by Bob Meyer, Editor of BarterNews
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will never be sold, traded, or given to another party.
International Does It Again. . .
New Joint Venture Will Aid Event Organizers & Hoteliers
For event organizers
and hotels, attrition and the subsequent fees for non-attendance
are one of the most significant problems in the meetings, conventions
and exhibitions industry.
a survey report by the Convention Industry Council, the percentage
of event organizers assessed attrition fees rose dramatically—to
32% in 2002/2003, from just over 4% in 1998. (Only 52% of respondents
have a formal organizational policy to cope with attrition, the
To remedy that
issue, Par Avion Meetings & Conventions (PAMC), one of the leading
conference housing, travel and registration companies, and Active
International, the world’s largest corporate trading company,
have announced an innovative financial solution.
Solutions program will reduce or eliminate financial risk, and alleviate
the strain between event organizers and their hotel partners. This
joint venture can provide a potential solution for up to 100% of
the liability for the attrition costs of hotel room blocks.
To inquire about
the Attrition Solutions program call Par Avion at (800) 826-5977,
or visit www.activeinternational.com/travel.
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
Shares Unique Vantage Point With Barter Industry
23-year veteran of the barer industry, Douglas Dagenais has authored
a powerful, must-read 4-page article in the just published BarterNews
As Viewed From Both Sides,” it draws on Dagenais’ vast
experience with Sue Groenwald’s Chicago Barter Corp., which
he worked for from its inception in 1981. By 1999 he was managing
the national sales force and national accounts program, completing
some of the largest transactions in the company’s history.
Then in 1999 Barter Corp. was acquired by BarterTrust (now known
is a vice president of SV Trade Group, the barter and consolidated
purchasing division of Shell Vacations in Northbrook (IL). (Shell
Vacations is a privately held, $360 million resort operator with
16 luxury properties. Web site: www.shellvacationsclub.com.)
time on both side of the desk, Dagenais provides readers with insights
both revealing and worthwhile. He covers “relational”
situations from two perspectives—the barter company and the
client—on building and maintaining relationships, product
availability, service options, and barter’s value.
He also outlines
the four keys to managing a barter client—master them, as
a broker, and you’re guaranteed to have successful, long-term
relationships with your clients!
New Money-Making Ideas And Valuable Contacts!
You can obtain
useful, informative ideas and contacts in every available back-issue
Surveys By U.S. Chamber Of Commerce & National Association Of
The U.S. Chamber
of Commerce reports the average U.S. company’s fringe benefits
increased 2% to $18,358 per employee last year. Those benefits include
$5,653 for medical benefits, $4,932 for paid time-off, and $3,303
for retirement and savings.
costs are 37.6% of payroll, with manufacturers spending even more
than other types of companies—an average of 40.1% of payroll.
by the National Association of Manufacturers, says that American
productivity now carries a burden of external costs as big or bigger
than those borne by the reputedly hardened European economies. Indirect
costs (corporate taxes, litigation costs, pollution abatement, regulatory
compliance, employee health benefits) are now higher than in any
of our nine largest trading partners...save France and Germany.
A Gift To A Friend Or Associate. If you know someone
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for the forwarding service.)
- Ric Zampatti,
founder and CEO of The Barter Company in Atlanta, will be hosting
the upcoming National Association of Trade Exchanges Annual Convention...held
May 5 - 7. Zampatti has lined up the impressive Chateau Elan winery
and resort for the NATE membership’s comfort and enjoyment.
Monetary Systems (OTCBB:INLM), along with three other companies,
was rated “Most Undervalued” in a Buyside
article. According to Investrend Research, which wrote the piece
for the February edition of Buyside magazine, International
Monetary Systems’ shares are 38% under its target valuation.
Mercer Management Consulting says that growing consistently and
profitably is hard work. Even during the boom 1990s, only 7% of
publicly-traded U.S. companies increased both revenue and operating
profit by an average of 10% a year.
- The recent
jump in eBay’s new fees (the company has raised some of
its fees each January for the past five years) now sees an average
commission of 7.3%...coming closer to the trade exchange industry’s
transaction fees. The online auctioneer doesn’t disclose
how many sellers it has, but it does says that 430,000 U.S. users
make all or some of their living on the site.
- The International
Monetary Fund estimates that the world’s GDP for 2004 was
$40 trillion, racking up a phenomenal annual growth rate of 5%.
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- Apple Computer
is one of today’s hottest stocks (up 26% this year after
rocketing 201% last year), and Microsoft’s Bill Gates is
all smiles! Why? When Apple brought back its co-founder Steven
Jobs in 1997, one of his first moves was to turn to his longtime
rival, Bill Gates.
The two struck a
deal under which Microsoft bought $150 million of Apple stock
and promised to keep supplying Microsoft Office and Internet
Explorer for the Mac. Today Microsoft’s stake in Apple
is worth well over $1 billion!
engineering professor turned Washington telecom lawyer Peter
Huber has joined forces with Mark Mills, a physicist and former
science adviser to the Reagan White House, to author a new book,
The Bottomless Well.
they arrive at the insight that energy ultimately comes not
from sunshine or buried Cambrian goo or even from uranium left
over from the Big Bang—mere fuels. Rather, energy (or,
more accurately, power) is what happens when you apply human
intelligence—the “bottomless well” of the
book’s title—to the physical world.
interesting to see that the United Arab Emirates state-owned
Dubai Holding has bought a $1 billion stake in DaimlerChrysler...making
Dubai Holding the third-largest shareholder in the automaker.
UAE is looking to diversify its economy away from energy (oil
reserves) and is focusing on trade, services, and real-estate
development. There is also speculation that the new investment
could foreshadow a car manufacturing operation with Dubai.
airline passenger traffic grew 15.3% last year (2004), according
to the International Air Transport Association. The IATA, a
global airline-industry trade group, said that of the busiest
regions in the world, the Asia-Pacific region led the way with
a 20.5% passenger increase.
traffic to and from North America was up 14.8%, while European
traffic, which includes flights between its countries as well
as flights into and out of the region, climbed 10.1%.
co-founder of private-equity firm Elevation Partners, recently
penned a book titled, The New Normal. In it he states,
“You need to develop effective professional relationships
with all the people who influence your career.”
lingo, he elaborates, “A J-curve runs through the new
normal. That’s when you invest more than you reap in the
early stages, but in the long run you get paid huge dividends.”
director of the Anderson Business Forecast Project at the University
of California, Los Angeles, accurately predicted the coming
2001 recession a year before it hit. Speaking at a real estate
event last week in San Francisco, Leamer said San Francisco
prices have peaked and he expects to see a flattening in the
said the national housing market shows signs of weakening and
warned that eight of the last 10 recessions started with a plunge
in home sales and prices.