At some airlines, business travel has fallen more than 20% this year. During the first two months of 2009, America's lodging industry reported losing more than $1 billion in revenue from canceled corporate meetings and events, according to the U.S. Travel Assn., a nationwide industry group.

Ritz-Carlton Hotel Co. -- the hotel chain for the Mercedes-Benz crowd -- is launching a program called Meetings Within Reach that rewards business travelers for staying in one of 72 Ritz-Carlton hotels around the world. Groups that book 10 rooms or more per night will get complimentary continental breakfast, meeting rooms, Internet, discounts on audio/visual supplies and select suite upgrades.

Loews Hotels, the company that describes itself as offering "beyond four-diamond standards," is also making a play for business travelers. Last week, the hotel chain launched the Flexible Meetings program that offers meeting planners a credit equal to 10% of the total room bill toward extra services at the hotel. Those bonuses include discounts on audio and visual equipment, airport transportation, food and beverages, suite upgrades and fitness center access, among other extras.

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