Not feeling the pinch yet
That’s what most of the event pros interviewed by Special Events magazine said in this article when asked if they’re feeling any pain from the financial situation we find ourselves in these days. The consensus seems to be that the pain will start to set in with the new year, since many budgets are already set for the remainder of ‘08. Then again, the Motivation Show that just wrapped up ended up with lower attendance numbers than originally projected. From a MeetingsNet article on the show:
- While pre-registration was up over 2007 numbers, said Pete Erickson, managing director, Hall-Erickson Inc., “verified attendance was down from 2007 … very disappointing. It appears that people were planning to come and then didn’t. The news of the day certainly didn’t help us.”
So, we continue to wait and see…
October 3rd, 2008 at 4:34 pm
Wow! Good to hear that some have not yet been affected! Expensive credit and bi-polar institutional investment portfolios have had many of our SiliValley customers sitting on the sidelines since May. Room revenue is down by 6% for 3Q. That doesn’t sound like a lot, but it translates into a greater margin loss.
A toast to the still-healthy; may you stay that way!
Tom
Tom Blackman
Director, Sales & Marketing
Seascape Beach Resort Monterey Bay
1 Seascape Resort Drive
Aptos, CA 95003
800-929-7727
831-684-4263 Direct
www.seascaperesort.com
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