Networking is prized as a key factor in one's professional growth for Millennials. In today's competitive job market, a college education often does not translate directly into job opportunities, so Millennials have taken it upon themselves to expand their network and create these opportunities. Self-education is another big reason events are becoming increasingly more attractive. Learning industry specific information from a professional speaking at these events can help one gain the knowledge needed to give an applicant a competitive advantage in an interview. As hoteliers, we need to ensure our meeting and event space remains attractive to this demographic for continued success.
So let's get the obvious out of the way. Technology. Want meeting or event space to stand out to Millennials? Ensure that technology is up to date. This includes good quality high-speed WiFi, projectors that do not require bloaty software downloads to connect to them and numerous power outlets that are easily accessible. If a VGA cable is the only method of connecting a laptop to a projector, then we have a problem. We should constantly be checking our equipment to make sure it is still functioning properly and have a thorough understanding of how it works. If our equipment is not easy to use, we should invest in upgrading it as soon as possible because prices have gone down considerably over the years.
Food and beverage can be a huge selling point for a potential Millennial client. Gone are the days where frozen foods are acceptable. Quality product is expected at every dining occasion. Healthy options are also prized among this demographic. While comfort foods are still appreciated, ensure our food and beverage team is keeping up with the latest healthy living trends and adjusting their menus accordingly. Let your chef be creative if you have one! Sometimes some of the most inspired ideas stem from thinking outside the norm.
When Millennials are looking for the right place to host or attend their meetings and events the destination as a whole is a high contributing factor in their decision making process. Does the hotel have a great bar where they can grab a happy hour drink after the meeting? As we discussed earlier, networking is everything to Millennials so let's make sure to highlight any amenity that promotes it, even if we think it is not relevant to the meeting or event. If our hotel is limited on amenities, then we should provide information on our local area and anything that could be attractive to a first-time visitor. Millennials work hard but they also like to play hard so even if they are looking to host a business meeting, they will also be exploring what to do once their meeting is finished.
With the market being highly competitive, below are some potential differentiators that today's Millennial meeting planners might like to utilize:
While some of the over generalizations about Millennials have roots that are true, we need to do our best to not assume things when it comes to this generation. We must avoid the common misconceptions and realize that just because technology may be the word we associate most often with them, Millennials actually prize face-to-face interaction at meetings and events just as much, if not more than previous generations. The common fear that this tech-savvy generation will lead to a decline in meetings and events is simply not true. Live video streaming may have built upon what video meetings first brought to the table, but nothing will ever replace genuine human interaction.
Prepare yourselves as we are in the final stretch of 2016 and we have heard rumblings of an uptick in group sales for August and September already. While calendar comps can have an impact on year over year business and the fourth quarter could reverse an uptrend, news of increased group bookings is always welcome! Use this information to ensure you are capturing your fair share as we come out of the summer months and finish the year out strong.
R. A. Rauch & Associates, Inc.
11025 Vista Sorrento Parkway
San Diego, CA 92130
Robert A. Rauch, CHA
Robert Rauch, CHA, is a nationally recognized hotelier and President of R. A. Rauch & Associates, Inc., a leading hospitality management and consulting firm. Rauch has over 35 years of hospitality- related management experience in all facets of the industry. Widely recognized as the 'hotel guru', Mr. Rauch maintains a blog where he expounds upon insights and trends in the hospitality industry at www.hotelguru.com. Along with the blog, he also publishes Hospitality Innsights, an electronic newsletter that is distributed monthly. Mr. Rauch held nearly every position in the hotel business including General Manager of full-service Four Diamond hotels for Hilton and Embassy Suites. His education includes a bachelor’s degree in Hotel Administration from Western International University and a master’s degree in Tourism Administration from Arizona State University. He is a Certified Hotel Administrator and has served as chairman of numerous tourism organizations nationally and in the western U.S. He has been directly involved in developing several leading brand hotels, some of which the firm still owns and manages. R. A. Rauch & Associates, Inc. currently operates hotels in California, Arizona and Colorado with several under development.
Robert A. Rauch
R. A. Rauch & Associates, Inc.