| | | | | | | | | | Dear Guest, Welcome to Meeting Escrow's monthly newsletter featuring articles related to financial & risk management solutions for meetings and events: advance deposit escrow accounts, foreign currency exchange protection, single vendor payment management, event insurance and VAT recovery.
| | | | | | Book a discovery call with a Meeting Escrow specialist to learn how our financial solutions can help your organization. | | | | | |
What does the strong US dollar mean for the meetings industry?
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Read article by Liz Holtby at Meeting Escrow to learn how to take advantage of opportunities like the strong US dollar, which has reached its highest point since the early 2000s. This is an unexpected surge, so lock it in now using our Foreign Currency Budget Protection to give a higher rate of return for programs in 2023 and beyond.
| | Cost is top concern for UK planners |
M&IT - October 14, 2022 - "McCabe reveals that payment issues have become a concern, as securing credit facilities and appropriate payment terms with suppliers continues to be a challenge.Many are requesting full payments up front or in advance of an event taking place,” she says. “As a whole, we’re seeing organisations approach 2023 forecasting with precaution. It’s good news for hotels, however, at least for now. Revenues have been exceeding all expectations, though it’s uncertain for how long the extraordinary boom in RevPar will last.”.
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Meetings should be classed as ‘controlled events’
| AMI - October 5, 2022 – "Business events should be classified as ‘controlled’ - rather than ‘mass’ - gatherings so they can continue to operate when the next pandemic hits, it has been claimed. The idea was the most eye-catching of five pathways to recovery outlined by Asian meetings and events leaders at the Joint Leadership Summit, in Singapore." | | Meeting Escrow's Pre-Payment Guarantee Solution |
Learn about Meeting Escrow's brand new solution to help both clients and hotels. Hotels can turbo charge their accounts receivable for group business by taking advantage of Meeting Escrow’s pre-payment guarantee solution, which ensures that hotels receive every payment on time without any follow-up. Please contact us for more information. | | | | | |
Attending Events Fuels our Working Life
| Kongres - September 29, 2022 - We couldn't agree more with this Kongres article that "attending events fuels our working life" and that working remotely has created this longing for authentic experiences in physical places. This is why Meeting Escrow Inc. exhibited at IMEX in October. For those who didn’t attend, please contact us to learn about how our financial risk management tools can help: - Advance Deposit Escrow trust accounts
- Trust accounts
- Single Vendor Payment
- VAT recovery
- Final reconciliation
- Conference bridge financing
| | UK to replace GDPR with new data protection system |
M&IT - October 4, 2022 - The Government plans to replace General Data Protection Regulation (GDPR) with a new British data protection system, the culture secretary has announced.
| | | | | | | | Financial incentives from global destinations to attract your organization's next event | | | | Have you checked out our directory of destinations offering financial incentives to support your business events? Updated monthly, the directory includes the following destinations: Ireland, Northern Ireland, Vienna. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
