The hospitality industry is losing a lot of potential revenue as the 'AIG effect' discourages companies from booking events that could be deemed excessive. The travel industry, hit hard by the public uproar over lavish company getaways, has been pushing back, and its message is essentially this: You say junket, we say jobs. In a lobbying effort spearheaded by the U.S. Travel Association, industry representatives have met with President Barack Obama, released a flurry of statistics about the economic contribution of meetings and events ($101 billion in spending, 1 million jobs) and have even established a ''rapid-response war room'' to address ``false accusations against legitimate travel activities.''

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