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GlobauxSource is a worldwide leader in meetings resource management; providing personalized solutions

25/01/2024

IMEX America 2023 marks the largest in its 12-year history, with a 20% increase in exhibitor space and a 9% boost in booths – a total of 360! Over 70,000 meetings are planned between 4000+ buyers and 3,400 exhibiting companies.

The industry's robust recovery is evident, defying expectations post-pandemic. IMEX Group CEO Carina Bauer emphasizes the positive economic impact and the industry's role in fostering deep human connections.

Read the article: https://mitmagazine.co.uk/meetings/biggest-ever-imex-america-hailed-as-return-to-form-for-sector?utm_source=northstar&utm_medium=email&utm_campaign=northstar_travel_today&oly_enc_id=1427D3631190I9F

For more industry news, download our latest e-newsletter at globauxsource.com

23/01/2024

Hilton's Q3 results show a strong recovery in business travel demand, with business transient revenue per available room up 5% YoY. CEO Christopher Nassetta predicts an "upper single digits" increase in the average percentage index for 2024 corporate rates.

Group demand stood out, with an 8% YoY growth in group RevPAR, surpassing 2019 peak levels. On-the-books group business for next year is up 18% YoY. Hilton expects the return of large corporate groups in 2024.

Overall, Q3 metrics reveal growth in all RevPAR sectors, with systemwide RevPAR at $121.37 (up 6.8% YoY). Hilton's Q3 revenue was $2.67 billion, up 12.7% YoY. International growth, especially in Asia-Pacific, contributed significantly. The pipeline also grew by 10% YoY in Q3.

Read more: https://ow.ly/jh4550QrL5l

For the latest industry news ➡️download our latest e-newsletter by visiting https://ow.ly/XgbC50QrL5o

18/01/2024

According to Northstar Meetings Group, PwC's latest report on the hotel industry predicts a shift in outlook for 2023 and 2024. Declining occupancy and softened demand, impacted by economic headwinds and geopolitical tensions, are key factors. Despite a slowdown in leisure demand, room rates are expected to rise in Q4, driving lodging revenue.

Occupancy is projected to be essentially flat this year but may see a slight increase in the second half of 2024. Average daily rates are set to outperform expectations, rising 4.5% this year. However, growth is expected to decelerate in 2024. Group and business travel strength is evident, especially in the upper upscale and luxury segments.

For more industry news, download our latest e-newsletter ➡️ https://ow.ly/Vs5750QrKyZ

Read full article: https://ow.ly/CLTx50QrKz4

15/01/2024

Today, we celebrate an inspirational leader and champion of civil rights, known globally for his empowering speeches and unwavering advocacy for equality.

Let's remember the inspiring message of hope and resilience manifested by Dr. King. In the spirit of this day, may we strive to practice compassion and understanding towards one another and be actively involved in fostering unity throughout our communities.✊🏾✊🏼✊🏿✊

11/01/2024

Planning to make a splash at your next event? Brace yourself for skyrocketing prices on branded spaces! Here's the lowdown on how to negotiate and ensure your sponsor opportunities remain profitable:

➡️Branded flags, banners, and more are essential for creating an impact, but the price tag is soaring. For instance, wrapping a pillar can cost a whopping $1,500 per day!

➡️ Big hotel chains are tightening the reins on prices, making negotiation challenging. Meeting broker Tanna Pearman suggests addressing branding costs in the RFP process to secure concessions and minimize surprise costs later. Independent hotels might offer more flexibility.

➡️ Planning to use branded room keys or key envelopes? Factor in the additional costs in your pricing strategy. Engage in early conversations with venues to discuss branding opportunities and costs, helping you make informed decisions and charge sponsors appropriately.

➡️ Don't forget about branding spaces outside the hotel! Pitch the convention and visitors bureau for financial assistance, especially for locations like convention centers, airports, and streets around the facilities.

➡️ Not all branded spots are created equal. Choose locations that offer the most visibility, like banners behind registration desks. Prioritize wisely to get the most bang for your buck.

➡️ Whether showcasing a hometown or fulfilling specific industry desires, start conversations early with venues. Leverage factors that could give you negotiating power.

Strategic planning and savvy negotiation are your allies in a landscape where making a splash takes more cash. Read more: https://ow.ly/B7CX50Qm6GV

For more industry tips, download our latest newsletter: globauxsource.com

10/01/2024

Facing the challenge of rising costs, Maritz's October 2023 Industry Trends Report reveals key insights into the evolving meetings landscape. Here's a breakdown:

➡️According to Maritz's analysis, key meeting expenses have surged over 20%, outpacing the overall inflation rate. Notable increases include hotels/lodging, airfares, wages, car rentals, F&B, and entertainment.

➡️ High-end properties experience extreme price hikes due to strong demand from leisure travelers. Ultra-luxury hotels are up 43%, luxury up 36%, upper upscale up 23%, and upscale up 16% compared to 2019.

➡️ Organizations are adapting to higher costs without increasing meeting budgets. Mary Casey, Chief Client Officer at Maritz, notes that clients are living within their means despite budget strains.

➡️ Associations face planning hurdles like finding meeting space, inflexible contract terms, late registrations, and the impact of a polarized political atmosphere. Corporate planners contend with inconsistent plans, flat budgets, and increased scrutiny from legal and procurement departments.

➡️ While luxury-resort rate growth softens due to cooling leisure demand, business-group demand rebounds, favoring urban markets as travel returns to pre-pandemic patterns.

Maritz anticipates no price drop but notes a return to pre-pandemic travel demand patterns, with insights on generative A.I., engaging Gen Z attendees, and more covered in the full report: https://ow.ly/Hwoi50Qm6qE

🔗Visit globauxsource.com for the latest newsletter

04/01/2024

The 2024 Global Meetings and Events Forecast by American Express Global Business Travel unveils key trends from a survey of 500+ event professionals worldwide. Here are the top 4 highlights:

1️⃣ An impressive 84% of North American meeting professionals rate their optimism for the meetings industry in 2024 at 8 or higher (on a scale of 1 to 10).

2️⃣ Get the lowdown on 2024 per-person meeting costs! From incentive events to small meetings, the forecast breaks down costs to help planners benchmark budgets effectively.

3️⃣ While in-person meetings dominate globally, virtual and hybrid meetings still hold strong, with 19% of North American meetings going virtual in 2024.

4️⃣ Explore the tech landscape for 2024! Planners are gearing up for AI, with 42% of North Americans planning to use it. Mobile apps, on-site check-in tools, and QR codes also top the list.

5️⃣ Uncover the hurdles for 2024 planning! Rising costs (54%), location availability (44%), and budget cuts (39%) are among the top challenges for North American planners.

Download the full forecast from the American Express website: https://ow.ly/Uf6h50Qm69H
Visit the GlobauxSource website for our latest newsletter: https://ow.ly/ELVr50Qm69E

01/01/2024

Happy New Year from the GlobauxSource team 🥂

28/12/2023

We're thrilled to share our final newsletter of 2023! Stay ahead of the curve with the latest meetings and events industry updates by downloading our newsletter.

What's Inside:
✅ Exclusive Insights
✅ Industry Trends
✅ Expert Opinions
✅ And more!

Visit our website now to download your copy: globauxsource.com/tools/

25/12/2023

Happy Holidays 🎄🎁🥂

21/12/2023

🎙️ New Podcast Alert!

Listen to the latest episode of Relationships & Results with our host, Wayne Wallgren, in conversation with Jennifer Husbands, Director, Global Accounts at GlobauxSource.

Join us as we explore the nuances of raising a family, the journey of being a successful role model, and enjoying the savory moment of her recent recognition as one of the top 50 women leaders in Hospitality of 2023. Jennifer shares her thoughts on what it means to be part of the GlobauxSource team and its impact on shaping her perspective in today's world.

🎧 Click the link below to catch the episode: https://ow.ly/yeuk50QjWLu

19/12/2023

GlobauxSource attended the annual client holiday party at Renaissance Dallas at Plano Legacy West. 🎄Thanks to Renaissance Dallas for hosting a memorable evening filled with great company, delectable treats (make your own charcuterie board 🧀), and the spirit of the season. 🥂

14/12/2023

GlobauxSource Holiday Dinner Party at Bob's Steak and Chop House! What fun it was coming together!

12/12/2023

GloabuxSource Holiday Dinner! 🎄

07/12/2023

News from the October 2023 Northstar/Cvent Meetings Industry PULSE Survey:

Booking activity is on the rise, and planners are gearing up to boost budgets in the coming year to tackle rising costs. Here are the key takeaways:

➡️Planner booking activity is not just recovering from a late summer pause but surpassing last year's numbers!

➡️ The value of face-to-face events remains strong, proving that events exceed expectations.

➡️ Difficulties with supplier partners are being resolved, significantly improving planner/supplier satisfaction levels.

Get your free copy of the Northstar/Cvent Meetings Industry PULSE Survey report: https://ow.ly/9eF050QfiJr

05/12/2023

Celebrating the holidays in style with the GlobauxSource crew at the Annual Hyatt Hotels & Resorts luncheon! 🎁🎄🎅 This year's theme, "Neon Boots and Beats," brought a whole new level of fun to the festivities!

30/11/2023

GlobauxSource is your invaluable partner and advocate – an experienced industry ally, offering clients unparalleled service.

As the leader in meetings resource management, GlobauxSource understands the complexities involved in the meetings management process. We develop effective, cost-effective strategies and actions while focusing on our clients’ needs and objectives. With our diverse, extensive background in hospitality, meetings, and event experience and our combined talents and skills, our GlobauxSource team creates optimal outcomes for our clients.

We deliver the type of meeting experience that meets and exceeds your expectations – every time!

Learn more: globauxsource.com

28/11/2023

As a turnkey event solution provider, GlobauxSource focuses on being both an advocate and partner while providing value and expertise throughout the meeting process. Our goal is to be a trusted partner for customers and suppliers alike. Learn more at globauxsource.com.

23/11/2023

Happy Thanksgiving from the GlobauxSource Team!

21/11/2023

As the worldwide leader in meetings resource management, GlobauxSource is dedicated to providing successful meeting solutions tailored to your specific needs and designed to save you time, effort and resources. With our diverse, extensive background in hospitality, meetings, and event experience and our combined talents and skills, our GlobauxSource team creates optimal outcomes for our clients.

Discover the GlobauxSource Difference today by visiting our website: globauxsource.com

16/11/2023

One year into the generative AI era, the impact on business events is mind-blowing!

ChatGPT, the trailblazer that made AI accessible to all in November 2022. From day one, it amazed users with its human-like responses, sparking a global AI revolution. With 100 million monthly users within two months, it paved the way for A.I. tools like Bard, Claude, DALL-E, and more!

People worldwide, including event professionals, are diving into generative AI. Early adopters discuss how they leverage AI in their work--Spark is a cutting-edge meetings-specific A.I. platform ready to rock your events.

Continue reading: https://ow.ly/A9Za50Q8qI5

14/11/2023

Did you know that Washington lawmakers introduced the bipartisan FAA Reauthorization Act, paving the way for a safer, more advanced future in aviation? The bill allocates over $107 billion for FAA reforms, workforce development, airport infrastructure, and safety measures from 2024 to 2028.

Key highlights:
✅ $67.5 billion for FAA operations, ensuring safety programs and critical staff hiring.
✅ $18.2 billion for facilities and equipment, modernizing key technologies for airspace resilience.
✅ $20 billion for airport improvement grants, supporting over 3,300 airports nationwide.
✅ $1.8 billion for research and development, keeping America competitive in aerospace technology.

Senator Maria Cantwell emphasizes the bill's groundbreaking standards, including clear ticket refund policies for delayed flights. This legislation will boost aviation safety, workforce development, and consumer protection.

Read the full article ➡️https://ow.ly/1kFn50Q7rRq

Stay up-to-date on the latest news in the industry by visiting globauxsource.com and downloading our latest newsletter.

11/11/2023

Honoring all who served.

09/11/2023

The Incentive Research Foundation is launching "Accelerate," a fantastic opportunity for mid-level incentive, reward, and recognition professionals looking to advance in the industry.

Starting in 2024, this year-long program will provide 8-10 participants with mentorship from the board of trustees, involvement in research projects, and the chance to present their learnings to the board. Participants for the program will be announced in December.

✨Learn more: https://theirf.org/✨

➡️Visit globauxsource.com for the latest news by downloading our latest newsletter.

07/11/2023

🛫 TSA Reminder: As we gear up for a busy travel season, it's crucial to understand what's off-limits when flying. The TSA emphasizes that even if you possess a valid state permit to carry a firearm, it doesn't override federal air travel regulations. Fi****ms are strictly prohibited in carry-on bags.

Not just fi****ms; some seemingly harmless items like knives have surprised TSA agents at security checkpoints. So, remember, "Know Before You Go." Check TSA's website for the complete list of what you can and can't bring.

Packing smart and adhering to these guidelines will help speed up the security process and ensure a hassle-free travel experience for everyone. Safe travels! ✈️👜

Read full article: https://ow.ly/xepq50Q4AT8

For the latest news visit https://ow.ly/YLSx50Q4AT6 and download our latest newsletter.

02/11/2023

🎸🎵 Featured in our recent newsletter, we spotlight Nashville, the Music City! 🎵🎸

You'll find a world of inspiration in this creative haven, whether you're into music, art, history, food, sports, or fashion. Nashville truly has something for everyone.

Over recent years, Nashville has been making waves on the global stage with accolades and new additions to its charm. From luxury properties like the Four Seasons Hotel Nashville and The Joseph, to iconic music venues and world-class museums, the city's cultural tapestry continues to unfold.

Luxury hotels like 1 Hotel Nashville, Conrad Nashville, SoHo House, Grand Hyatt, W Hotel, and more have made their mark since 2020. The historic gem, The Hermitage Hotel, just underwent a multi-million-dollar renovation in 2022, and the Ritz Carlton is set to open in 2025. Beyond the city, you can enjoy wellness, nature, and culinary delights at Southall Farm & Inn with breathtaking farm views.

Nashville is an unforgettable experience for every traveler. Come and let the city's creative spirit sweep you off your feet!🌆

Visit our website to download the latest newsletter, where we compile stories curated just for 🔗globauxsource.com

31/10/2023

Exciting news for travelers! TSA is investing $1.3 billion to introduce high-tech baggage scanners at US airports. These scanners use 3D imaging technology, like CT scanners in hospitals, reducing the need to remove items from your bags. 🧳📱💼 Say goodbye to taking out laptops, liquids, and food items! This will save you time, especially with more people planning to fly. TSA is deploying these scanners at smaller airports across the country, making the travel experience smoother. ✈️ Read more: https://ow.ly/gl7V50Q0cR9

Download the latest industry news by visiting globauxsource.com

26/10/2023

Women We Admire Presents Top 50 Women Leaders in Hospitality 2023!

The women recognized have achieved significant accomplishments in various aspects of the hospitality industry, including brand architecture, sales and marketing, operations, sustainability, and media sales.

A special shout-out and congratulations to Jennifer Husbands, one of these phenomenal leaders. With an impressive 19-year career in the hospitality industry, she's proven her fortitude in operations and group sales. Jennifer's journey includes a substantial stint with Hilton Hotels and Resorts, where she ventured from an all-inclusive resort in Puerto Vallarta to a role as Senior Sales Manager at the Hilton Anatole in Dallas. Jennifer is now a Director, Global Accounts at GlobauxSource.

Jennifer's diverse background and extensive knowledge of group contracting make her an invaluable resource for her clients. Her commitment to ensuring her clients are exceptionally cared for is unwavering, and she takes immense pride in forging enduring partnerships with them. Her collaborative spirit shines as she works closely with stakeholders to cultivate innovative ideas, establish vital partnerships, and offer resources, support, and guidance to help companies and organizations achieve their goals.

Cheers to Jennifer's well-deserved recognition! 🥂https://thewomenweadmire.com/2023/10/23/the-top-50-women-leaders-in-hospitality-of-2023/

24/10/2023

🌍✈️According to the International Air Transport Association, global air demand is on the rise, nearing pre-pandemic levels:

✈️ Total May traffic increased by 39.1% YoY, reaching 96.1% of May 2019 levels.
✈️ International traffic surged by 40.9% YoY, hitting 90.8% of May 2019 levels.
✈️ Domestic demand continued to outstrip pre-pandemic levels for the second month in a row, up 36.4% YoY.

Planes were full, and the industry load factor reached 81.8%, with North American carriers leading at 86.3%. Asia-Pacific was a standout in international travel recovery, with demand soaring 156.7% YoY.

This positive trend is a promising sign for airlines' profitability, but it also raises questions about the aviation value chain's balance, particularly regarding airports' profits. The call is for governments to assess this dynamic. https://ow.ly/ulsk50Q0csh

✨ Want more industry tips? Visit https://ow.ly/C9LB50Q0csm and download the latest newsletter.

19/10/2023

🌐 Passport Update: For all travelers, here's some crucial news regarding passport processing that might affect your future adventures ✈️

The US State Department is working hard to return passport processing times to their pre-pandemic efficiency by the end of 2023. The frustrations stemming from extended waiting times for new passports have not gone unnoticed.

In summary:
👉 Routine processing now takes 10-13 weeks.
👉 Expedited processing (for an added fee) is projected to take 7-9 weeks.
👉 An online passport renewal system is in the works and is anticipated to be available by year-end, offering a more convenient option.

The challenges of disrupted travel plans due to flight cancellations and increased expenses have been widely reported. The State Department is allocating extra resources to tackle the surge in passport applications, with staff working tirelessly to help travelers get back on the road.

Updates on progress will be posted on the department's website, ensuring that travelers stay informed. ➡️https://ow.ly/r1Bm50PXB1o

🌎Want more industry tips? Visit the GlobauxSource website and download the latest newsletter.

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Planning to make a splash at your next event? Brace yourself for skyrocketing prices on branded spaces! Here's the lowdown on how to negotiate and ensure your sponsor opportunities remain profitable: ➡️Branded flags, banners, and more are essential for creating an impact, but the price tag is soaring. For instance, wrapping a pillar can cost a whopping $1,500 per day! ➡️ Big hotel chains are tightening the reins on prices, making negotiation challenging. Meeting broker Tanna Pearman suggests addressing branding costs in the RFP process to secure concessions and minimize surprise costs later. Independent hotels might offer more flexibility. ➡️ Planning to use branded room keys or key envelopes? Factor in the additional costs in your pricing strategy. Engage in early conversations with venues to discuss branding opportunities and costs, helping you make informed decisions and charge sponsors appropriately. ➡️ Don't forget about branding spaces outside the hotel! Pitch the convention and visitors bureau for financial assistance, especially for locations like convention centers, airports, and streets around the facilities. ➡️ Not all branded spots are created equal. Choose locations that offer the most visibility, like banners behind registration desks. Prioritize wisely to get the most bang for your buck. ➡️ Whether showcasing a hometown or fulfilling specific industry desires, start conversations early with venues. Leverage factors that could give you negotiating power. Strategic planning and savvy negotiation are your allies in a landscape where making a splash takes more cash. Read more: https://ow.ly/B7CX50Qm6GV For more industry tips, download our latest newsletter: globauxsource.com #EventProfs #EventBranding #NegotiationTips #SponsorshipOpportunities #EventPlanningTips

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