It sure looks a lot like Christmas at the Fairmont Hotel in Dallas. Trees are decorated, the presents wrapped, but the lights have gone out on the extravagant holiday party.
"We have had a couple of major ones back out. The rooms are along this aisle."
Shannah Milstead is the director of sales and marketing for the Fairmont Hotel. Corporate party bookings here are down 15%.
"Every year we'd have major parties in the ballrooms, so those are the ones that are gonna be quiet this year."
Human resources consultant and author Sherrie Elliot says money is not the only reason companies are scaling back, when it comes to holiday parties.
"Making sure that the company has a good PR spin." Elliot says
