Reader's Poll on Economy
A few caterers have told Special Events that their corporate client canceled its holiday party (often under pressure to look “responsible”), but the caterer still got paid. Was this true for you?
- Yes, even though my client canceled the party, I was paid in full: 8%
- Somewhat, I got paid for at least a portion of the canceled party.: 46%
- No, I lost out on the entire payment.: 45%
Total Votes: 134
With the sour economy, some consumers are turning away from luxury brands to value-oriented products. Do you see this with your special events?
- No, we see the same number of clients looking for high-end, luxury event elements such as crystal, fine china, etc.: 15%
- Yes, we see clients turning away from high-end, luxury event elements to less "over the top" choices.: 84%
Total Votes: 32
How is the outlook for your social/private holiday party business this year? (Pick one only)
- My social/private holiday party business will be down more than 40 percent this year versus last year: 37%
- My social/private holiday party business will be down 40 percent or less this year versus last year: 2%
- My social/private holiday party business will be down 30 percent or less this year versus last year: 8%
- My social/private holiday party business will be down 20 percent or less this year versus last year: 11%
- My social/private holiday party business will be down 10 percent or less this year versus last year: 20%
- My social/private holiday party business will be about the same this year as last year: 8%
- My social/private holiday party business will be up 10 percent or less this year versus last year: 0%
- My social/private holiday party business will be up 20 percent or less this year versus last year: 2%
- My social/private holiday party business will be up 30 percent or less this year versus last year: 4%
- My social/private holiday party business will be up more than 30 percent this year versus last year: 4%
Total Votes: 45
With the sour business outlook, are you considering discounting your prices this year?
- No, I don't believe in discounting: 50%
- Yes, by 5 percent or less: 9%
- Yes, by 10 percent or less: 18%
- Yes, 15 percent or less: 12%
- Yes, by 20 percent or less: 4%
- Yes, by more than 20 percent: 6%
Total Votes: 66
Are you feeling the credit crunch?
- Yes, I have having a hard time finding the financing I want for my business: 43%
- No, I am having no trouble finding the financing I want: 1%
- I have not been looking for financing: 55%
Total Votes: 60
With the media full of stories on how to trim expenses, do you find that your clients (internal or external) are asking to trim costs on the special events you create for them?
- Yes, they are asking for major cuts in expenditures--50% and more: 23%
- Somewhat; they are asking for cuts of 10% to 50%: 48%
- A little; they are asking for cuts of less than 10%: 15%
- None; my clients are not asking for any cuts in event expenditures: 13%
Total votes: 52
Are new fees for checked baggage changing the way you travel?
Total Votes: 318
In light of turbulence on Wall Street, how is your corporate holiday party business looking?
- My corporate holiday party business will be down by more than 10 percent this year versus last year: 55%
- My corporate holiday party business will be down by 5 percent to 10 percent this year from last year: 7%
- My corporate holiday party business will be down less than 5 percent this year from last year: 4%
- My corporate holiday party business will be even with last year: 11%
- My corporate holiday party business will be up by as much as 5 percent this year versus last year: 7%
- My corporate holiday party business will be up from 5 percent to 10 percent this year versus last year: 4%
- My corporate holiday party business will be up more than 10 percent this year versus last year: 10%
Total Votes: 70
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