article thumbnail

Mastering Event Contracts: Essential Negotiation Strategies for Meeting Planners in 2025

Smart Meetings

Avoid pitfalls and protect your event Contracts are the lifeblood and backbone of the meetings industry. Negotiating contracts is the first step before confirming speakers, color themes or catering options. That way, a contract can be ended without any issues or penalties. Sometimes, the numbers can get lost in the fine print.

article thumbnail

Quarterly Event and Brand Experience Industry Recruitment Trends: July to September 2024 and Q1 2025 Forecasts

Prestige Events Magazine

The rise of master service agreements (MSAs) and longer-term contracts is contributing to greater stability within agencies, allowing them to plan for the future with more confidence. ” The next recruitment report will be published in January 2025.

2025 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Key Takeaways from MPI Northern California ACE 2025

Smart Meetings

Hotels will likely give less room for discounts or concessions, and early contract negotiations will be crucial to locking in favorable rates. The post Key Takeaways from MPI Northern California ACE 2025 appeared first on Smart Meetings.

2025 147
article thumbnail

Revenue growth forecasted in 2025 despite ongoing recruitment and retention challenges, MIA Insights reveal

Prestige Events Magazine

Surveying 140 event venues, suppliers, agents and destinations, the quarterly benchmarking report reveals that, on average, almost half (41%) of forecasted revenue for 2025 is already confirmed. This includes contributions from international events, which currently account for an average 12% of forecasted revenue in 2025.

2025 130
article thumbnail

Agency HR Update: Hiring Trends, Mentorship, and the Role of Freelancers

Event Marketer

Brian Feit, Founding Partner, BMF According to findings from EventTrack 2025 , EMs annual research report on experiential marketing, eventgoers are preparing for an active 2025, with 56 percent of respondents planning to show up to more b-to-c and b-to-b events in the coming year than in 2024.

2025 264
article thumbnail

How Much Will Meeting Costs Go Up in 2025?

MeetingsNet

If your 2025 meeting budgets aren’t at least 4.3 Hotels*: Up 3%-5% Air: Up 2% F&B: Up 4% Wages for Event Staff: Up 4% 2025 Prices—total increase for meetings and events: 4.3% Hotels*: Up 3%-5% Air: Up 2% F&B: Up 4% Wages for Event Staff: Up 4% 2025 Prices—total increase for meetings and events: 4.3%

2025 105
article thumbnail

Event Tech Industry Forecasters: Q&A with Byrne Production Services

Event Marketer

Matthew Byrne, Byrne Production Services TOP TECH PRODUCTION TRENDS YOU’RE BETTING ON FOR 2025? I definitely think this will continue in 2025. HOW SHOULD EVENT MARKETERS BE LOOKING AT PRODUCTION BUDGETS IN 2025? For the years leading up to the pandemic the buzz word was always “what’s new and next!”