On Aug 24, 2011, at 3:24 PM, Stephen Farrell wrote:
Inflation is accounted for in the figures given. We're
still >20% above inflation in terms of hotel prices based
on these figures.
You might claim hotel price inflation is higher than the
overall, I don't know. I would hope the iaoc would know
that. What I'm claiming is that the numbers seem to me
to show that the outcome is not so good. And hence it seems
to me that the iaoc is not performing that well in this respect.
You might bring out the meeting fee argument etc. but I
think you (the iaoc as a group) should start by acknowledging
that there is a real issue here and then try to address
that and *not* argue I'm accusing you of bad faith or
something.
Does not control for currency fluctuation unless I missed something in the
table.
not that externalities such as the ECB members flushing the euro down the
toilet don't impact costs but the notion that we can anticipate or ameliorate
such risks on a 2-5 year time scale is unlikely.
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