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Article Excerpt
The market for buying space for corporate executive and board meetings remains in flux due to scattershot demand fueled by dueling trends: The general increases in corporations' collective desire to meet and increase meeting spending and the lingering sensitivity that corporations, especially public ones, have about perceptions of excessive executive perks.
The result is conflicting reports from different segments of the industry, with some hoteliers reporting increased executive board meeting demand and consequent price increases, while others note deep apprehension on the part of corporations to stage anything but reasonably priced, local, perk-free events for their senior management.
Though the financial performance of many corporations has improved of late, said Howard Goldberg, New York-based president of independent meetings management firm David Green Organization, most corporate executives still are exceptionally sensitive to perceived extravagance. That, less than actual economic conditions, drives executive board meeting site selection, he said.
Hoteliers hold differing opinions on the effect of corporate apprehension on site selection, largely in correlation with the level...
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