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Chains chase large meetings.

Article Excerpt
Corporate meeting buyers are sticking closely to their budgets for events with more than 200 attendees, but they often are prevented from fully leveraging those events for cost savings, according to an exclusive survey. Although several hotel chains have offered incentives this year for multi-meeting contracts for large-scale events, many corporate buyers said they don't have enough logistical information to commit to one chain for several years.

According to the Meetings Monitor survey, 27 percent of respondents expected their companies in 2005 to hold more meetings with 200 or more attendees than in 2004. A slightly higher percentage, 35 percent, expected large-scale meetings to include more attendees this year. Most respondents, 57 percent, expected the volume of large meetings to stay steady this year while 15 percent expected their companies to hold fewer large-scale meetings.

The survey showed that meetings with 200 or more attendees also tend to be expensive events. Among respondents, 72 percent said...

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