Liz Swain 4:24 p.m., May 24
Overbuilt Convention Centers Cutting Prices
The weekend edition of The Wall Street Journal (Oct. 13-14) shows how the convention center industry keeps expanding into a glut. Although leisure travel has recovered from the deep recession, convention business has not made similar gains, says the Journal. A chart tells the story: since the year 2000, convention center space has grown by 35.4% while attendance has dropped by 1.7%. Thus, to stay competitive, convention centers are cutting prices; convention planners can wangle very good deals, notes the Journal.