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December 2020


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.


Meeting Escrow Advisory Board Update

Meeting Escrow's Advisory Board met virtually last week for our final meeting of 2020. We could have used much more time to delve into the many ideas and initiatives that the group brought forward! Our newest board member, Lauren Pontier with HelmsBriscoe, shared her customer's journey with us, a new client that recently signed on with Meeting Escrow to hold their advance deposits in escrow. We are anxious for the board to meet in person in 2021 as COVID-19 vaccines and rapid testing gets implemented. Thank you Rudy Alofs, Brett Barrowman, Lori Cioffi, Lauren Pontier and Martin Sirk for your continued insights and strategic guidance.


Hotel CEOs See Big Improvement in 2021

Our industry needs some good news and as reported in the November 9, 2020 edition of Travel Pulse, it’s wonderful to hear Arne Sorenson, CEO of Marriott International, say “we will be up massively over 2020,” speaking on a panel of CEOs at the online NYU International Hospitality Industry Investment Conference. This group of CEOs agreed that while the hospitality industry has a long way to go, the feeling is that next year will be much better than 2020.


SITE announces new Board of Directors for 2021

As announced in SITE Motivate, congratulations to the 2021 SITE Global Board of Directors. This group of talented professionals will work tirelessly to get our incentive travel industry back on its feet.The DMC Network’s Aoife Delaney, CIS, CITP will take the reins at SITE in January 2021. It’s a special moment for the Delaney family as 29 years ago, in 1992, Aoife’s Dad, Patrick Delaney, CIS, CITP, CITE became the first non-US resident to serve as SITE President.

UK to allow large business events up to 4,000 capacity from December

As reported in Conference & Meeting World, The UK Prime minister Boris Johnson has said that business events will be allowed to continue in Tier 1 and Tier 2 areas when the UK emerges from national lockdown on 2 December.

Should We Be Holding In-Person Meetings?

There are arguments discussed on both sides of the “Should We Be Holding In-Person Meetings" debate in this Northstar Meetings Group article. The road to recovery for a successful restart consists of Health & Safety, Contract Flexibility and Financial Risk Management. The uncertainty of future plans can be resolved by considering Meeting Escrow's financial risk management solutions that can support organizations during these uncertain times by minimizing risk.


Incentive Travel Programs Are Being Scheduled for 2021 and Beyond

As reported in Northstar Meetings Group News, Northstar Meetings Group's Global Incentive Summit online event pointed to signs of the industry's gradual recovery domestically and internationally. Incentive travel organizers are booking international reward trips everywhere from Boston to Bora Bora, according to planners who participated in Northstar Meeting Group’s Global Incentive Summit, which took place online Nov. 5-6.


Industry News


SITE Global Conference, Feb. 2-3, 2021