The Other Perception Issue: Behind Rising Meeting Costs

The Other Perception Issue: Behind Rising Meeting Costs

“The perception among planners in 2005 and 2006 was that we were sticking it to you with rates,” said Mike Dominguez, senior vice president, MGM Resorts, during a session at the recent Financial & Insurance Conference Planners Annual Conference. Back then, hotels were still recovering from the 2001 dropoff. Inflation was increasing hotels' expenses, but rates were not keeping up. They finally strengthened in 2007, only to plunge again in 2008 and 2009. Now, as they cree

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