Successful Meetings - December 2008 - (Page 14)

News & Analysis > Research said in a statement. “In 2009 we will see a continuation of that slowdown in growth. The expansion of the trend is the result of measures travel managers are implementing to contain travel costs during an economic downturn.” Specifically, NBTA predicts an increase in the number of firms using several cost-containment strategies, including: Reducing nonessential travel. Enforcing new travel policy mandates. Implementing technology that enables them to streamline expense reporting and monitor spending. Additionally, NBTA predicts the following changes in business travel rates: Published airfares will increase a projected 7 to 10 percent in 2009 over 2008. Hotel rates will increase a projected 1 to 4 percent. Car rental rates will increase a projected 1 to 3 percent. —Matt Alderton NBTA Forecasts Cuts for 2009 The National Business Travel Association (NBTA) is predicting continued increases in business travel costs for the coming year, it announced in a new report. Titled “Business Travel Overview & Cost Forecast,” the report projects an increase of 5 to 8 percent in business travel costs during the course of 2009, which will result in slower than normal business travel growth, due to an increase in cost-containment strategies among travel managers. “This year we saw a slowdown in the growth of business travel from the rate of growth we saw in 2004 through 2007,” NBTA President and CEO Kevin Maguire Corrections In the Spain site report in the October issue, a photo of the Plaza Mayor in Madrid was unidentified. Going back as long as the middle ages, the Plaza has been the scene of multitudinous events: markets, bullfights, and soccer games. The Plaza Mayor is a December 2-4 EIBTM (European Incentive Business Travel and Meetings Exhibition) The Global Meetings and Incentives Exhibition, Fira Gran Via, Barcelona, Spain 44 (0)20 8910 7988 December 5-8 SITE (Society of Incentive & Travel Executives) International Conference, Montreux, Switzerland (312) 321-5148 December 9-11 IAEE (International Association of Exhibitions and Events) Expo! Expo! Annual Meeting & Exhibition, Miami Convention Center, Miami, FL (972) 4588002 December 15-18 IAFE (International Association of Fairs and Expositions) Annual IAFE Convention, Paris Hotel, Las Vegas, NV (800) 516-0313 www. > Industry Calendar major tourist attraction, visited by thousands of tourists each year. Every December a Christmas market is held here as part of the Celebration for San Isidro, patron saint of Madrid. The Plaza Mayor has a ring of traditional shops and cafes under its porticoes. In the November site report on Kansas City and St. Louis, we reported that the International Bowling Museum & Hall of Fame is in St. Louis. That was incorrect. In November, the Museum shut its doors to move to Arlington, TX, where it will reopen in 2010. Preview the entirely new Williamsburg Lodge at 323 Guest Rooms • 45,000-square-foot Conference Center 20,000-square-foot New Spa • 45 Holes of Golf Williamsburg, Virginia • 1-800-822-9127 • (757) 220-7600 The Mid-Atlantic’s Premier Destination is on Your Desktop © 2008 The Colonial Williamsburg Foundation

Table of Contents for the Digital Edition of Successful Meetings - December 2008

Successful Meetings - December 2008
Editor's Note
Corporate Events
On the Record
Planner Spotlight
Personal Success
Technology Talk
Food & Beverage
Professional Development
Quick Tip
Tools of the Trade
On Site: Retire Those Tired Power-Point Slides
On Site: 12 Tips for Thriving on a South African Safari
Deep Impact
Recession-Friendly Speakers
Showing Off
Hawaii Insert
Places & Spaces
Mississippi Gulf Coast
Fort Worth
South Florida

Successful Meetings - December 2008