By Don Douloff, January 29, 2009
All eyes are on the U.S. in 2009, as DMCs face challenges ranging from economic uncertainty, airline-service issues, currency shifts and the shift towards non-DMC alternatives for operating programmes, according to Global Events Partners’ annual survey of its partner DMCs worldwide. Overall revenues seem likely to decrease, according to the survey, which revealed that bigger meetings may face cancellation, and cutbacks in spend and size are likely.
On the bright side, DMCs are also poised to accept short-term bookings, expected to increase in 2009. According to the survey, the U.S. and China are solidifying their position as the world’s most desirable meeting destinations, with Greece, Spain and Prague emerging as hotspots.