Holiday parties are coming back with smaller budgets

12/4/2011 | Chicago Tribune (tiered subscription model)

Companies that scaled way back on off-site and catered holiday parties during the downturn are starting to feel a bit more festive again, but restaurateurs and caterers say the former big spenders are still keeping a tight hand on the purse strings. Holiday party business at Morton's Restaurant Group is up over last year, but functions are smaller, and some companies are opting for less-pricey lunch parties.

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