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The
convention bookings model, developed by the Hospitality Research
Center in 1996 at the University of New Orleans, is intended to
enhance convention bookings activity by focusing convention sales
efforts. The model helps do this in a number of ways:
By analyzing the historic characteristics of a convention and visitors
bureau's business, the bookings model is developed to determine
whether the currently scheduled bookings will yield the target room
night goals set forth by the CVB.
Through monthly progress reports, the bookings model alerts bureaus
where their room night bookings are ahead or behind pace
for each month in the future (up to ten years).
In addition to providing information regarding the flow of room
nights booked, this model also includes a market segment analysis
to provide comparative data for different types of groups.
The
monthly report is used by the CVB to help direct advertising efforts
and target direct mail to those market segments where the model
indicates there is a weakness in demand and higher probability of
success in sales.
There
are four important steps in the convention
bookings model.
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