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Dear Guest,
Welcome to Meeting Escrow's monthly newsletter featuring articles related to our financial & risk management solutions for meetings and events globally: advance deposit escrow accounts, foreign currency exchange protection, single vendor payment management, event insurance and VAT recovery. | |
Pacific World and Hilton Times Square announce shutdown | |
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COVID-19 continues to take a heavy toll on the events industry with more closures announced in the last few weeks. Pacific World, the globally respected events and destination management company as well as the Hilton Times Square, a New York City icon, are the latest victims of the pandemic, according to industry news reports. | |
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Lawsuits over meetings cancelled this year have sided with hotels | |
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During an ALHI forum, attorney Steve Rudner explains the nuances of Force Majeure application. | |
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Part of business events recovery will be about how quickly and safely we can get back on an airplane. Read this list of best practice tips for staying healthy while travelling.
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How will incentive destinations be selected in a world “post-Covid”? | |
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We agree with Sara Hosford, Account Manager at SoolNua, who writes in the latest edition of SITE Motivate, that as we look to the future of destination selection and planning, a Destination Management Company’s (DMC) role will “go up dramatically in the years to come. Planners will not want to take any risks and a good DMC will be instrumental in managing suppliers, as well as the overall health and safety of the group.” At Meeting Escrow, we believe that planners should also takes steps to mitigate financial risk by considering event insurance and selecting DMCs, hotels and other suppliers who have certified they accept advance deposits in a secure escrow account. Our Secure Vendor Program global directory is available for download here. | |
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Pandemic: why it’s not over until it’s over for international meetings | |
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Meeting Escrow's Advisory Board member, Martin Sirk and industry colleague, James Lancaster, discuss the pandemic and what has to happen before international association meetings return to the way they were. | |
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