The exuberant predictions for year-upon-year increases in event business at hotels and resorts have checked out. Last year, a whopping 60 percent of our respondents expected a jump in event business in 2008, a figure that has fallen to 13 percent as the year draws to a close. Still, three-fourths expect 2009 to be as good as or better than 2008.
The entire report, which presents statistics broken out by property based on number of catering/banquet employees and by special event revenue, is available for a nominal fee from the Penton Research Department. To order online, click here.