By: Joseph DiStefano
Corporations that set up hospitality tents at the U.S. Open at Merion Golf Club to entertain clients, employees, and prospects are paying at least $100,000 for the privilege - sometimes up to $300,000, including passes, bars and bartenders, and other perks.
The recession that slowed all kinds of corporate advertising a few years ago forced companies to be more discriminating about the public events they sponsored. But corporate promotions tied to professional golf, targeted to appeal to business decision-makers, have grown rapidly over the last 10 years, says Bryce Townsend, chief executive at GroupM Entertainment Sports Partnerships or New York.
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