Meetings are big investments. At my company, Meeting Sites Resource, just one of the ways our budget and cost savings strategies add value to meetings and the bottom line is achieved by developing a negotiation plan for each event, an important part of Strategic Meetings Management (SMM).

Corporate incentive travel is a great way to motivate and reward your valuable employees. The following tips will help you plan a program that works for your company’s culture, size and budget.

A common statistic that is bandied about the meetings industry states that F&B costs are commonly the second-highest budget item (after guest rooms), so getting this portion of your event correct is absolutely crucial to the bottom line.