Here’s a blog post that ran over at the Chicago Hospitality Insider blog with a report on my keynote last week.”
Moving Beyond The Meltdown” with Jim Carroll
Posted on February 18th, 2010 by Jody Robbins
How is the tourism business impacted by a world where information is passed feverishly around the globe? Immediately and directly; that’s how, says Jim Carroll (Futurist and Trends & Innovation Expert!), today’s lunch-time speaker at the 2010 Illinois Governor’s Conference on Tourism.
“The future happens faster than you think,” said Carroll. “The likelihood is that seven out of ten kindergartners today will work in jobs that don’t exist today.
“[It’s also] estimated that half of what college students learn in their first year is obsolete by the time you graduate,” he continued. “The typical digital camera today has a shelf life of three to four months before it’s behind current technology.”
How can a company or a government entity make that change happen? Look for experienced people that know what they’re doing; i.e. build experiential capital and stay nimble.
“It’s not necessarily big corporations that will own the market, but those who innovate — try things they haven’t done before in order to stay in front of a very fast pace.”
How? Accelerate your innovation cycle, Carroll says. “It’s not, ‘We’ll get you in our brochure next year; it’s what can we do to partner with you right now?’
Other important factors: faster time to market and continuous reinvention to meet rapid consumer preference shifts. Again, how to do this? Go online, go mobile and use your staff and outside resources to find your customer and sell them your product when and where they want it.
Carroll’s Pertinent Points:
- *1/3 of all leisure travel is booked last-minute
- * Average planning time down to 15 days
- * 36% of last-minute vacations 3-4 nights in duration
- * 30% are 1-2 nights
- *”More than 147-million people interact globally on social networks via their mobile phones – expect one-billion (!!!) within five years,” says Carroll.
In other words, to use a cliche, THE TIME IS NOW!
It was a great talk, and I’ll have more to post on some of the observations from my keynote in the weeks to come!