PCMA/Amex 2010 Meeting Planner Intentions Survey June 15, 2010 ©2010 Ypartnership Objective Measure impact of the current economic and media environment on the booking intentions of meeting planners in 2010/2011 versus 2009 Type and frequency of meetings booked Anticipated changes in attendance Anticipated changes in budgets Venue selection Postponements/cancellations/re-bookings ©2010 Ypartnership Respondent Profile 505 professional meeting planners (North America) 56% association 44% corporate, incentive, independent and procurement specialists Vast majority (77%) had >10 years of meeting planning experience Almost half (44%) booked more than 20 off-site meetings during past 12 months Nearly half (49%) hold Certified Meeting Professional designation ©2010 Ypartnership Highlights Planning more meetings versus 2009 2010: net 15% increase (average of 17 meetings) 2011: net 24% increase (average of 17 meetings) Expectations for attendance versus 2009 2010: net 23% increase 2011: net 38% increase ©2010 Ypartnership Highlights 89% not planning to cancel, postpone or rebook any meetings in 2010/11 Versus 54% not planning to do so in 2009 Expected cancellation fees 2009: $81,000 2010: $7,600 2011: $3,500 ©2010 Ypartnership Highlights Venue selection 2010/11 versus 2009 Net Hotels: 25% Conference centers: 1% Net Convention centers: 4% Resorts: 7% Cruise ships: 15% ©2010 Ypartnership Highlights Hotel tier selection 2010/11 versus 2009 Net Mid-scale: 25% Upscale: 1% Net Upper upscale: 19% Luxury: 24% ©2010 Ypartnership Number Of Meetings Booked (2010 v 2009) 100% 9% 90% Average of 10 more meetings Average of 17 more meetings 25%† 80% 70% 47% 60% 50% 65%† 40% 30% 20% 44% 10% 10%† 0% 2009 2010 † Statistically significant difference from 2009 survey ©2010 Ypartnership Increase Stay the same Decrease Number Of Meetings Booked By Type Of Planner (2010 v 2009) 100% Average of 21 more meetings 90% 80% 15%† Average of 9 more meetings 37% 70% 60% 75%† 50% 40% 54% 30% 20% 10% 0% 9% 10% Corporate Association † Statistically significant difference between planner types ©2010 Ypartnership Increase Stay the same Decrease Number Of Meetings Booked (2011 v 2009) 100% 9% 90% Average of 17 more meetings Average of 12 more meetings 31%† 80% 70% 47% 60% 50% 62%† 40% 30% 20% 44% 10% 7%† 0% 2010* 2011 † Statistically significant difference from 2009 survey ©2010 Ypartnership Increase Stay the same Decrease Number Of Meetings Booked By Type Of Planner (2011 v 2009) 100% Average of 23 more meetings 90% 80% 21%† Average of 8 more meetings 43% 70% 60% 50% 71%† 40% 30% 52% 20% 10% 0% 5% 8% Corporate Association † Statistically significant difference between planner types ©2010 Ypartnership Increase Stay the same Decrease Reasons For Postponements/Re-bookings/Cancellations 89%† Not planning to postpone/cancel/re-book any meetings 54% 6%† 41% Current economic conditions 2010/2011 postponements/rebookings/cancellations 2009/2010 postponements/rebookings/cancellations 3%† Current downsizing/consolidation Current negative media coverage about the meetings industry 22% 1%† 8% 5% 6% Other 0% 20% 40% 60% 80% 100% † Statistically significant difference from 2009 survey ©2010 Ypartnership Change in Meeting Venues (2009 v 2010) 18%† 26% Cruise Ships 17%† Resorts 47% Decrease in bookings for 2010/2011 Decrease in bookings for 2009/2010 9%† Convention Centers 24% 8%† Conference Centers 27% 5%† Hotels 29% 0% 10% 20% 30% 40% 50% † Statistically significant difference from 2009 survey ©2010 Ypartnership Type Of Accommodations Booked (2010 v 2009) 28% Luxury 54%† 24% Upper Upscale 50%† Decrease in bookings for 2010/2011 Decrease in bookings for 2009/2010 12% Upscale 36%† 2% Mid-scale 9% 8% 9% Economy 0% 10% 20% 30% 40% 50% † Statistically significant difference from 2009 survey ©2010 Ypartnership 60% Annual Meeting Budget (2010/2011 v 2009) 100% 8% 90% 80% 25%† 36%† 25% 70% 60% 50% 50%† 40% 30% 49%† 67% 20% 10% 25%† 15%† 2010** 2011** 0% 2009* † Statistically significant difference from 2009 survey ©2010 Ypartnership Increase Stay the same Decrease Usage Of Alternative Meeting Methods (2009 v 2010) 52% 54% Online webinars 33%† Teleconferencing 48% 29% 30% Videoconferencing 26% 27% Hold face-to-face meetings internally 4% 5% Other 29% 25% None of the above 0% 10% 20% 30% 40% 50% 60% † Statistically significant difference from 2009 survey ©2010 Ypartnership 2010/2011 vs. 2009 2009/2010 vs. 2008 Portrayal Of Meetings In Media (2009 v 2010) 100% 90% 80% 53%† 70% 60% 72% Concerned Neutral Not concerned 50% 40% 23%† 30% 20% 10% 16% 24%† 12% 0% 2009 2010 † Statistically significant difference from 2009 survey ©2010 Ypartnership PCMA/Amex 2010 Meeting Planner Intentions Survey June 15, 2010 ©2010 Ypartnership