Home | Business News | Browse by Publication | B | Business Travel News

Cos. embrace outsourcing hybrids.

Publication: Business Travel News
Publication Date: 01-MAY-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Corporations are most likely to approach a travel or meetings management company over independent planners or technology providers for help managing their meetings, according to an exclusive Meetings Monitor survey of 186 corporate meeting buyers. Buyers said they often take a hybrid approach to outsourcing, employing key internal staffers to oversee the initiative and using a third party to handle logistical details or negotiations.

According to the survey, 23 percent of respondents said they typically use a travel management company for meetings management, 13 percent of buyers said they partner with a destination management company and 17 percent use an independent meetings management company or individual planner.

The majority of respondents, 60 percent, said the extent to which their companies outsource meeting planning has remained constant during the past two years and 12 percent said outsourcing was on the rise. However, 23 percent of respondents said their companies used external meeting planning providers "much less" last year compared to 2004.

High-tech switch manufacturer Extreme Networks Inc. dramatically has reduced its use of external planners since adopting a meetings management technology tool, said Nancy Garner, global travel procurement manager for...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Travel News
HRG creates mtgs. arm., May 01, 2006
CIC selects management co., power remains president., May 01, 2006
Meetings Today calls for best practitioners., May 01, 2006
Non-incentive corp. group demand rises at resorts., May 01, 2006
Crop of mixed-use luxury hotels rise in Tokyo., May 01, 2006

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.