the global events industry that may help kick-start international travel for events around the world — if it lasts.

Germany has largely been at the forefront of the events indsutry's recovery from the pandemic, starting with its decision to exclude trade shows from banned mass gatherings back in May. In another major move this week, its Ministry of the Interior began categorizing travel for business events as essential.

This news comes as a welcome relief to many eventprofs, but it also raises questions of timing and necessity. At a time when case numbers across Europe are rising, business travelers are now joining healthcare workers and people in need of international protection as those considered to have an "imperative need to travel."

This means that all travelers can enter Germany in order to attend a business event, including those from areas that are considered high-risk. Upon entering Germany, attendees from these countries are required to provide their ticket to the event as well as proof that they have a meeting scheduled with at least one exhibitor during the trade show.

Encouraging and welcoming international travel to this extent is certainly an important step in the industry's comeback, but is it warranted this soon?

 

The Economic Importance of Trade Shows

Evaluating this decision by the German government brings us back to the hot-button issue of whether the economic risks of shutting down trump the health risks of reopening. Germany is the world's largest trade show market, so it makes sense that it has been so adamant about salvaging that part of its economy.

There is no doubt that these events are incredibly important. According to the AUMA, the Association of the German Trade Fair Industry, the estimated economic impact of cancelled and postponed trade shows in Germany as of July 31st was 18.5 billion euros.

Whether or not the economic impact is essential — or more essential than people's safety — is a complex question that has been the topic of countless debates over the last few months, but in this case at least, it seems that the economic benefits far outweighed the potential health risks.

 

The Virtual Alternative

It seems particularly difficult to justify the categorization of trade shows as essential given the recent proliferation of virtual events. Germany lifted restrictions several weeks ago for travelers from other EU countries and from countries that are not considered high-risk, so there was always the possibility of moving forward with a smaller in-person show, perhaps with a hybrid element for those unable to travel.

That said, trade shows have had a particularly hard time pivoting to virtual, so there may be more of an argument to be made for live over virtual for these types of events in particular. However, the tech is only getting better, and with a still largely unfamiliar virus on the loose, it is worth looking into as a viable alternative to meeting in person.

 

Will It Be Safe?

Perhaps the biggest question to consider following this announcement is whether it will be possible to maintain a safe environment at an international trade show taking place in the next few months.

We spoke to Matthias Schultze at the German Convention Bureau about the safety involved.

“According to an IPK International/GNTB study, Germany achieves the best score worldwide for low coronavirus risk from international travelers’ point of view. Health and safety for participants is a top priority when planning and implementing business events. To this end, congress centers, hotels and mobility providers have developed comprehensive hygiene and safety concepts. At the same time, official rules were established for business travelers and trade fair visitors from abroad in order to be able to act in the best possible way under the conditions of the 'New Now' and to ensure the health of all concerned.”

- Matthias Schultze, Managing Director, GCB (German Convention Bureau)

In terms of what that amounts to in practical measures, in addition to the now-normal social distancing and mask-wearing guidelines, travelers from high-risk locations — which are defined in part as areas with more than 50 new cases per 100,000 residents — will need to test negative for the virus or quarantine upon arrival (exact requirements vary by state).

However, there is an inherent flaw with the designation of at-risk areas, as we've previously explored. Even though the list is frequently updated, there will always be an inevitable delay. Although better testing capacity in many places significantly improves our ability to detect rising cases, we cannot know an area’s condition in real time.

This means that, in theory, an attendee could travel from an area where the virus is rapidly spreading but is not yet designated as a high risk area.

 

In addition, part of what makes the situation difficult to assess is the fact that the goalposts keep changing. Case in point: the AUMA reports that as of early October, quarantines of at least 5 days will be enforced even if a traveler tests negative upon entry.

ITB Berlin and IMEX Frankfurt are just two examples of German trade shows that confidently pushed forward with their plans to host physical events before inevitably having to cancel due to changing regulations and increasing outbreaks, so only time will tell whether these new measures remain both effective and realistic.

 

IN CONCLUSION

The coronavirus pandemic continues to rage across various parts of the world, and with schools reopening and travel resuming, the predicted second wave seems inevitable. Although we have more information about the virus than we did six months ago, the regulations and guidance are still changing frequently.

The decision by Germany to consider business travel essential seems slightly premature, but it will be an interesting case study in the coming months, and if it is indeed successful it may open the door for similar announcements in other countries.

No comment yet.
Scooped by Michel Couturier
September 15, 2020 2:43 PM
Scoop.it!

Global Travel Bans: 115 Worldwide Destinations Easing Covid Restrictions Says U.N, What To Know

Global Travel Bans: 115 Worldwide Destinations Easing Covid Restrictions Says U.N, What To Know | MarketID Market Pulse | Scoop.it
Of the world's travel destinations, 53% - led by Europe - have eased travel restrictions introduced in response to the pandemic.
No comment yet.
Scooped by Michel Couturier
September 14, 2020 3:04 PM
Scoop.it!

Cvent Trends: Smaller Meeting Sizes, Lower ADRs, Chain Scale Shift | Business Travel News

Cvent Trends: Smaller Meeting Sizes, Lower ADRs, Chain Scale Shift | Business Travel News | MarketID Market Pulse | Scoop.it
Many meetings since March have been canceled, postponed or moved to virtual platforms because of the Covid-19 pandemic, but about $2 billion worth of meeting requests for proposals during the second quarter of 2020 were sourced through meetings management company Cvent's network, Cvent senior director of analytics Jeffrey Emenecker said during the recent Cvent Connect virtual conference.  
No comment yet.
Scooped by Michel Couturier
September 14, 2020 10:30 AM
Scoop.it!

How an Incentive Group Met Safely for a Live Meeting in Aruba

How an Incentive Group Met Safely for a Live Meeting in Aruba | MarketID Market Pulse | Scoop.it
The Fields Group’s client wanted to reward its sales partners with a trip this year, despite the ongoing COVID-19 crisis. Here’s how they pulled it off.
No comment yet.
Scooped by Michel Couturier
September 10, 2020 11:14 AM
Scoop.it!

Live events face slow COVID recovery | Insurance Business

Live events face slow COVID recovery | Insurance Business | MarketID Market Pulse | Scoop.it
"It's going to be a while before the public is comfortable to join mass gatherings," says broker
No comment yet.
Scooped by Michel Couturier
September 9, 2020 8:49 AM
Scoop.it!

New Research Suggests Live Events Still Preferred But Digital Playing a Stronger Role | TSNN Trade Show News

New Research Suggests Live Events Still Preferred But Digital Playing a Stronger Role | TSNN Trade Show News | MarketID Market Pulse | Scoop.it
While live events continue to be overwhelmingly preferred, digital event elements have a role to play going forward, according to data from the ongoing Global Recovery Project conducted by event research company Explori in partnership with UFI.
No comment yet.
Scooped by Michel Couturier
September 8, 2020 1:24 PM
Scoop.it!

The Event Industry Is Being Confronted By Its Napster Moment –

The Event Industry Is Being Confronted By Its Napster Moment – | MarketID Market Pulse | Scoop.it
I won’t bury the headline: the vast, global events industry is going through its Napster moment through this pandemic, and is in denial on what this will
No comment yet.
Scooped by Michel Couturier
September 8, 2020 1:21 PM
Scoop.it!

Corporate Travel's Downturn Will Deliver This Financial Blow Across All of Travel –

Corporate Travel's Downturn Will Deliver This Financial Blow Across All of Travel – | MarketID Market Pulse | Scoop.it
Should the travel industry start worrying about losing business customers in the long term, and if so — what happens next?
No comment yet.
Scooped by Michel Couturier
September 8, 2020 12:59 PM
Scoop.it!

Even Smaller Events Will Have Crowd Management Guidelines

Even Smaller Events Will Have Crowd Management Guidelines | MarketID Market Pulse | Scoop.it
The American National Standards Institute (ANSI) just released crowd management guidelines, but what do these add when event occupancy numbers are at an all-time low? Event Safety Alliance VP Steven Adelman insists they’re as necessary as ever.
No comment yet.
Scooped by Michel Couturier
September 8, 2020 8:56 AM
Scoop.it!

The US Looks to Lose $155 Billion Without International Tourism in 2020

The US Looks to Lose $155 Billion Without International Tourism in 2020 | MarketID Market Pulse | Scoop.it
The World Travel & Tourism Council’s newest research and report on COVID-19’s economic impact upon the travel sector reveals some shocking losses for the U.S. economy.
No comment yet.
Scooped by Michel Couturier
September 7, 2020 10:18 AM
Scoop.it!

For corporate travel, a long recovery ahead | McKinsey

For corporate travel, a long recovery ahead | McKinsey | MarketID Market Pulse | Scoop.it
Business travel is critical to many travel providers but will take a long time to return to pre-COVID-19 levels.
No comment yet.
Scooped by Michel Couturier
September 3, 2020 3:36 PM
Scoop.it!

Destinations Going Digital Offer Event Planners Engagement and Inspiration

Destinations Going Digital Offer Event Planners Engagement and Inspiration | MarketID Market Pulse | Scoop.it
Even with many face-to-face events on hiatus, event planners still have to think about maintaining audience engagement while making plans for future in-person events. Destinations that wholly embrace the pivot to virtual respond to these needs by creatively adapting their core services to online platforms.
No comment yet.