Holiday parties have taken on a new meaning this year, with many companies canceling their festivities in light of a down economy.

But for those who plan to hold celebrations, the office holiday party presents a good opportunity to build relationships and create an encouraging atmosphere moving forward.

Savvy event planners, Debra Courtright and Patricia Mitrik, owners of “Keep the Pieces Moving”, Corporate & Private Event Planners, Fairfield, NJ, share some suggestions for hosting a fabulous cost-conscious party – good for the holidays, and throughout the New Year.