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High-end financial meetings demand stays strong.

Publication: Business Travel News
Publication Date: 03-APR-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
High-end executive board meetings and incentive trips in the financial services industry appear to be on the rise despite the shift to a seller's market. Hoteliers said financial companies still are looking for luxury, though increased scrutiny has pushed more business to independent and non-resort properties.

Though hotels have raised rates and the market has shifted in favor of vendors, financial services companies are holding as many or more meetings than they did in 2005, said Tim Bruins, senior account executive at St. Louis-based meetings management firm Maritz Travel.

"I'm not seeing insurance companies and brokerage houses cut back on their travel. They're still doing the same kind of incentive trips. They're still doing sales meetings," Bruins said. "Healthy financial services companies are growing because of all the wealth transfer and baby boomers retiring...

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