This opinion piece by John MacMullen, Pyramid Global Hospitality's Director of Business Development, originally appeared on SmartMeetings.
Booking patterns for meetings are changing. While some organizations continue to reserve well into the next year, we’re starting to see more clients looking to lock in events just months or weeks out.
Why? The current economic landscape is impacting the way companies make decisions as executives weigh the latest data and other intelligence to help guide them. This shift is impacting planning timelines, which puts more pressure on meeting organizers who are tasked with coordinating in-person events and delivering on budget.
These short lead times can present a host of challenges to navigate. But there is a way to succeed—and even thrive—under compressed timelines. It comes down to being strategic, flexible, and proactive in your relationships with hotel partners.