Through the first half of the year, group customers are paying a higher average daily rate in the top 25 markets than transient hotel guests, according to Smith Travel Research. This is the first time the ADR in the top 25 markets has been higher...
Congressman Neil Abercrombie (D-HI) has reintroduced a bill to restore the 80 percent deduction for business meals and entertainment expenses. Currently, just 50 percent of the value of these expenses is tax deductible...
U.S. Treasury Department regulations issued this spring require boards of directors of companies receiving bailout funds from the Troubled Asset Relief Program to establish companywide policies for luxury expenditures related to meetings, events...