Meeting Cancellations: Flexibility for Some in Today’s Market
After American International Group’s cancellation of about 160 meetings, the question on the minds of many meetings industry observers is: How much will the company pay in cancellation fees for backing out of the events—estimated by AIG to be worth about $8 million?...
How Green Is Your Meeting Destination?
Meeting Strategies Worldwide Inc., a Portland, Ore.–based environmental consulting company specializing in the meetings industry, has launched a new Web site designed to help planners select green destinations for their groups....
AMEX Business Travel Forecast: More Scrutiny Ahead
According to the annual “Global Business Travel Forecast and Trends” report, released October 22 by American Express Business Travel, airfares likely will decrease and hotel rates will hold relatively steady—but whatever happens in the air or on the ground, meeting managers can expect more scrutiny as corporations continue to crack down on meetings spend....
NBTA’s New Survey Sees Meetings in Danger
Recent airfare increases and the economic downturn are having an effect on corporate meetings and conventions...
Wall Street Woes Put Incentives Under Pressure
Most players in the besieged financial services industry have avoided the kind of public relations disaster experienced by American International Group for its ill-timed incentive program, which eventually resulted in the cancellation of 160 company meetings worth about $8 million....
AIG Cancels $8 Million Worth of Meetings in Agreement with NY A.G. Cuomo
Just days after insurance behemoth American International Group announced that it was being rescued by an $85 billion loan from the Federal Reserve, top-producing agents were checking into the luxury St. Regis Resort, Monarch Beach (Calif.), for a recognition event sponsored by AIG. When news of the conference broke, commentators had a field day and AIG found itself in a public relations nightmare. White House Press Secretary Dana Perino, for example, called AIG “despicable.”...
Cisco Launches Pay-per-Use Videoconferencing
Cisco Systems Inc. has begun renting videoconferencing rooms to the public for one-off meetings, aiming to introduce its high-definition TelePresence conferencing system to small and midsize companies....
Mexico: Get Your VAT Back
“This is an added value for the meeting and incentive market that we have been working on for five years,” says Hannan Zanzuri, CEO, Tax Back Mexico. ...
EIBTM Offers Education Plus
With the most comprehensive seminar program in its history, EIBTM will take place December 2-4 at the Fira Gran Via in Barcelona....
Mitchell's Outlook: Airfares Stabilize, Routes Disappear, Fees Are Here to Stay
One silver lining to the dark economic cloud is that the growing credit crisis and resulting travel cutbacks at many companies is likely to end the upward creep in airline fares, says Kevin Mitchell, chairman of the Business Travel Coalition, a Radnor, Pa., organization seeking to influence policy on issues affecting business travelers. ...
New Meetings Industry Event Launched
A new trade show for the U.S. meetings and incentives market will debut in Baltimore in 2010: the Americas Incentive Business Travel and Meetings Exhibition....
Planners and Hotels Cautious in Crisis, DMAI Chairwoman Says
“It’s chaos right now. Every day is a new adventure. There’s nothing in the handbook about weathering an economic downtown, in an election year, with a war on. It’s just a very different time,” says Maura Gast, executive director at the Irving [Texas] Convention and Visitors Bureau....
AIG Cancels Event in Face of Criticism
After several days of being heavily criticized for holding a lavish incentive travel program just days after receiving an $85 billion loan from the federal government, AIG today canceled an upcoming incentive program at the Ritz-Carlton, Half Moon Bay in California and announced that it is reviewing all of its meetings....
MPI Selects Host Cities for Upcoming Meetings
Meeting Professionals International has announced the dates and locations for its upcoming World Education Congresses through 2013 and for its MeetDifferent conferences (formerly MPI’s Professional Education Conference-North America) through 2010....
FICP Counsels Calm in the Crisis
Financial & Insurance Conference Planners has issued a special report to members, advising them to be calm—and creative—in response to the crisis on Wall Street and within financial services companies....
Financial Fallout: More Negotiating Clout for Planners?
In the wake of the financial crisis, future hotel development will slow to a crawl and we’re likely to see a significant slowdown in all types of travel, says Sean Hennessey, CEO of Lodging Advisors LLC, a hotel consulting company in New York City....
Wall Street Meltdown and Your Meetings
Alarm bells went off in the financial services industry with the onset of the subprime mortgage fiasco in 2007 and the subsequent collapse of Bear Stearns in March of this year. More recently, with the failure of Lehman Brothers, the takeover of Merrill Lynch by Bank of America, the failures of AIG and Washington Mutual, and the shopping around of Wachovia, the industry has taken one body blow after another....
Hotel Industry Downturn Predicted for 2009
The hotel industry will continue to feel the effects of the economic downturn into 2009 when occupancy rates will bottom out, according to a new report by PKF Hospitality Research....
Congress moves on Travel Promotion Act, Laptop Security
While the nation’s attention has been focused on economic turmoil and the bailout bill, Congress has also been dealing with items affecting business travel and the hospitality/meetings industry....
Supplier Relationship Management
Welcome to the new era of supplier relationship management. As companies rely more and more on preferred meeting suppliers, establishing strong partnerships with these vendors is essential. That means tossing aside the traditional view of the customer-vendor relationship and treating suppliers more as business partners with a vested interest in the success of the event as well as your overall corporate goals....
Get Smart About Meeting Cards
The bottom line: Meeting cards work first as a discovery tool, then as a control, and ultimately as a way to make the entire meeting management process more efficient....
So Much New Re.: SMMP
In a pre-show survey of meeting managers that CMI conducted in conjunction with The Motivation Show, 45 percent of the 164 respondents said that in the...
New Designation for SMMP Pros
NBTA plans to launch a strategic meetings management certification...
Communicate Companywide
Communicate, communicate, communicate! How often have we heard this phrase yet not really put it into practice? When developing a successful strategic...
The Motivation Show: Traffic Down, Reviews Mixed
Attendance at the 2008 Motivation Show, held last week at Chicago’s McCormick Place, reflected the jitters the entire nation was feeling over the failure of some of the country’s largest financial institutions. ...
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