Jamie has been doing the heavy lifting on posting to this blog for
the last couple of months, and I salute him for his efforts. He
certainly has done a great job, and I did a great job in picking a
business partner! ;>) Seriously though, thanks
Jamie for all of your work.
Today, I was moved to post something to our blog after I read an article in the Business section of The New York Times
about how the hotel industry is trying to serve both the needs of Baby
Boomer and Gen X travelers. What's clear is that several hotel
companies are trying to find the right combination of design,
technology, amenities and cool factor to make their hotels attractive
to a younger clientele while not completely alienating the very large
cadre of Boomers who will continue to stay with them for the
foreseeable future.
One interesting point from the article: a Marriott executive anticipates that Gen Xers are going to be the "majority of the business travel segment" by 2007.
(BTW, this article puts the brackets around Gen X as 1965-1980, making
our generation 58 million strong, but still 20 million fewer than the
Boomers.) What I found interesting on a personal level
is that it is the first time I've ever seen Gen Xers presented as the
dominant contributor to a given business segment. I realize, of
course, that this isn't the first time it's ever happened. Still,
articles
such as this one typically focus on either the Boomers or Gen Y, and
lightly gloss over
those pesky and irrelevant Gen Xers. I'm pleased to see that we
have some
economic power in the marketplace!
So here's a question for your association: what are you doing to refurbish your organization for demographic shift? If
your answer is "we've created a young professionals (or emerging
leaders) group," then you need a better answer. You'll notice
that the hotels didn't create a "Gen X club" for their younger
travelers. Instead they are trying to cater directly to the
tastes of our generation, while remaining mindful of their long-time
customers. It's not easy for them strike the right balance and it
won't be easy for you,
but it is a huge opportunity, not to mention a necessary element of
your association's evolution. So, if I were you, I'd get started
on it today. We'll keep
talking about it on the blog and we hope you'll join us in the
conversation.