news
development
Singapore chosen as host city for the inaugural
IBTM Asia Pacific in 2020.

Convene challenges technology events
to set up In Baltic Region.
Town Square Park
Dubai mega project
to hit major milestone today Friday.
FIFA WORLD CUP 2022
Hamad International Airport
unveils expansion plan.
19-21 november
IBTM World 2019
announces brand new speaker showcase and final keynote double bill.
UNiversities means meetings
Abu Dhabi
launches worlds first university of artificial intelligence.
Hotel News
Scandic
to open central Helsinki’s largest conference hotel.
flight news
Flybe
to become Virgin Connect.
sustainability
Lapland Airports
receive international climate certification.

Spain ‘to suffer 500 hotel closures’
due to Thomas Cook failure.
RSS
rss_icon
Links
Is The Meetings Industry Ready This Time?

Mitchell Beer, in a commentary piece on MeetingsNet.com, writes on the new economic crisis:

"Last week brought the bad news we all had hoped to avoid. When the U.S. Congress reached a deal to raise the debt ceiling, it looked like the economy had dodged a bullet—until stock markets began ricocheting back and forth, losing all the value they’d gained in 2011 in a single day.

Then on Friday evening, Standard & Poor’s announced an unprecedented downgrade in the U.S. government’s credit rating, declaring itself “pessimistic about the capacity of Congress and the administration” to cut the deficit and stabilize the country’s finances.

As analysts quickly pointed out, S&P is not one to talk about financial credibility: “I really find it quite amazing that a credit agency that could rate mortgage-backed securities AAA has decided to downgrade the U.S. government,” said Gregg Salvaggio, senior vice president of Washington-based Tempus Consulting. But the damage was done, and there is little hope that this week will bring a sudden economic turnaround."

Continue reading at MeetingsNet.com