The term was flying around last week at the annual education conference of the Association of Corporate Travel Executives ( in Washington. The conference draws both buyers, such as corporate travel managers and meeting planners, and industry suppliers, such as airlines and hotel companies.

The travel-budget cuts started last fall but accelerated rapidly in January after members of Congress, the Obama administration, and the media pilloried American International Group and other companies receiving bailout funds for holding events at upscale resorts.

A survey done in late March by the association, answered by 110 corporate travel managers, found that fear of "perceived corporate excess" had prompted them to cancel meetings or move them away from destinations with reputations for frivolity.

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