Meetings & Events
5 HELPFUL TIPS TO
FUND YOUR
MEETINGS
BY ANTHONY PAOLA, CMP, MANAGING DIRECTOR, MEETINGS & EVENTS
Y
our Meetings & Events program may have been able to operate on a self-funded
basis for many years, but times are changing. Many corporations have leveraged
hotel commissions to help fund or offset the cost of their meeting management
programs. But with the recent announcement by several hotel chains to lower the amount
of commissions from 10% down to 7% (and we’re not sure how much further this will go…)
many organizations are scrambling to find ways to help offset the costs.
In a recent GBTA Meetings Committee survey of medium-to-large companies
across industry verticals, 50% of companies responded that they rely on commissions
to support some part of their meetings management program.
Elevating the Art of Business Travel
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