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An Ongoing Special Report on the Impact of
The Tragic Events of September 11, 2001
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Public Relations or Reformation?
Nov 29, 2001, 10:06 a.m. ET, 9/11
Rumor has it that industry associations are considering a public relations campaign to promote the value of face-to-face meetings, hoping to counter...

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MPI Tri State Educational Conference Scheduled for March
Dec 26, 2001, 09:25 a.m. ET, 9/11

Industry Raised $20,000+ in December Fundraiser
Dec 26, 2001, 09:12 a.m. ET, 9/11

Where Can Companies Find Cash Fast? Ask the CFO
Nov 30, 2001, 03:45 p.m. ET, 9/11

Save this Date—Help Heal Hearts
Nov 14, 2001, 06:03 p.m. ET, 9/11

IACC Creates Fund for Displaced Workers
Nov 6, 2001, 06:13 p.m. ET, 9/11

New York Event Firm Shows Pride With Floral Flag
Oct 26, 2001, 06:20 p.m. ET, 9/11

GBS Linens Lays Out Dual Donation Program
Oct 26, 2001, 06:19 p.m. ET, 9/11

Free Speaking Engagements to Aid Red Cross Efforts
Oct 18, 2001, 08:34 a.m. ET, 9/11

Security and Risk Conference Added to IAEM Annual Meeting
Oct 16, 2001, 06:00 p.m. ET, 9/11

PRA, Chicago Getting Back to Business with AFP Meeting
Oct 16, 2001, 05:47 p.m. ET, 9/11

New Dates for Associations:digitalNow Conference
Oct 16, 2001, 05:54 p.m. ET, 9/11

McGettigan Planners Show Grace Under Pressure
Oct 15, 2001, 04:04 p.m. ET, 9/11

Windows on the World
Oct 9, 2001, 05:40 p.m. ET, 9/11

Rescue Workers Get First-Class Meals
Oct 9, 2001, 05:49 p.m. ET, 9/11

Event Company Helps Man’s Best Friends
Oct 9, 2001, 05:47 p.m. ET, 9/11

Associations Move Meetings to NYC
Oct 5, 2001, 11:02 a.m. ET, 9/11

New York Event Firm Reaches Out in Wake of Tragedy
Sep 19, 2001, 10:10 a.m. ET, 9/11

NY Restaurant Association Brings Help to the Table
Sep 27, 2001, 09:09 a.m. ET, Staff Report, meetingsnet

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Corporations Eyeing More Travel Cost Cutting for 2002

9/11, Jan 24 2002

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According to a survey of more than 220 travel managers conducted by the National Business Travel Association this month, 74 percent of the U.S. companies surveyed are continuing to seek out new travel cost-cutting measures for 2002. And the bad news for the hospitality industry is that the most-targeted areas include air (58 percent) and hotel expenditures (57 percent). Survey respondents also mentioned videoconferencing, an increased use of corporate and charter planes, and online booking as cost-reduction measures they plan to have in effect this year.

"In these uncertain economic times, American corporations are focused on the bottom line," says Marianne McInerney, NBTA’s executive director. "Meeting essential business objectives while keeping travel costs down will be a major priority in 2002."

Sixty percent of respondents said their firms would be reducing non-essential travel, and 52 percent are planning to hold fewer meetings at hotels. To bring down air costs, they are booking "discount" airlines (51 percent), booking flights more than a week ahead (61 percent), and using alternative airports (43 percent).

"Last year, we saw many corporations reducing their overall travel," says McInerney. "In 2002, they are getting back on the road by using more lower-priced travel options. Many corporations are choosing low-fare airlines and discount rather than full-service hotels this year as a way to meet their travel objectives for less money."

But what really gets travel managers hot under the collar, the survey found, was the disparities between leisure and business fares. Almost half of the respondents said that discounts intended to stimulate leisure travel had no visible impact on corporate travel purchases, because continued restrictions make these discounts impractical for business travel. "This is a clear indicator that travel companies’ current pricing strategies are not impacting corporate travel decisions," McInerney concludes.


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How are you proving the importance of meetings to your organization's leadership in today's cut-back climate?

E-mail your answer to Sue Pelletier, at spelletier@charter.net.

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Sue Pelletier,
Web Editor and Executive Editor,
MM and AM,
spelletier@primediabusiness.com
(978) 448-0377

Betsy Bair, Editorial Director,
The Meetings Group,
bbair@primediabusiness.com

(978) 448-0582

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bscofidio@primediabusiness.com

(978) 448-8211

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shatch@primediabusiness.com

(978) 768-7720

Lisa Hurley, Editor, Special Events,
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(310) 317-4522,
(800) 543-4116, ext. 261

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