St. Louis, MO (PRWEB) September 10, 2009
Maritz Travel Company today announced that it has been named to the third annual "CMI 25" list of the industry's largest and most influential full-service independent meeting and incentive travel management companies focused on the corporate market. Compiled by Penton Media's Corporate Meetings & Incentives® magazine, the leading information source for the $40 billion corporate meetings and events industry, the CMI 25 provides an essential resource for corporate executives and meeting professionals seeking partners for outsourcing all or parts of their programs.
"Outsourcing of meeting and incentive travel planning has become increasingly important to Corporate America, and our CMI 25 report is the only place meeting planning and procurement professionals can turn to for information on the buying power and capabilities of these important partners," said Barbara Scofidio, editor of Corporate Meetings & Incentives. "Based on extensive research by our staff, the CMI 25 list is a unique snapshot of the leading companies in the industry."
"Maritz Travel is honored to be named to the CMI 25 and recognized for our commitment to helping our clients achieve their business goals through effective face-to-face and virtual meetings, events and incentive travel," said Christine Duffy, president and CEO, Maritz Travel Company. "Our industry-leading approach enables clients to connect these key strategies to overall business objectives, provide exceptional participant experiences, demonstrate the return on objective and return on investment of programs, and ultimately improve overall performance by driving better business results. These core areas have always been a critical success factor for successful organizations, but even more so in today's economic and regulatory environment."
The magazine's editors selected CMI 25 companies based on several factors, including the number of meetings and incentive travel programs managed in 2008 and the total number of room nights represented by those meetings and incentives. They also evaluated the number of full-time employees at each company, as well as the percentage of the company's revenues that came from organizing corporate meetings and incentives, versus association meetings or other sources.
In 2008, Maritz Travel managed more than 2,400 meeting, event and incentive travel programs, with more than 850,000 room nights booked throughout the year. "This is a definitive measure of our buying power; power that we use on behalf of our clients to not only save them money on room rates, but also help clients negotiate more favorable contract terms regarding attrition and cancellation penalties," said Rick Buer, senior vice president, Maritz Travel Company. "Maritz has the ability to leverage our position in the ME&I industry on behalf of our clients, saving them money, getting them the most favorable contract terms and working to resolve issues in their favor."
The CMI 25 appears in the September issue of Corporate Meetings & Incentives and is available on http://www.meetingsnet.com.
St. Louis-based Maritz is a sales and marketing services company, which helps companies achieve their full potential through understanding, enabling, and motivating employees, channel partners and customers. Maritz provides market and customer research, communications, learning solutions, incentive initiatives, rewards and recognition, effective meeting, event and incentive management services and customer loyalty programs.
For more information, please visit http://www.maritz.com or call 1-877-4MARITZ.
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