imts_infographic.final
TRANSCRIPT
Centralized Event Planning & Management:
Of respondents who have a centralized structure for meeting planning and management, 84% can measure spend
Better enabling them to track ROI
STUDY DEMOGRAPHICS
ROCKY ROAD: INDUSTRY PRESSURES TODAY
HUGE OPPORTUNITY FOR SAVINGS EXISTS
TAKE THE HIGH ROAD TO SAVINGS
CONCLUSION:TIGHTER CONTROL, BIG DATA DRIVES SAVINGS
Sources1. Aberdeen Group, April 2010 – $8.8MM average spent annually by one (1) enterprise on meetings and events
2. Strategic Meetings Management: A Handbook of Emerging Strategies for the Next Generation of Meetings and Events Management, Aberdeen Group 2012
3. Source: Global Business Travel Association 2014 forecast
4. Strategic Meetings Management: A Handbook of Emerging Strategies for the Next Generation of Meetings and Events Management, Aberdeen Group 2012
5. Meeting The Challenge: BTN's 2012 Strategic Meetings Management Survey
6. Based on Lanyon customer results: 10-25% average in annual savings with event management software
201SVPs, VPs, Directors in charge of events
$1B+in revenue
HQ/Global operations
$1.768B1
Average these 201 spent on events annually:
North America
48%
1% 1%
18%
29%
52%
22%
43%
34%
66%unable to measure
meeting/travelspend vs ROI
at all times
unable to measuremeeting/travel
spend across entireorg at all times
Always Sometimes Never Don’t Measure Source: IMTS; N=201
52%
32%
14%
2%
84%47%
53%
Centralized Global Meetings
& Event Team
57%
33%
10%
0%
90%Centralized Meeting
Policy Initiative
51%
49%
Central Meetings Policy:
Of respondents who have a central meetings policy, 90% can track their spend
Better enabling them to measure ROI
g
g
YES
NO
YES
NO
Always Sometimes Never Don’t Measure Source: IMTS; N=179 [Yes (n=97); No (n=82)]
Always Sometimes Never Don’t Measure Source: IMTS; N=153 [Yes (n=79); No (n=74)]
Group travel spend to
jump 6+% in 2014336% of companies measure event ROI for meetings5
Top priority for 58% of companies: reducing costs4
Nearly 9% of the average organization's total budget is spent on meetings and events2
Amount these 201 study respondents could save with event management software.
Or up to
per company6$2.2M
ROI
BEST PRACTICES TO TRACK, MANAGE AND MEASURE MEETINGS & EVENT ROI Lanyon and International Marketing & Technology Solutions, Inc. (IMTS) teamed up to research how organizations track meetings and event spend and measure their return on investment.
$442M
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