Ticket Management Blog

Two of the biggest spenders in the hospitality are the financial services and the automobile industry. Unless you have been on an island somewhere without TV, radio or the internet you know they are not participating at the same levels are in recent years. Many of them are still entertaining, either out of necessity or because they have contracts which require them to entertain.

In time, companies will ramp back up their efforts, but the industry as a whole may never be the same. We think the one positive that may come out of this is pricing, which had been outpacing the rate of inflation at a ridiculous pace, may come back to reality. Team and properties have lost most individual ticket holders because of price increases and PSLs, if they start having renewal and sales issues with companies, the hospitality industry will be in trouble.

Marketing managers are under more pressure than ever to evaluate and justify hospitality expenses. This is what we at Concierge Live are all about. Helping companies evaluate and justify their hospitality expenses.