Eggs, Texas and six more economic trends affecting meetings

ALHI President & CEO Mike Dominguez breaks down economic and hotel industry trends.

The Stand-Up November 19, 2024 Edited by Miguel Neves View in browser Hi there,   What do eggs, Texas, and meeting costs have in common?   Let me explain.   Planners are juggling some surprising economic shifts, and ALHI CEO Michael Dominguez shared eight economic trends impacting the meetings world.   From rising food costs to the growing squeeze on meeting space, the challenges—and opportunities—are piling up.   There is some good news, too. Internal meetings are getting more love than ever and business travel budgets are creeping upward. Also, Texas is becoming a financial powerhouse.   But while demand for events remains strong, hotel labor costs are skyrocketing, making rate negotiations more challenging than ever. Dominguez warns that compression is here to stay—at least until 2027.   For planners, these trends aren't just numbers—they're reminders to rethink, adapt, and get creative under pressure.   What are you seeing in your world? 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