Cutting Back the Canapés

With the economy in a tailspin, companies are trimming costs on meetings and events. Here's how

GO LOCAL

To save on travel costs, some companies are planning multiple regional events rather than one big national confab.

MANAGE MEETINGS CENTRALLY

Adding companywide policies and technology can help score better deals with suppliers.

HOLD SHORTER EVENTS

Shaving just one night off a hotel stay, say some meeting planners, can bring costs down about 20%.

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