At GovEvents, we've been tracking the government's spending on events and travel and wanted to share some key stats with you.
17% -- The amount travel spending is down in 2014 (so far). Travel spending in fiscal 2014 through March is about $2.8 billion, compared to almost $3.4 billion through March of fiscal 2013.
30% -- The amount agencies are mandated to reduce their travel spending (as compared to 2010 numbers). That level is to be maintained through 2016.
$20,000 - Price of an event at which the agency has to loop in their inspector general to explain and justify cost.
$90,000 - Total amount GSA offered up to anyone who can develop a digital interactive tool to harness travel data to help agencies understand and reduce costs.
These numbers show that the reduction in travel and event spending is not just media buzz, it's happening and its here to stay (at least through 2016). With this in mind, what do event managers (both in the private sector and government) need to do to continue our missions in this "new normal"?
As we've highlighted previously, there are a number of ways to maintain the collaboration of in-person events while keeping spending in check.
- Webinars - last year we saw a 30% rise in webinars posted on our site and there continues to be steady posting of webinars. People are embracing the medium for training and learning in light of travel restrictions.
- Smaller Events - lunches and more intimate events in more locations may allow for even greater networking than large events while saving time and money for both planners and attendees.
- Social Media - look at how can you use your social media properties to foster ongoing online collaboration between attendees.
How about you? How has the travel spending impacted the way you plan and attend events?
Image from: http://mykindofcountry.wordpress.com/
