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...

Recent airfare increases and the economic downturn are having an effect on corporate meetings and conventions. But how much of an effect? The National Business Travel Association surveyed its members recently to get a handle on the changes in the...

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...

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...

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...