Meetings technology tracks budgets and spend for multiple
meetings that begin weeks, months and possibly years in advance of the event
date.
Pros & Cons: It's difficult to achieve real-time
visibility of meetings spend and to see overall spend once an event is over.
That said, more travel managers are partnering with their companies' meeting
teams on hotel sourcing. Understanding the full volume of meetings and
transient travel can transform negotiations. Accuracy can be difficult because
manual data entry is still common within meetings tools.
Access/Formats: Travel managers can obtain meetings data from
management tools either raw or in report format.