CCoorrnneellll HHoossppiittaalliittyy RReeppoorrtt The Future odf Tradeshows Evolving Trends, Preferences, and Priorities by HyunJeong “Spring” Han, Ph.D., and Rohit Verma, Ph.D. Vol. 14, No. 513 JFuenberu 2a0r1y 42014 All CHR reports are available for free download, but may not be reposted, reproduced, or distributed without the express permission of the publisher Cornell Hospitality Report Vol. 14, No. 13 (June 2014) © 2014 Cornell University. This report may not be reproduced or distributed without the express permission of the publisher. Cornell Hospitality Report is produced for the benefit of the hospitality industry by The Center for Hospitality Research at Cornell University. Michael C. Sturman, Academic Director Carol Zhe, Program Manager Glenn Withiam, Executive Editor Alfonso Gonzalez, Executive Director of Marketing and Communications Center for Hospitality Research Cornell University School of Hotel Administration 537 Statler Hall Ithaca, NY 14853 607-255-9780 chr. cornell.edu Advisory Board Syed Mansoor Ahmad, Vice President, Global Business Head for Energy Gerald Lawless, Executive Chairman, Jumeirah Group Management Services, Wipro EcoEnergy Christine Lee, Senior Director, U.S. Strategy, McDonald’s Corporation Marco Benvenuti ’05, Cofounder, Chief Analytics and Product Officer, Mark V. Lomanno Duetto Bharet Malhotra, Senior VP, Sales, CVENT Scott Berman ‘84, Principal, Real Estate Business Advisory Services, Industry Leader, Hospitality & Leisure, PricewaterhouseCoopers David Meltzer MMH ‘96, Chief Commercial Officer, Sabre Hospitality Solutions Raymond Bickson, Managing Director and Chief Executive Officer, Taj Group of Hotels, Resorts, and Palaces Mary Murphy-Hoye, Senior Principal Engineer (Intel’s Intelligent Systems Group), Solution Architect (Retail Solutions Division), Intel Corporation Michael Cascone, President and Chief Operating Officer, Forbes Travel Guide Brian Payea, Head of Industry Relations, TripAdvisor Bhanu Chopra, Chief Executive Officer, RateGain Kimberly Rath, Founder and Chairman, Talent Plus, Inc. Eric Danziger, President & CEO, Wyndham Hotel Group Umar Riaz, Managing Director – Hospitality, North American Lead, Benjamin J. “Patrick” Denihan, Chief Executive Officer, Accenture Denihan Hospitality Group Carolyn D. Richmond ’91, Partner, Hospitality Practice, Fox Rothschild LLP Chuck Floyd, Chief Operating Officer–North America, Hyatt David Roberts ’87 (MS ’88), Senior Vice President, Consumer Insight and RJ Friedlander, CEO, ReviewPro Revenue Strategy, Marriott International, Inc. Gregg Gilman ’85, Partner, Co-Chair, Employment Practices, Davis & Michele Sarkisian, President, P3 Advisors Gilbert LLP Janis Nakano Spivack, Senior Vice President, Sonifi Solutions, Inc. Susan Helstab, EVP Corporate Marketing, Four Seasons Hotels and Resorts S. Sukanya, Vice President and Global Head Travel, Transportation and Hospitality Unit, Tata Consultancy Services Steve Hood, Senior Vice President of Research, STR K. Vijayaraghavan, Chief Executive, Sathguru Management Consultants Jeffrey A. Horwitz, Chair, Lodging & Gaming Group and Head, Private (P) Ltd. Equity Real Estate, Proskauer Adam Weissenberg ‘85, Vice Chairman, US Travel, Hospitality, and Kevin J. Jacobs ‘94, Executive Vice President & Chief Financial Officer, Hilton Leisure Leader, Deloitte & Touche USA LLP Worldwide Rick Werber ‘82, Senior Vice President, Engineering and Sustainability, Kirk Kinsell MPS ‘80, President, The Americas, InterContinental Hotels Development, Design, and Construction, Host Hotels & Resorts, Inc. Group Michelle Wohl ’94, Vice President of Marketing, Revinate Mark Koehler, Senior Vice President, Hotels, priceline.com Jon Wright, President and Chief Executive Officer, Access Point Radhika Kulkarni ’81, VP of Advanced Analytics R&D, SAS Institute Thank you to our generous Corporate Members Senior Partners Accenture Carlson Rezidor Hotel Group SAS STR Taj Hotels Resorts and Palaces Partners Access Point CVENT Davis & Gilbert LLP Deloitte & Touche USA LLP Denihan Hospitality Group Duetto Forbes Travel Guide Four Seasons Hotels and Resorts Fox Rothschild LLP Hilton Worldwide Host Hotels & Resorts, Inc. Hyatt Hotels Corporation Intel Corporation InterContinental Hotels Group Jumeirah Group Marriott International, Inc. McDonald’s USA priceline.com PricewaterhouseCoopers Proskauer RateGain ReviewPro Revinate Sabre Hospitality Solutions Sathguru Management Consultants (P) Ltd. Sonifi Solutions, Inc. Talent Plus Tata Consultancy Services TripAdvisor Wipro EcoEnergy Wyndham Hotel Group Friends Cleverdis • DK Shifflet & Associates • EyeforTravel • Hospitality Technology Magazine • HSyndicate • iPerceptions • J.D. Power • Lodging Hospitality • Milestone Internet Marketing • MindFolio • Mindshare Technologies • PKF Hospitality Research • Questex Hospitality Group The Future of Tradeshows: Evolving Trends, Preferences, and Priorities HyunJeong “Spring” Han and Rohit Verma ExECuTivE SuMMARy ar from supplanting trade shows, technology has augmented the shows’ interactive, Finformational aspect by increasing potential contacts and scheduling efficiency for participants. However, the tradeshow itself remains an essential vehicle for selling products and services, explaining and demonstrating the product, and creating lists of qualified buyers. Whereas the tradeshow exhibitors are focused on sales and prospects, this study finds a complementary set of goals by attendees, who are more interested in the show’s educational aspects (including learning about useful products). Successful execution of a tradeshow requires careful planning and coordination between different stakeholders (i.e., attendees, exhibitors, meeting planners, destination executives). In addition to integrating social media and mobile technology, tradeshows also are focusing on environmental sustainability and providing information for participants’ corporate-social responsibility interests. Based on focus groups, interviews, and a survey of over 2,500 tradeshow participants, the top reason for exhibitors to attend a show involves their sales goals, while the top purpose for attendees is education. Ironically, although a substantial number of tradeshow participants appreciate the available technology, another substantial group either doesn’t notice the technology or avoids using it. 4 The Center for Hospitality Research • Cornell University ABouT THE AuTHoRS HyunJeong “Spring” Han, Ph.D., is an assistant professor in the Faculty of Management and a research fellow in the Centre for Advanced Studies at National Research University’s Higher School of Economics, Moscow, Russia. She also serves as a research associate in the Center for Hospitality Research, Cornell University. Her current research interests include text analytics in social media, event management, and corporate culture in the hospitality industry. She has published in Cornell Hospitality Quarterly, Cornell Hospitality Report, Korean Journal of Hotel Administration, and Journal of Korean Convention Research. She received the “Best paper award for the year 2013” from Cornell Hospitality Quarterly, and “Educational Innovation Award” from National Research University HSE in 2014. Rohit verma, Ph.D., is Singapore Tourism Board Distinguished Professor and a professor of service operations management at the Cornell University’s School of Hotel Administration (SHA). He also serves as a visiting professor in the Johnson Graduate School of Management, Cornell University. Verma is currently the coordinator of SHA’s MBA – MMH dual degree program; undergraduate Latin Honors thesis program; and co-chair of the Cornell Hospitality Research Summit (chrs.hotelschool.cornell. edu). Prior to joining the Cornell faculty, he was the George Eccles Professor of Management, David Eccles School of Business (DESB) at the University of Utah. He has taught MBA and executive development classes at several universities around the world, including DePaul University, German Graduate School of Business and Law, Helsinki School of Economics, Indian School of Business, Korea University, Norwegian School of Logistics, Nyenrode University, and University of Sydney. He is the co-author of Operations and Supply Chain Management for the 21st Century textbook and co-editor of Cornell School of Hotel Administration on Hospitality: Cutting Edge Thinking and Practice, a professional reference book that includes works of several of his colleagues at Cornell. Verma has received several research and teaching awards including CHR’s “Industry Relevance Award” and SHA’s “Master’s Core Class Teaching Award” at Cornell; “Skinner Award For Early Career Research Accomplishments” from the Production and Operations Management Society; “Spirit of Inquiry Award,” the highest honor for scholarly activities within DePaul University; “Teaching Innovation Award” from DePaul University; and “Professional Service Award” from DESB University of Utah. Acknowledgment The authors would like to thank the ASAE Foundation (www.asaecenter.org) for providing research support for this project as part of their Sr. Partnership with Cornell Center for Hospitality Research. The authors would like to acknowledge the active collaboration from the ASAE Foundation’s advisory board members and several participating associations for facilitating survey data collection for exhibitors and attendees. The authors are especially grateful to Susan Robertson, Sharon Moss, and Chelsea Killam for their comments, feedback, and insights throughout the project, and to Monica Dignam for initiating this research project, performing data analyses, and providing the organizing principle that formed the basis of this research. A summary of selected results from this collaborative research is also available from the ASAE Foundation at https://mystuff.asaecenter.org/ebusiness/publications/publicationproduct?id=107816. Cornell Hospitality Report • June 2014 • www.chr.cornell.edu 5 CoRnEll HoSpiTAliTy REpoRT The Future of Tradeshows: Evolving Trends, Preferences, and Priorities HyunJeong “Spring” Han and Rohit Verma Despite the disruption of the internet, tradeshows continue to be a high-yield component of the travel and tourism industry. Tradeshow travelers are seen as having greater spending power than typical business travelers, and they typically spend a longer time at a destination than regular business travelers. Tradeshows remain important for manufacturers, suppliers, and service providers because of the opportunity to connect directly with a large number of current and potential customers at one location in a relatively short time. Since tradeshows are often organized as part of an association or industry conference or convention, participants also value the educational opportunities included in a show. 6 The Center for Hospitality Research • Cornell University Advances in information technology (notably, social There is, however, a growing body of research in this media) have created additional channels for marketing to area, based on initial work carried out by Oppermann and and communicating with tradeshow participants. Tradeshow Chon,1 which has examined the delegate attendance deci- organizers and participants are making use of such technolo- sion process2 and motivations for delegates to attend confer- gies as RFID (radio frequency identification), touch-screen ences.3 Studies have identified key motivators and consider- displays, computer simulations, and meeting scheduling ations for attendance, including personal and professional apps. Given these innovations, tradeshow organizers must development, networking opportunities, and cost, location, prioritize and select the options that best meet participants’ timing, and convenience of the conference.4 needs. Other headwinds facing tradeshow organizers are Papers published in recent years have considered the participants’ continued attention to the cost and environ- role of technology, social media, meeting scheduling, sus- mental impact of travel, which puts a greater focus on the tainability, and social responsibility related to the manage- shows’ sustainability efforts. ment of tradeshows. Given the changing landscape facing tradeshows, we Tradeshow organizers do far more than book a venue. wanted to address two research issues. We sought to estab- They also provide services for exhibitors during the show, lish benchmarks for the importance that participants accord as well as before and after the event. Attracting qualified to various tradeshow components and gauge the relative attendees whom exhibitors want to meet at the show is also importance of tradeshow selection criteria for exhibitors and an essential function for organizers.5 Arranged meetings of attendees. We also wanted to document the effects of partici- exhibitors and buyers who have indicated their interest in pant demographics on tradeshow selection and preferences. each other through hosted buyer programs have become an These variables are age, frequency of tradeshow visitation, important feature of many shows. career stage, and technology readiness. Background 1 M. Oppermann and K.S. Chon “Factors influencing professional confer- The meeting, incentives, convention, and exhibition business ence participation by association members: A pilot study of convention (MICE) generally comprises small to medium sized organi- tourism,” 26th Annual Conference of the Travel and Tourism Research Association, Mexico (1995). zations, and is not as formally integrated as many other in- 2 dustries. The sector does, however, maintain a high degree of J. Mair and K.Thompson “The UK association conference attendance decision-making process,” Tourism Management, Vol. 30, No. 3 (2009), continuity and consistency in what is a complex and diverse pp. 400-409; and H.Q. Zhang, V. Leung, and H. Qu, “A refined model area of business activity through ongoing exchanges among of factors affecting convention participation decision-making,” Tourism industry organizations and via regular forums. Management, Vol. 28, No. 4 (2007), pp. 1123–1127. 3 Tradeshow and MICE Research Trends L.K. Jago and M. Deery, “Relationships and factors influencing conven-tion decision-making,” Journal of Convention and Event Tourism, Vol. 7, Virtual technology has so far not supplanted the tradeshow’s No. 1 (2005), pp. 533-541; B. Rittichainuwat Ngamson, J.A. Beck, and J. chief purposes of offering face-to-face demonstrations of Lalopa, “Understanding motivators, inhibitors and facilitators of associa- tion members in attending international conferences,” Journal of Conven- products and services, allowing direct interaction with tion and Exhibition Management, Vol.3, No. 3 (2001), pp. 45–62; and D. potential customers, getting feedback regarding the product Severt, Y. Wang, P.-J. Chen, and D. Breiter, “Examining the motivation, on site, and providing educational opportunities in conjunc- perceived performance, and behavioral intentions of convention attend- tion with an association meeting. Exhibitors’ objectives for ees: Evidence from a regional conference,” Tourism Management, Vol. 28, No. 2 (2007), pp. 399–408. participating in a trade show include generating high-quality 4 leads, promoting corporate image, and maintaining contact Mair and Thompson, op.cit. 5 with current and prospective customers. Trade Show Bureau 1988; Gramnann 1994; Tanner, Chonko & Ponzu- rick, 2001; Morrow 2002; Smith, Hama & Smith 2003 Cornell Hospitality Report • June 2014 • www.chr.cornell.edu 7 Several researchers have identified the elements that delegate clusters based on age, gender, and education attract convention attendees to certain destinations. The fol- level.10 lowing seven factors were most frequently identified in this According to Lee’s study, meeting professionals per- connection: accessibility, affordability, attractions and enter- ceived social media (in this case, Twitter and Facebook) as tainment, availability of facility, destination image, quality of valuable tools for transforming a meeting into an interac- service, and safety and security.6 tive session.11 Technology in Tradeshows Environmental Sustainability in Tradeshows Tradeshows and the MICE sector generally have taken The conference and convention industry is well aware of increasing advantage of advances in information and com- the push for sustainability in the MICE industry segment.12 munications technology, with benefits for suppliers, buyers, In response to the demand by participants for information and intermediaries. On balance, we see tradeshows benefiting relating to carbon footprints and other sustainability issues from social media. Most events have adopted technology for surrounding meetings, the industry has developed such event registration and, as a result, many software companies websites as Sustainable Communities Network, BlueGreen have created a variety of internet-based registration systems Meeting, and GreenMeetings.com. In addition, many for use by meeting and tradeshow organizers. Most of these industry associations are implementing sustainable initia- software packages allow the organizer to create registration tives for their membership, including the Green Meeting spreadsheets, administer financial transactions, monitor ac- Industry Council, Professional Convention Management tual registration, and, in some cases, even enable the delegates Association, and Meeting Planners International. to print out their name tag in advance. With the constant Research Approach evaluation of internet-based database and search algorithms, a number of conference planning programs now offer powerful With these studies in mind, we sought to describe and search engines with extensive venue and supplier listings. quantify the relative importance of tradeshow selection criteria and to explore similarities and differences in the Role of Social Media in Tradeshows importance of technology and sustainability for tradeshow Given the advent of social media, one avenue for success at exhibitors and attendees. We first conducted two focus a trade show is finding a way to capture the attention of the groups in Washington, D.C., which included representa- largest number of attendees. Not only would social technol- tives from various tradeshow organizing associations, con- ogy make connecting in person at trade shows easier, cheaper, vention bureaus, and tradeshow organizers and attendees. and more efficient, but new technologies will continue to We then interviewed two dozen tradeshow participants support the organization, structure, and delivery of meetings. and destination, hospitality, and lodging executives. We People will continue to attend, of course, but touch screens, also examined the facilities at some of the largest conven- RFID, wireless internet access, virtual reality, and customized tion centers in United States and Europe. We used the re- apps will augment the tradeshow experience. sults of these focus groups and interviews to identify issues Networking and interaction opportunities are often cited that are of significant importance to tradeshow exhibitors as the most important benefits participants receive at trade- and participants. This allowed us to develop and adminis- shows.7 For exhibitors this means engaging in efforts to ex- ter a survey to find out more about tradeshow exhibitors’ tend one’s network of business contacts.8 Networking oppor- and participants’ considerations for selecting a tradeshow. tunities strongly motivate attendance at tradeshows, which is At the outset, the survey asked the respondents to one reason for the growth of hosted buyer programs.9 Beyond identify whether they were primarily a tradeshow attendee networking and contact development, different participants or an exhibitor, so that we could appropriately custom- have different purposes for attending. Mair maintained, for ize the wording on the rest of the survey. We asked the instance, that there are significant differences in conference respondents to report their attendance frequency and 6 H.E. Chacko and G.G. Fenich, “Determining the importance of U.S. 10 Judith Mair, “Profiling Conference Delegates Using Attendance convention destination attributes,” Journal of Vacation Marketing, Vol. 6, No. Motivations,” Journal of Convention & Event Tourism, Vol. 11 (2010), pp. 3 (2000), pp. 211-220; and M. Oppermann and K.S. Chon, “Convention 176-194. participation decision-making process,” Annals of Tourism Research, Vol. 24, No. 1 (1997), pp. 178-191. 11 Seungwon Lee, “To Tweet or Not To Tweet: An Exploratory Study 7 of Meeting Professionals’ Attitudes Toward Applying Social Media for W. Hultsman, “From the eyes of an exhibitor: Characteristics that make Meeting Sessions,” Journal of Convention & Event Tourism, Vol. 12, No. exhibitions a success for all stakeholders,” Journal of Convention & Exhibi- 4 (2011), pp. 271-289. tion Management, Vol. 3, No. 3 (2001), pp. 27–44. 12 8 M. Russell, “Convene”; Retrieved April 30, 2009, from Professional Oppermann & Chon (1997), op.cit. Meeting Planners Association; www.pcma.org/Convene/Issue Archives/ 9 Severt et al., op.cit. March 2008/Megatrends.htm. 8 The Center for Hospitality Research • Cornell University Exhibit 1 Sample profile (n = 2,527) Age distribution Exhibitors 20 – 24 years Attendees 65 years or Exhibitors 20 – 24 years 1% Attendees older 1% 65 years or 25 – 34 years7% older 10% 25 – 34 years 9% 15% 55 – 64 years 23% 35 – 44 years 35 – 44 years 20% 24% 55 – 64 years 32% 45 – 54 years 45 – 54 years 30% 28% Gender distribution Employment 60 70 60 50 50 40 40 30 20 30 100 20 to r ion ion t en ed r sec cat zat o y the te du an i ern m l o mp 10 iva , e rg ov f-epr me t o G el cad e S pro fi 0 A -on Female Male n Exhibitors Attendees Exhibitors Attendees Employment level Education 45 70 40 60 35 30 50 25 40 20 30 15 20 10 5 10 0 0 Entry level Mid level Senior level CEo other High school Some College post- owner grad college grad graduate partner degree Exhibitors Attendees Exhibitors Attendees costs associated with their tradeshow activity. We also asked We also drew data from a best-worst exercise (also them why they attended specific types of tradeshows and known as a max-diff exercise). As we describe later in this what types of information they received from the organiz- report, this approach is designed to provide an unbiased ers. Finally, we asked them specific questions related to such estimate of the relative preference ranking for a set of issues as technology, appointment scheduling, sustainability, alternatives. hosted buyer programs, and virtual expos. To determine participants’ general feelings about technology, we presented respondents with the ten-question Cornell Hospitality Report • June 2014 • www.chr.cornell.edu 9 percentage of respondents percentage of respondents percentage of percentage of respondents respondents Exhibit 2 Technology Readiness index Exhibitors Attendees Technology Readiness Index (TRI), which measures their Sample Demographics attitudes towards new technology based on four con- The sample represents a diverse group of respondents based structs—optimism, innovativeness, discomfort, and insecu- on several demographic characteristics, as shown in Exhibit rity. Based on their responses a TRI Index can be calculated 1. The ethnicity of the sample was not particularly diverse, for each respondent. This index can be helpful in segmen- though, with 86 percent of the respondents being Caucasian. tation and sub-group level analyses to identify causes for This may, however, reflect the larger populations from which any observed similarities or differences. Finally the survey the samples were drawn. Interestingly, the racial distribution included a battery of demographics-related questions. of respondents within the pilot survey and final survey was The survey instrument was first pilot tested by approxi- almost same. mately 500 respondents representing five different types of Most respondents are within the ages of 35–64 years old professional associations and comprising a diverse group of and fairly highly educated (a majority held at least under- tradeshow exhibitors and attendees. Based on those results, graduate college degrees). Most respondents are at least at we revised the survey and launched it to exhibitors and the mid-career to senior level within their organizations, and attendees from 26 different associations representing the approximately 23 percent are a chief executive or an owner majority of industrial sectors within the United States. On or partner. A tiny proportion of respondents are from out- average the survey took 25 to 30 minutes to complete. side the United States, because the survey was send primarily Results and Discussion to U.S.-based associations. Data collection. Distribution of our quantitative survey was Within the exhibitor sample a majority of respondents supported by the ASAE Foundation, which invited several are employed within the private sector, while the majority of of its partner associations to participate in the study by attendees are employed within the government, academic, distributing the survey to their members who had visited and not-for-profit sectors. Within both samples the gender tradeshows. With this assistance, we received 2,527 com- proportions are similar, at about a 55 percent to 45 percent pleted and usable responses. Although we had lists of ex- women to men. hibitors and attendees, we used the respondents’ declaration As shown in Exhibit 2, the distributions of participants’ about their status to finalize the lists. This meant reclassify- technology readiness index (TRI) are similar to a normal ing 10 percent of the respondents originally on the attendee distribution. The respondents with a TRI score of zero or less mailing lists as exhibitors, and moving about 35 percent of are classified as “low TRI” group, those with scores between respondents on the exhibitor mailing list to the attendee zero and 10 are classified as “mid TRI,” and those above 10 list for final analysis. Participating associations are listed on were classified as “high TRI.” Interestingly, the TRI distribu- page 19, at the end of this report. tion is similar for both exhibitor and attendee samples. 10 The Center for Hospitality Research • Cornell University number of respondents Exhibit 3 Frequency of annual tradeshow attendance Total Number of Tradeshows Standalone Tradeshows number of tArattdeenshdoewds attended Standalone tradeshows14.0 70.0 12.0 60.0 10.0 50.0 8.0 40.0 6.0 30.0 20.0 4.0 10.0 2.0 0.0 0.0 One Two - Three Four - Five Six or more One Two - Three Four - Five Six or more TradeshowExhsib iatorss paAtrtetnd oeesf a larger Exhibitors Attendees 50.0 conference Tradeshows with smaller conferneces Tradeshows with large conference Tradeshaotwtas cwhitehd small conference 40.0 25.0 30.0 20.0 15.0 20.0 10.0 10.0 5.0 0.0 0.0 One Two - Three Four - Five Six or more One Two - Three Four - Five Six or more Exhibitors Attendees Exhibitors Attendees Exhibitors Attendees Exhibit 4 Descriptive information regarding the tradeshow most recently attended # of Attendees at the most recent ntruamdbeesrh oof wat taetntdeenedsed 10000 or more 18% 500 or less 25% 7500 4% 5000 8% 4000 1000 # of exhibitors at the most recent 5% 13D% uration of the most recent tradeshow tranduemsbheorw of a etxtheinbditoerds 3000 Five days or aDtutreantidoned 600 or more 7% 2500 2000 1500 more 5% 8% 7% One day or less10% 5% 14% 500 50 or less 5% 28% Four days 400 13% 6% 300 Two days 11% 30% 200 100 Three days 17% 23% 38% Cornell Hospitality Report • June 2014 • www.chr.cornell.edu 11 % Responpdeernctesntage of respondents % Respondents % Respondentpsercentage of respondents % Respondents Exhibit 5 Reasons for tradeshow attendance Exhibitors Attendees 90 80 80 70 70 60 60 50 50 40 40 30 30 20 20 10 10 0 0 nd ds ers ces ce ns on ns ns ns n s ts rs s a a i n p s ce n es ns ns ns te br le pe rv ge n ssi o ssi ssi o so so io ucs es d pe ssi o shi n io c o oge ss cti as as as o ciaa a o n i e a ote i e tin g y e l str d s tel l s e se se r re l re l se pr try se tio el l s r r a r a a t s r a t a t p al al re r re o ass om rke e r r a ind u e e ts an n a e e ve i tio n rat oth ot h son r tio n tes dun th re l in atea i o e s ion on th , o o p m th uc titi ca d e l or pe ca e ith or do r e r b s s o r T ti tiv de rk es ra pe n e elo p wi od e u o s , u th r p ed r m he on ed ut k w e s n e o h ve p r m hm pr of or ar t ev ork e p om d o ec ti d o r ec m f p c c g o o nc d o r n e, o etw du er tt en iont sp e a lo c att en ab o tw spe ti n is er c o s T ti on be n f ati ou o n ntr o th o a ta d e r n ne d x th ta To tio oc sp T i ga T seno tte n th To lea To e en e ga en ca e l ny To T pre a i sit To at t nc o v o ha T o res lo T p the isit th pa a T To en a m it v ve To ive vis To ac co i o To g o gT T o T Exhibit 6 Tradeshow Attendance Patterns As shown in Exhibit 3, the respondents (both exhibitors information provided by tradeshow organizers and attendees) attended several tradeshows each year. They attended standalone tradeshows, tradeshows that are part 90 of large conferences, and tradeshows with smaller confer- 80 ences attached to them. Approximately 50 percent of the 70 tradeshows attended by the respondents had 2,000 or fewer 60 attendees, but approximately 20 percent had at least 7,500 50 attendees. Similarly, approximately 50 percent of the trade- 40 shows had 100 exhibitors or less, but 20 percent had at least 30 400 exhibitors. Most of the tradeshows were scheduled to last 20 two to three days. Exhibit 4 summarizes the data regarding 10 tradeshow attendance. 0 s s s s Exhibitors and attendees cited substantially different rea-o e n n in f du l e e r r de de ito to o o i es ts le n e n n ib ibi a ti ati ivi t me n ed u sons for their attendance, as shown in Exhibit 5. The exhibi- tio sch tte tte xh xh rm rm ct t ch tra nt r a a n s r a f e r e o o i inf f l l tors primarily attend tradeshows to promote their brands, to gis ve the the t o fo el al in na o ao pap on re r e f o r o lis ion ot loc at i or ers enhance relationships with existing partners, and to develop ce o o fo at d h d cren m s gs p re a ra e on rm an a n r re tin g new market leads. The attendees, on the other hand, attend nfe rog na m ati nfo elv ndi u l o e in Co p rm t ra ro ra m e uil d tradeshows to attend educational sessions, to learn about the nfo ta c T ckgi n ul tu ing t b t o a C u l oud latest products and services, to network with industry peers, B b nta c C e a o sc h fo and to attend panel discussions and workshops. It is also C r in fo fo clear that neither the exhibitors nor the attendees travel to in the tradeshow locations primarily for recreational purposes Exhibitors Attendees or for personal reasons. Exhibit 6 shows the frequency and type of information provided by the tradeshow organizers to the attendees and exhibitors. While there are slight differences between the two 12 The Center for Hospitality Research • Cornell University percentage of respondents percentage of respondents percentage of respondents Exhibit 7 Meeting and appointment scheduling Software was provided for scheduling meetings Contact information was provided and i scheduled my own meetings Software solution was provided for developing personal schedule Event program was provided and i developed my own schedule Conference organizers facilitated interactions Exhibitors Attendees Social media were integrated with conference management system 0 10 20 30 40 50 60 70 percentage of respondents Exhibit 8 Technology options at tradeshow attended most recently Wi-fi internet access at event location video displays at event internet café at event location Mobile apps for smartphones or tablets Social media integrated with event website Touch-screen displays at event QR codes used at event Event website configured to provide customize information virtual displays of exhibitors RFiD on event badge Exhibitors Attendees Matchmaking software for scheduling meetings and appointments 0 10 20 30 40 50 60 70 80 percentage of respondents sub-groups, both exhibitors and attendees receive informa- we asked the respondents if they are familiar with a hosted tion about event registration, schedule, lists of exhibitors, buyer program, we found that a majority of respondents travel and hotel information, and locational details. Rela- were either not familiar with the hosted buyer program or tively smaller percentages of respondents indicated that they were not sure. received information about scheduling meetings with other The respondents were asked to indicate the technol- exhibitors or attendees or building a personalized schedule. ogy and environmental sustainability options available at The respondents who indicated that they have received the most recent tradeshow they attended (see Exhibits 8 information about scheduling meetings were asked follow- and 9). It is interesting to note that compared to attendees, up questions about the type of resources available for doing a higher proportion of exhibitors indicate the presence of so. As shown in Exhibit 7, about 80 percent of the attendees various types of technology and environmental sustain- and 60 percent of the exhibitors responded that a software ability options. Responses from both segments indicate that solution was provided for scheduling meetings and appoint- the availability of wi-fi, an internet café, and video displays ments. The other options were not checked by a majority have become common technology options at tradeshows. A of respondents, indicating that even now the exhibitors are large proportion of respondents also indicate the availability mostly left on their own to schedule meetings and to develop of mobile apps and integration of social media within the their conference plans. As another follow-up question, when tradeshow offerings. Newer technologies such as QR codes Cornell Hospitality Report • June 2014 • www.chr.cornell.edu 13 Exhibit 9 Sustainability options at tradeshow attended most recently on-site recycling programs Reduced amount of paper for handouts and flyers Reusable and environmentally friendly display items lEED certified event facility Energy efficient lighting Motion sensors for controlling lighting and climate control other Electric or hybrid transportation at the event Exhibitors Attendees programmable temperature control 0 10 20 30 40 50 60 70 percentage of respondents Exhibit 10 Tradeshow participants who did not use available technology 25 20 15 10 5 0 sit e on etsi l nt s rs n n e t t nt eb at tab m e ibi to tio tio dg nve ve n ve t w orm a a a e e e f or n oin t h lo c loc t b t t t e in es x n p f e en t en t ve sed a s a s a ev d on ap s o ev ev n e u spl ay pla y ith mi ze d y rtp h an pla s a t s é a t iD o e od o d i s w s s f F n di d sto a gs i e a R c de ee rat e u e c or sm n l d cc c R i r g d f ee ti t Q v c e i s m irt ua et a n ern e uch -s nt v r ia i o pr ap p v t lin g int e in To me d to bil e u ed i-fi l cia ur ed Mog r s ch W So fi fo co n te a re tw Exhibitors Attendees eb si sof w g en t in v a k E atc hm M are also being used but the proportion of tradeshows using LEED certification in buildings, and use of energy efficient RFID technology and matchmaking software for scheduling lightings. Respondents didn’t notice most of the other forms meetings is still low. of environmental sustainability options. Within the sustainability options, a significantly high As shown in Exhibit 10, up to 20 percent of the re- proportion of exhibitors indicated the presence of onsite spondents reported that they personally did not use certain recycling programs and an emphasis on reduced amount of technology options, notably, social media and the internet paper for flyers and collateral. They also indicated the use café. These results are consistent with the percentage of of reusable and environmentally friendly display products, respondents who scored low on the technology readiness 14 The Center for Hospitality Research • Cornell University percentage of respondents Exhibit 11 participants’ assessment of tradeshow technology 4.5 4 3.5 3 2.5 2 1.5 1 ites ion let s nts ors ion ion e t t t b at b e it at t d g en na a v ve ve n we rm r ta ntm hi b loc oc t b t e l t e t e nt i x ne inf o s o po f e nt nte e e ve sed a s a s ay y h e v n p o v v e la la it ize d hop nd a s e lay at at e on es u p dis dis p w t a s iD d ed ust om ar p e o n t sm ing s s s f F o c t l di cce ca R R c ide ree gra e d fo r ee irtu a t a tne Q ve h- sc nte vi ps m v er n nte r c ou dia i pro ap lin g in t i T me d to bil e du -fi o he Wi oci al ure M sc fig forS co n are te tw bsi sof Exhibitors Attendees we g nt ine ak Ev atc hm M Exhibit 12 participants’ impressions of sustainability options 4.5 4 3.5 3 2.5 2 1.5 1 ms ms rs nt g ol ole ty ite gra fly ev e tin tr tr ili lay ro nd he t li gh e c on co n c fa isp t d ng p s a t t en att tu re en ly iycl udo ion a cifi clim v d c t f e ra d e ien re anh rta rgy e nd mp a e tifi e ly fr e t r l n-s it o gfor sp En e tin ble ce nta o e r D ap tr an lig h ma lEE nm e p rid ng ramf b li g vir o nt o r h y u ntr ol n o p ro o nd e o c am r i r c Exhibitors Attendees le a ced Ele ct fos sab ed u sor eu R se n R oti on M Cornell Hospitality Report • June 2014 • www.chr.cornell.edu 15 Rating (5-point scale) Rating (5-point scale) Exhibit 13 Sustainability options and satisfaction with tradeshow 70 Exhibitors Attendees 60 50 40 30 20 10 0 Strongly Fairly neutral Fairly Strongly negative negative positive positive Exhibit 14 Costs for tradeshow exhibitors $8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 ion ion s s n s g s g s s at t t cat c os cosl at io e e fe rki n pl kinr vit ie ost tin c s t lo ot e ing gis tr ibi t pa sa m wo i h d t ac t the r t d e en d h di n re ex d an an ne a l n o ve n ev an nd t d e g a e n v an tic s, , ifts an d pti o l to e at th gin od E s s d Fo oo th i g o e n o B , lo g s, ntl v l t ria cli e Tra ati o rt rei gh ate ng F m in i nsp o otho ter ta Tra B En index. The respondents who did use the technology and lodging, dining, and registration were their main costs sustainability options indicated a high degree of positive (Exhibit 15). feelings about them (most of the ratings were close to four Best-Worst Exercise Results on a five-point scale, Exhibits 11 and 12). While the impact of sustainability options on the decision to attend a trade- Respondents in the best-worst survey are presented with show was mostly neutral, sustainability had a slightly higher a series of lists of factors, and in each list they are asked to positive impact on satisfaction (Exhibit 13). indicate the best item and worst item on the list—in this case, Regarding the overall cost of tradeshow attendance, tradeshow selection criteria. In our survey, the respondents booths were the single item that cost exhibitors the most were shown six experimentally generated best-worst screens, money (average over $5,000, see Exhibit 14), followed by each with a list of eight criteria for selection of tradeshows. freight, logistics, and parking, booth materials, gifts, and On each screen, the respondent was asked to identify the samples, and networking and entertaining clients. Other most important criterion and the least important criterion costs were also substantial. These included additional booth- in the list that was displayed. The experiment was designed related expenses, insurance, costs for entertaining clients or in such a manner that each respondent saw a completely dif- customers, freight, leisure activities, shopping for tradeshow ferent sequence and mix of criteria in each list. Furthermore, attire, and sponsorships. The attendees indicated that travel, we ensured that on average each criterion appeared an equal 16 The Center for Hospitality Research • Cornell University percentage of respondents uS $ Exhibit 15 Costs for tradeshow attendees $600 500 400 300 200 100 0 tio n on sts sts on ies sts ina oca ti co i t co t l tel ng str at ivi cor es nt ho ini g i act he d re al ot en t ev e nd d d nt ion ev e th g a an ve pt l to at dg in od E o ve on lo F o Tra atirt nsp o Tra Exhibit 16 Sample best-worst exercise panel Considering only the following 8 features of a tradeshow, please indicate the one that is least important and the one that is Most important to you. least Most important important  use of technology at the event   use of social media   The quality of speakers and panels   large number of attendees   Attractive event location for business purposes   Availability of advance information about the event   East of transportation at the event location   Topics of talks, panel discussions or workshop/education  number of times for each respondent. A sample best-worst sis, shown in Exhibit 17, again highlights the significant exercise screenshot can be seen in Exhibit 16. Our best- differences between preferences of attendees and exhibitors. worst analysis asked respondents to evaluate 22 criteria for Although there are points of overlap in the rankings of at- meeting attendance that we had identified in the literature tendance criteria, the utility scores are widely divergent. The review and our qualitative research. We calculated the top criterion for exhibitors is a large number of attendees, relative utilities of each criterion using a multinomial logit by a wide margin, followed by affordable event registration model, and we standardized estimated utilities between zero costs and topic of talks, panel discussions, or workshops. For (low utility) and one (high utility). attendees, the top three attendance criteria for a tradeshow The best-worst analysis results largely reinforce the find- are quality of educational programs, topic of talks, panel dis- ings of the questionnaire section of the survey. This analy- cussions, or workshops, and quality of panelists or speakers. Cornell Hospitality Report • June 2014 • www.chr.cornell.edu 17 uS $ Exhibit 17 Best-worst scores on tradeshow attributes for attendees and exhibitors large number of attendees Affordable event registration cost Topics of talks, panel discussions, or workshops Quality of educational program offerings Quality of speakers and panelists location of event Timing of event Availability of advance information about event large number of exhibitors Affordable transportation and lodging cost Attractive event location for business purposes Ease of travel to event destination new product or service demonstrations at event Duration of event Ease of transportation at event location use of latest technology at event Hosted buyer program Attractive event location for recreational purposes Exhibitors Attendees personalized meeting scheduling software use of social media Environmentally sustainable practices at event Tour or recreational program at event 0 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 utility scores Note: Additional segment-level best-worst results are presented in another article derived from this research project, forthcoming in the August 2014 Cornell Hospitality Quarterly: “Why Attend Tradeshows? A Comparison of Exhibitor and Attendee’s Preferences,“ by HyunJeong “Spring” Han and Rohit Verma (cqx.sagepub.com). Note that the utility for the “topic of talks” criterion is much In conclusion, we first notice that there is consider- lower for exhibitors than for attendees. Exhibitors were able synergy between the past research and our analysis. then looking at location and timing of the event, and even Throughout all aspects of our investigation, it became clear whether there would be a critical mass of exhibitors (which that the basic objective of a tradeshow remains unchanged— would attract more attendees). Attendees, on the other hand, that is, to facilitate interaction between exhibitors and were more interested in costs and new-product demonstra- attendees so that all participants can have a better business tions than the exhibitors. outcome. This overarching purpose was mentioned repeat- Discussion and Conclusions edly in the papers we reviewed, during the focus groups and interviews, and also in the best-worst results. This study gives us some indications of the future of trade- Second, we notice clear and sometimes substantial shows. They are by no means going to be replaced by tech- differences between exhibitors and attendees with regard to nology, but it’s clear that technology will be a larger part of reasons for attendance, cost, usage and preferences for tech- future shows and will augment the participants’ interaction. nology, scheduling and sustainability options, the relative We now have a benchmark for current practices, and we importance of criteria for tradeshow selection, and relative have identified the relative importance of different criteria utilities of various tradeshow attributes. Taking their demo- for tradeshow selection, by quantifying the relative utilities graphic differences into account, these results suggest that for different attributes of a tradeshow. exhibitors and attendees are fundamentally different groups 18 The Center for Hospitality Research • Cornell University that attend tradeshows with different mind-set and objec- tives. That said, both groups must attend and be satisfied to create a successful tradeshow, which means that organizers Organizations supporting this research have a complex task of managing the needs and expectations of these two complementary groups. • ASAE – participants at MM&C Conference Third, we notice a clear synergy between a tradeshow’s • American Academy of Pain Medicine educational components and those of the conference or • American College of Health Care Administrators convention connected to the show. Although education • American Optometric Association did not come out as strongly in other parts of the study, the best-worst results indicate the importance of speakers, top- • American Society of Health-System Pharmacists ics of talks, and education for both attendees and exhibitors. • American College of Rheumatology These result confirm the associations’ approach of connect- • American Occupational Therapy Association ing tradeshows with their annual meetings or conferences • American Society of Civil Engineers for better attendance. Since educational components are positively viewed by both attendees and exhibitors, they • American Speech-Language Hearing Association may provide opportunities for improving overall participant • Association Execs of North Carolina satisfaction. • Association Forum of Chicagoland Finally, we notice a mixed set of results for technology, scheduling, and sustainability options. Even though these • Awards and Recognition Association (ARA) features are an important consideration for both attendees • Canadian Institute of Plumbing & Heating and exhibitors in the tradeshow decision, their relative utili- • Ceilings & Interior Systems Construction Association ties are not as high as the core components of a tradeshow • Construction Specifications Institute (namely, location, cost, duration, number of attendees, and number of exhibitors). We also notice that these features • Georgia Society of Association Executives currently exhibit similar utility levels. These results indi- • Illinois Health Care Association cate that at this time no single technology, scheduling, or • International Association of Fire Chiefs sustainability approach criterion has emerged as an absolute favorite or necessity, compared to those core components. • Maryland Municipal League 0 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 There’s little doubt that these utilities will change over time, • Medical Fitness Association and perhaps quickly (in the case of technology). n • Missouri Pharmacy Association • National Association of Neonatal Nurses • National Frame Builders Association • Professional Beauty Association • SAE International • School Nutrition Association • Society of Actuaries • Southern Association of Orthodontists • Western Nursery and Landscape Association These organizations supported this research by distributing the survey to their members. Cornell Hospitality Report • June 2014 • www.chr.cornell.edu 19 Cornell University School of Hotel Administration The Center for Hospitality Research 537 Statler Hall Ithaca, NY 14853 607.255.9780 shachr@cornell.edu www.chr.cornell.edu