Global

In most companies, meetings and events remain uncharted territory for savings, although spend typically represents 35-60 percent of the amount spend separately on transient business travel. Meetings and events run the gamut from five-person training sessions to multi-million-dollar trade shows, with a host of large and small gatherings in between. Frequently, procurement and planning are decentralized, with each department or business unit overseeing its own projects. As a result, purchasing is fragmented and few if any contracts exist with preferred suppliers. Furthermore, spend tracking is a major challenge. More and more companies, however, are reversing the tide and applying the principles of effective travel management to their meetings and events.

Read more

In-Depth Research

The CWT Travel Management Institute has published Meetings and Events: Where Savings Meet Success. This report of in-depth research explains the best practices organizations can adopt to improve their return on investment in M&E, showing that enhanced performance and savings are possible.