Although government guidelines for bailout companies have hurt the travel industry in many ways, the recent (June, 2009), bill S. 1023 holds promise that there will be help in the offing for the travel industry in general. This will eventually hit the meeting planner market. Here is how it will work.
The Act will contribute $425 million towards reducing the United States budget deficit over a decade’s time. It will increase jobs, stimulate the economy, and add to our tourism reputation. How much will it cost U.S. taxpayers? Zero.
S. 1023 will be paid for by a combination of contributions from private sources, plus a $10 charge for all foreign non-visa travelers to the U.S. Despite the challenges of an ongoing conflict between Republicans and Democrats, this bill has been popular in both camps. (more…)
Tags: Bailout, Conflict, Decade, Dollars Each Year, Foreign Travel, Government Guidelines, Meeting Planner, Meeting Planners, Partnerships, Private Sources, Promotion Act, Republicans And Democrats, Reputation, Taxpayers, Thousands Of New Jobs, Travel Industry, Travel Planners, Travel Promotion, United States Budget, United States Budget Deficit
You may have some great ideas on how to save money on food, beverages, equipment, materials, and other items needed for a successful meeting. But what about the venue? Resorts and hotels are now outside the means of some companies and businesses. Where should you turn for these in a bad economy?
The answer may be easier than you think–the convention center. Not only are these facilities improving their technological infrastructures, remodeling older environments, and adding services, but they are also positioning themselves to be the answer to high-profile properties. (more…)
Tags: Economy, Environments, Equipment Materials, Flexibility, Food Beverages, Food Equipment, Hotel Resort, Hotels, How To Save Money, How To Save Money On Food, Ideal, Marketing Companies, New Technology, Positioning, Profile Properties, Proper Technology, Public Images, Remodeling, Reputation, Technological Infrastructures, Top Notch
Here’s a quick multiple choice quiz: If you have 100 people attending an event, how much coffee should you order for a morning break?
A. Lots! People drink more than one cup.
B. 1 cup for around 90% of the expected attendance
C. Tear out hair and close event planner business
The correct answer may be C depending on how panicked you are about ordering food and beverage for your meetings, and A used to be the answer. However, if you want to save your client money and do your reputation a favor, choose B. Why? Not everyone drinks coffee, and coffee is much more expensive per pound than it used to be, so plan on anywhere between 80% and 90%. (more…)
Tags: Attendance, Attendees, Beverages, Choice Quiz, Client Money, Coffee, Correct Answer, Diligence, Event Planner, Food And Beverage, Homework, Little Bit, Multiple Choice, Participant, Price Per Gallon, Reputation, Sake, Soft Drinks, T Pay, Venue