In the survey, which yielded 250 responses and was conducted March 5-23, more than 87 percent agreed that a surge in public comments critical of companies that hold conferences and conventions is itself having a negative effect on the economy.
The controversy itself is hurting revenues for caterers and event planners, say more than 90 percent of the respondents. And, more than a third believe that the distribution of funds through the Troubled Assets Relief Program (TARP) for banks and financial institutions had a negative effect on the catering and events industry.
"No one wants to see government bailout money being spent frivolously, but there are many healthy companies out there that have not gotten a government bailout and that are trying to conduct business as usual," said Greg Casella, CPCE, President of the National Association of Catering Executives (NACE), and owner of Catered Too! in San Jose, CA.
"While I understand that in these times it is important to spend carefully, the bashing of the catering, events, meetings and travel business is not only unfair and prejudicial to our industry, it is counterproductive to economic recovery," Casella said.
With more than 4,000 members, the National Association of Catering Executives (NACE), www.nace.net, is the oldest and largest professional association dedicated to all aspects of the catering industry. Dedicated to promoting career success for its members and the professionalism of the industry, NACE offers educational programs, professional certification (CPCE), chapter initiatives, networking opportunities, recognition and awards programs, a job bank, community service projects and the industry's most prestigious annual conference. In helping its members enhance their business and careers, NACE helps the industry reach its highest potential.
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