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More cos. to consolidate mtgs. spending.

Publication: Business Travel News
Publication Date: 08-DEC-03 		Format: Online - approximately 1068 words
Delivery: Immediate Online Access

Article Excerpt
Following years of slow, incremental growth, the number of corporations employing meetings consolidation initiatives appears poised to surge dramatically in 2004, according to a new survey.

An exclusive Meetings Monitor poll of 195 corporate meeting and travel buyers conducted by Meetings Today in October and November found that 23 percent of respondents plan to consolidate meeting expenditures in 2004, on top of 41 percent who said they already do so. The remainder of respondents indicated they have no current plans to consolidate.

The surprising results mirror extensive anecdotal evidence that many corporations--which already have implemented many transient travel management initiatives, such as new, restrictive policies and technology capabilities--have settled upon meetings and groups as the next, or only remaining, aspect of travel management that requires greater oversight.

Yet, the caveats in this space are plentiful. Many corporations have found that the chasm between planning to consolidate meetings and actually consolidating meetings can be wide and daunting. The difficulties inherent...

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