94% of NZ companies keen to meet in next 18 months: Tourism New Zealand

New Zealanders are optimistic and keen to get back to the meeting room, with face-to-face events remaining more important than ever, according to new research conducted on the business events sector for Tourism New Zealand.

The survey of more than 230 New Zealand-based organisations found that overall, 94% are planning to hold a business event in the next 18 months. Of these, 29% plan to hold events before December 2020, with the rest planning events for 2021.

New Zealand companies are overwhelmingly ready to meet; Auckland pictured

Currently, New Zealand has no current restrictions on mass gatherings in the country, and business events can go ahead without social distancing.

The survey also found that after New Zealand’s two-month lockdown, the appetite to meet face-to-face remains, or has even grown.

Seventy-nine per cent of those surveyed consider face-to-face conferences and offsite meetings important for their organisation; while 39% said they appreciated the importance of face-to-face conferences and offsite meetings more now than pre-Covid-19.

Even so, events in the next 18 months will be smaller and less frequent compared to pre-Covid-19 activity, as businesses expect event budgets to be reduced. Associations also predict less interest from their members as they will feel the effects of closed borders on international attendance.

There are, however, other barriers to booking business events that the industry can influence.

Challenges and opportunities in booking business events
Nearly half, or 45%, of respondents said that Covid-19 pandemic affected what they look for in a destination for meetings and conferences. Many are more price-sensitive; a large number are planning events “closer to home”; there is more focus on supplier’s health & safety standards, and a greater need for teleconferencing technologies.

Regardless of the pandemic being under control in New Zealand, delegates are still wary, and health and safety remain a priority for event organisers.

In response to a push for standardised health and safety information in the events sector, Conventions and Incentives New Zealand (CINZ) has released a new Voluntary Code for event organisers to safely deliver events by following best practice expectations, which are based on Ministry of Health guidance to reduce Covid-19 related risks.

Inflexible cancellation policies were recognised as one of the key factors holding back organisations from committing to business events, with respondents signalling that more favourable cancellation policies to share risk would help.

Other assistance options likely to persuade organisations to hold business events in the next 18 months included:

  • Providing added value such as free catering or transport
  • Offering special rates for venues and activities
  • Financial assistance such as risk analysis, funding sponsorship

The rise of technology and ‘death by Zoom’
Technology is a growing factor in business event decision-making, where 82% of organisations said that it will be important for conference venues to offer technology that enables hybrid conferences. However, feedback suggested this could be an opportunity to build a larger, multi-channel, audience, rather than a drain on numbers.

Suppliers are therefore urged to address concerns over the perceived high cost and low quality of the technology options at some venues, with organisers wanting excellent, high-speed Internet connections and multi-media delivery platforms that can combine livestream, on-demand, and interactive physical attendance.

The majority (67%) of respondents said that technology is unlikely to replace the need for face-to-face conferences in the long-term. And while 86% believe face-to-face will remain vital for their organisation; only 15% believe technology will replace face-to-face meetings in the long-term.

Respondents noted: “Associations need to offer virtual components to their face-to-face meetings. But to work well, it needs to leverage off a physical event. The two go hand-in-hand. No one likes ‘death by zoom’. Humans like to meet.”

The results drew on 232 decisions-makers from New Zealannd-based organisations who held a business event (conference, meetings, incentive trip) domestically or internationally in the last three years.