This has been a devastating year for the conference industry in Washington, D.C., with the federal government dramatically slashing spending on hotels, conference centers, and related expenses. If that wasn’t tough enough for an already startled industry, more and more contractors have taken the government’s lead to heart and followed suit.
Many local businesses are wondering how hotels and conference venues will survive this shift in policy and attitudes. The abrupt fallout from recent fiscal scandals has put all government agencies on alert, reducing funding for conferences.
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Federal Government Puts Squeeze Local Hotel and Conference Industry