Days after the U.S. Department of the Treasury made it a requirement for companies receiving assets from the Troubled Asset Relief Program (TARP) to define and make public a company-wide policy on expenditures (including entertainment, holiday parties, conferences and events), a coalition of meeting, event and incentive travel organizations released a set of guidelines for […]
The U.S. Department of Transportation is considering new rules that may increase the compensation offered passengers delayed or denied boarding by any American airline.
Last year, the New York Stock Exchange (NYSE) and the National Association of Securities Dealers (NASD) enacted rules about gift giving that dictated member companies stay within a $100-per-year gift limit to prospective customers. Recently, both organizations submitted proposed rule changes to the U.S. Securities and Exchange Commission putting limits on business entertainment, which was not specifically regulated by NASD Rule 3060 and NYSE Rule 350.
By Kristi Casey Sanders
“Demand in the hotel industry stopped growing in 2006, and as people in the industry are catching on, hotels are becoming more variable in negotiations than they were,” says Bjorn Hanson, a lodging and hospitality analyst for PricewaterhouseCoopers.