This month, we are delighted to shine the spotlight on Secure Vendor Program member IMS, a leading Destination Management Company serving key European destinations: Vienna, Budapest and Prague. Founded in 1986 (yes, celebrating 35 years this year!) by Michael Schillinger, IMS helps guests discover the heart of Europe through its representation in multiple destinations, extensive experience, creativity and absolute reliability, endorsed by their repeat customers and numerous testimonials.
Given all the disruptions in the hospitality industry due to COVID-19, IMS was looking for ways to provide confidence and assurance to prospective clients. Some of the major client concerns that emerged from the pandemic were the recovery of advance deposits, multiple postponements, and the interpretation of force majeure clauses.
IMS saw that Meeting Escrow’s financial and risk management solutions, including the escrow accounts for advance deposits were the perfect tools to address these concerns.