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March 29, 2016

Americas: Massive Demand, Little Supply: How to Deal With the Economics of Meetings Today

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Everyone knows the U.S. hotel industry is on fire, setting records in every metric in 2015. In his regular presentations at conferences around the country, Michael Dominguez, chief sales officer at MGM Resorts International, reviews those stats but cautions against seeing them as just the inevitable return to a seller’s market, as a cycle we’ve been through before.

Photo by Freeimages.com/Andrej Probizenski

Instead, he likes to tell audiences, “We’ve never been here before,” and then dig deeper into the data to prove it. At Pharma Forum 2016, taking place at the Marriott Marquis in Times Square March 20–23, Dominguez addressed more than 800 pharma and third-party meeting managers, hoteliers, and other suppliers gathered for the 12th annual event, which is co-organized by CBI and MeetingsNet. We’ve covered his synthesizing of world trends in a previous article. Here’s what else is on his radar screen now.

Read more at MeetingsNet

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