One of the biggest risk factors for meeting professionals is inaccurately gauging meeting attendance and, as a result, having to pay attrition damages for not filling a contracted room block. In today's economic climate, the risk is heightened as companies cancel and cut back on meetings to save money and project a more austere public face. The good news is that some hotel companies are working to drive business by becoming extremely flexible on attrition issues.
Attrition Fees? Not This Year
No-risk meeting offers proliferate in the down economy