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Financial services cos. leverage as mtg. spending grows.

Publication: Business Travel News
Publication Date: 18-OCT-04 		Format: Online - approximately 864 words
Delivery: Immediate Online Access

Article Excerpt
Financial services companies this year are holding substantially more meetings than in prior years and, in some cases, are springing for more upscale resort locations. Even as purse strings are loosened, though, the cost-conscious attitudes acquired during leaner times remain firmly in place.

"The volume of meetings among my financial services clients is way up, especially since July," said independent meeting planner Mary Young, president of M.Y. Events in Tempe, Ariz. "However, they are keeping a tight rein on expenses. There is not a return to the spending patterns of a few years ago."

In addition to the improving economic conditions, Young said, organizational changes in many companies are prompting more meetings. "A lot of these companies have shifted people around, brought in new department heads and so...

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