Last week was a busy time for news that could cast a long shadow over the recovery that has taken hold in meetings and events. Nothing noticeable has changed on the ground—most of the planners and suppliers I talk to are still busy enough to complain about it, signifying a big improvement over the deep doldrums of 2009 and 2010. But the industry’s vulnerabilities are still plain to see. The recovery begins to look particularly precarious when you realize that meetings and travel could be ...

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