Successful Meetings - Passport Supplement - March 2010 - (Page P11)

FINANCIAL MANAGEMENT A precise budgetary roadmap is critical to successful overseas planning. —By Irene Korn e dollar’s up. e dollar’s down. Trying to track the strength of the dollar these days is as dizzying as attempting to make any other predictions in these uctuating economic conditions. And if the uncertain economy has made budgeting for meetings a challenge, those challenges are even more pronounced when it comes to international meetings and events. Still, the same conditions that have led to a buyer’s market in the U.S. are prevailing through much of the world, meaning there’s good value—and even downright bargains—to be found in unlikely places. “ e particular needs of the group determine where they will meet,” says Agnès Canonica, CMP, CMM, director of international services for the meetings management company Meetings & Incentives. “ e business needs will dictate where corporate meetings or consumer shows are held.” Associations have more exibility, although sometimes there are regional constraints by year, and those planning incentives are in a good position to maximize prevailing conditions. In the end, though, whether or not it’s a buyer’s market depends on the particular destination. (Continued on page 13) Successful Meetings/Meeting News/Incentive / MARCH 2010

Table of Contents for the Digital Edition of Successful Meetings - Passport Supplement - March 2010

Successful Meetings - Passport Supplement - March 2010
Table of Contents
The Future of Foreign Affairs
Financial Management
Kinder, Gentler World
Going Global

Successful Meetings - Passport Supplement - March 2010