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3 Event Contract Trends in 2022

EventMB

If you thought event contracts were tricky before the pandemic, buckle up for even more complications. In 2020, executing the force majeure clause in a contract was fairly straightforward. Performing the activities stipulated in the contract had been made impracticable. A lot of contracts don’t specify that.

Contracts 185
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Renegotiating Live Event Agreements When All Parties Are Innocent Victims

Velvet Chainsaw

hotel industry is projected to report a 51-percent decline in revenue per available room (RevPAR) in 2020, according to a special forecast revision from STR and Tourism Economics on March 31. Many conference organizers want to change their exhibit contract language or attendee cancellation policies to avoid future losses.

Contracts 397
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Small is the new big—for meetings!

Conferences that Work

As in-person events now return to pre-2020 levels, attendees increasingly value connecting and learning with peers, as Freeman reported in its Q1 2024 Trends Report: “When it comes to networking, attendees are less interested in discovering new career opportunities and obtaining/providing mentoring.

Meetings 218
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News: Force Majeure Clauses and a Financial Firm’s Lawsuit Victory

Event Marketer

It wasn’t long ago that force majeure was commonly perceived as insignificant boilerplate language added to the end of an event contract. Then 2020 and a global pandemic hit, and the provision was suddenly viewed as an instrumental clause that could shield event hosts from legal action as a sea of cancellations was sweeping the industry.

Financial 289
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Conference Go/No-Go Decisions in a Pandemic

Velvet Chainsaw

Summertime V-shape – deeper contraction, bigger recovery. Fall Recovery – Extended contraction. This aligns with March 15, 2020 CDC guidelines for postponing or canceling mass gatherings (250 + participants). We like using an outside resource to set the scenario goal post. For each scenario: Define the new event experience.

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The skills needed to be an event manager in 2020 and beyond!

Gallus Events

The skills needed to be an event manager in 2020 and beyond! We must still understand contracts. Artificial Intelligence will be able to read and amend a contract. The post The skills needed to be an event manager in 2020 and beyond! We have to keep on top of health and safety and event logistics. Learn to stand out.

2020 210
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Globex update: Global exhibitions market to contract by c.70% in 2020

Event Industry News

The global exhibitions market is set to contract by c.70% 70% in 2020, according to the latest Globex updated 2020 forecast released today by strategy consultancy, AMR International. AMR’s methodology has focused on three factors – event cancellations, event postponements and the contraction of events. 70% contraction.

Contracts 105