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05/31/12
SpeedRFP™ Outpaces Expectations For Growth with 1.27 Million Room Nights of Unique Business Opportunities in the First Four Months of 2012 Alone
SpeedRFP Community Growing by an Average of 84 New Buyers Each Day
Santa Barbara, CA, May 31, 2012SpeedRFP has embarked on a fast-paced, high-growth trajectory during the first four months of 2012. By the end of April, buyers on the cloud-based Request for Proposal (RFP) tool had submitted inquiries for 1,272,678 room-nights, representing 9,404 unique events, to hotels that are SpeedRFP-enabled. More than 240,000 of those room nights were received via wedding forms, which debuted on SpeedRFP in February.

The volume of buyers using the tool has surged as well, according to Kelly Foy, CEO of Elite Meetings International, the company that developed SpeedRFP. To date, the tool has 21,981 buyer-members, but that number is changing rapidly. Foy reports that SpeedRFP gains an average of 84 new buyers each day.

SpeedRFP’s growth surpassed even our own estimates,” says Foy. “Given the rate of adoption by hoteliers—largely in North America, Latin America, and Europe—and the ever-growing community of new buyers, we’re very optimistic about exceeding $1 billion in unique business opportunities by year’s end.”

SpeedRFP by the numbers

  • Membership to date = 21,981

  • Volume of 1,272,678 room nights in the first 4 months of 2012

  • Average of 1.5 hotels per RFP


Foy attributes the tool’s success thus far to a number of things: user-friendly design that eases first-time users into the process; repurposing RFP functionality that keeps them coming back; direct access that eliminates a “middleman” and clears the path for direct negotiation; and a distribution model that includes individual hotel websites, brand websites, conference centers, and more.

“All of these factors,” says Foy, “support a community of active buyers and sellers. We’re excited that when looking at SpeedRFP system-wide, an average of 1.5 hotels are on the receiving end of each unique RFP. That figure includes RFPs submitted through online directory/brand websites, and provides strong evidence that SpeedRFP promotes qualified transactions and fights the lead spam epidemic that currently plagues hotel sales organizations.”

About SpeedRFP™

SpeedRFP is a cutting-edge product for creating, submitting and tracking Requests For Proposals (RFPs) online. SpeedRFP recently surpassed the 21,000-user mark, and is rapidly generating RFPs for meetings planners and hotels in the U.S. and internationally. As it gains adoption, planner input continues to be gathered to shape SpeedRFP into a game-changer for the industry. SpeedRFP is a completely portable and seamless RFP technology any hotel can download for a 60-day trial, and it is free to meeting professionals, from whom it is already drawing enthusiastic support. More information is available at www.SpeedRFP.com.

About Elite Meetings International

Based in Santa Barbara, Elite Meetings International (EMI) provides free, time-saving tools for planners and integrated marketing solutions to suppliers that enhance the connection of meeting and hospitality professionals. EMI supports this community through a combination of innovative technology, direct sales support, customized marketing programs and face-to-face business-building events. Additionally, www.EliteMeetings.com serves as a comprehensive vehicle for sourcing luxury, upper-upscale and upscale properties. EMI's innovations include FaceTime™ Appointment Scheduler (www.FaceTimeScheduler.com) a sought-after program for helping conference attendees identify synergies, manage appointments and make direct connections with one another; and SpeedRFP™ (www.SpeedRFP.com), a new time-saving product for creating, submitting, and managing RFPs online. For additional information, please visit www.EliteMeetings.com or call 805-730-1000.

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Contact:
Bryce Johnson

bjohnson@elitemeetings.com
(805) 730-1000