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September 28, 2016

Roundup: Meet Puerto Rico Reacts to ESPN Cancellation, IACC’s 2016 Trends

milton segarra

Today in the meetings and events industry, Meet Puerto Rico is reacting to ESPN’s decision to cancel The Tire Pros Puerto Rico Tip-Off, and IACC has released its Trends in the Conference Venue Industry 2016. Here’s what you need to know. 

Puerto Rico: ESPN Cancels The Tire Pros Puerto Rico Tip-Off

Milton Segarra, president and CEO of Meet Puerto Rico, has released a statement saying that the organization is “profoundly disappointed” with ESPN’s decision to cancel the upcoming The Tire Pros Puerto Rico Top-Off. 

ESPN moved the event, which was to be held November 17 - 20 at the Coliseo Roberto Clemente in San Juan, Puerto Rico, due to concerns over the Zika virus. 

While Meet Puerto Rico said it understands ESPN’s concerns, it noted that U.S. Centers for Disease Control (CDC) Director Dr. Thomas Frieden had said that the risk of Zika is “not high other than for pregnant women” during a period when other health experts had called for the 2016 Rio Olympics to be cancelled due to the Zika virus. 

Additionally, Meet Puerto Rico said that it continues to collaborate with the CDC and the Puerto Rico Department of Health to combat the virus and prevent its further spread. From March 1 through September 30, 2016, Meet Puerto Rico said it has hosted 132 groups with a total of 84,990 room nights and 211,000 delegates and, to its knowledge, none of the attendees has contracted Zika. 


Stats: IACC’s 2016 Trends in the Conference Venue Industry

In trend news, industry growth of the last four years continues, according to IACC CEO Mark Cooper in the organization’s 2016 Trends in the Conference Venue Industry. The report, which focuses on mall meetings-focused venues, indicates that IACC members have improved revenue, occupancy, rate and profit over the previous year. Additionally, for the second year in a row, IACC’s corporate meeting venue operators posted significant strong performance. 

The Average Daily Rate (ADR) for Corporate Conference Venues rose 4.5 percent to $108.23. Occupancy grew 1.7 percent year over year, with university and college properties repotting a 7.5 percent increase in annual occupancy year on year. 

In terms of bookings, direct bookings vs. third party-initiated bookings were slightly higher at 86.5 percent vs. 83.3 percent reported last year. Aggregate conference business increased from 59.6 percent to 69.9 percent, with the meeting industry recovery displacing commercial transient business and other types of business taken to fill inventory during periods of lower conference demand the IACC said. Digital marketing and online marketing were the most productive sources of qualified leads for IACC venues. 

Have a tip on major meetings and events industry news, or an inspiring story you’d like to share? Reach out at [email protected]

And keep visiting www.internationalmeetingsreview.com for the latest meetings and events industry news, trends and updates. 

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About the Author: Adam Leposa





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