Meeting managers have enough to-do lists to worry about already, but MGM Resorts International’s Senior Vice President and Chief Sales Officer Michael Dominguez is adding six more items you ought to pay attention to. Take note of these points he made at Connect California this year.
1. South America is not an emerging market.
“Brazil’s economy is one of the worst in the world. It just threw its president out of office. Argentina defaulted on its debt, and Venezuela has one of the worst currency problems in the world. They’ll have an increase [in business] because of the Olympics this year, but it’ll decline in 2017.”
2. California’s drought is affecting you.
“Planners, your personal grocery bill is getting higher, but you’re expecting your hotel to give you a cheaper rate. Seventy-four percent of all lettuce comes from California; 90 percent of all tomatoes in the U.S. come from California. Yet you’re asking why the price of your Caesar salad is increasing in banquets.”
3. You need to be educated on Zika.
“Zika is this year’s Ebola. When it started, we weren’t concerned about it in the U.S. Now there are [very few] states in the country that don’t have a reported case of Zika. If you’re in the incentive market, I guarantee you’re going to have people asking you if [they] should be traveling to South America, especially if [they are] female millennials who are in their child-bearing years.”