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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. .
Mike Dominguez, president and CEO of Associated Luxury Hotels International ( ALHI ), highlighted a significant wave of upcoming renovations and new builds, many of which are on track for completion by 2028. Dominguez pointed to data showing that, on average, hotels currently have 14.5
A Maritz report forecasts expected cost increases for group-focused hotels, airfares, F&B, and wages for event staff. 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%
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!”
April 25, 2025 On Friday, the Florida House of Representatives passed a pair of bills that could change how tourism taxes are used in the state. The bill made allowances for fulfilling contracts in place as of Jan. 1, including servicing bonds but said they cannot be renewed or extended.
But entering a new relationship with a hotel usually comes with a detailed contract of agreements and stipulations. year period of time have shifted into the future years causing a significant demand and compression issue when contracting with hotels,” Payne said. “All Hotels want to make up for lost time, lost money.
Professor Tyra Warner on the latest risk factors in this uncertain year From force majeure to data protection, meeting professionals are trying to cover the unexpected in contracts during what could be a tumultuous year for business and the economy. in hospitality. Warner advises caution.
Within the meetings and events industry, where relationships are the foundation of success, negotiation has evolved far beyond rates and contracts. In one case, when a planners budget constraints seemed immovable, we pivoted toward value-adds the hotel could providedelivering more meaningful impact without altering the rate.
Contract tips to keep in mind A quarter century into the second millennium, there are several things that remain constant: humans need food, water and shelter to survive; the law of gravity is still in play; and event contracts are still a necessity between meeting professionals and hospitality venues. We encourage you to book them.
As part of a larger growth plan, the company also signed contracts for four more ocean ships, with two confirmed for delivery in 2031 and two more under option for 2033. Comcast NBCUniversal has announced plans to build a new Universal theme park, hotel and entertainment complex just south of Bedford, about 35 minutes by train from London.
For hotel options and availability for meeting planners, especially right now, you get to choose from large conference hotels to smaller boutique hotels. And the hotels are beautiful in San Francisco. We can’t easily change the size of our hotels. We still lead the country in sustainability.
As part of a larger growth plan, the company also signed contracts for four more ocean ships, with two confirmed for delivery in 2031 and two more under option for 2033. Comcast NBCUniversal has announced plans to build a new Universal theme park, hotel and entertainment complex just south of Bedford, about 35 minutes by train from London.
As a result, 2025’s Super Bowl was moved to New Orleans and Super Bowl LVIII took place in Las Vegas, a first for the city and accompanied by much fanfare. The game in 2025 is scheduled to take place at Caesars Superdome, set for a completed $500 million renovation this July. There’s a lot of investment taking place.
The project is scheduled to open in 2025 and will complement the existing 200,000 sq. Set adjacent to the Conference Centre, the 168-room ROK Hotel Kingston, a Tapestry Collection by Hilton property, opened in July 2022 featuring 6 meeting rooms and spacious public areas for events. The Grand Ballroom at Fontainebleau Miami Beach.
increase (forecast: 48.5), hotels saw a 29.8% Aggregate travel spend to increase the value of regular contract proposals. The increases in price forecasted in 2022 by CWT and GBTA were far outpaced by the actual numbers across all sectors. In 2022, air travel saw a 72.2% Consolidate and compromise. Focus on ROI.
Oxford Economics’ Savelli explained that during past recessions, room demand overreacted, with sometimes twice as much of a contraction as the economy overall. A day of reconning may be coming for hotels,” Meyer said. I don’t foresee association consolidations happening before 2025. Travel Priorities First, some history.
Her attorneys did not see a hand of God in the decision, so the agency was responsible for the terms of all signed contracts. We asked experienced contract negotiators how they are negotiating today and what clauses they are asking for to protect their clients. She sees her job as more than sourcing hotels.
Negotiation coach Alex Carter will lead two PCMA Business School sessions during Convening Leaders 2025, on Jan. I don’t care if I’m calling a hotel and I get somebody from the front desk on the phone. 14, as well as a live coaching session afterward. Never assume the amount of power or influence somebody has.
It was deemed “better than nothing,” but if used, it was suggested that this option should accompany a clause in the contract that allows an in-person site inspection at a future date. Based on the in-person site inspection, that clause should allow meetings professionals the option to cancel the contract without penalty.
Favorable hotel deals are appearing for event groups willing to gather in hurricane-prone areas in late 2024 and 2025. How does a “flexible cancellation clause” and 50-percent attrition allowance sound? The official hurricane season ends on November 1 each year.
These are the secrets you need to know after the contract has been signed to ensure everything goes according to plan. How to Align Your Event with the Back of the House Behind the scenes at an event, a small army of hotel staff works to carry out all the details meeting professionals plan for months or years before registration opens.
If you can’t get the hotel concessions your stakeholders are expecting, it’s in your best interest to educate them about the current landscape. Let’s face it, being on either side of the table in hotel-contract negotiations is tough these days. Here’s how one meeting professional does it. Right now is not that time.
The hotel is particularly unique, with its 38 floors that climb up from the skyline behind Back Bay’s rows of historical brownstones, and 803 guest rooms. for meetings) and Sheraton Boston Hotel (74,000-plus sq. Opportunity in Urban Markets. Attendees stayed at The Westin Copley Place , a property with over 57,000 sq. of meeting space.
The project is scheduled to open in 2025 and will complement the existing 200,000 sq. Set adjacent to the Conference Centre, the 168-room ROK Hotel Kingston, a Tapestry Collection by Hilton property, opened in July 2022 featuring 6 meeting rooms and spacious public areas for events. at the iconic resort. “At
It wasn’t COVID-19 that kept Sandra Geiger, a global account executive with ConferenceDirect, from visiting Hotel Effie, a 250-room hotel in Sandestin, Florida, before she signed a contract for an association group meeting in July — it was because the hotel was still under construction. Virtual Site Visits.
Her attorneys did not see a hand of God in the decision, so the agency was responsible for the terms of all signed contracts. We asked experienced contract negotiators how they are negotiating today and what clauses they are asking for to protect their clients. She sees her job as more than sourcing hotels.
And their searches are taking them to many digital destinations outside the “Hotel & Travel” section of the typical conference website. Online travel agents like Trivago are highlighting the availability of discounted hotel inventory, while big hotel brands are touting members-only rates. Not that room blocks are going away.
They want more personalized experie nces, compelling content, robust networking opportunities and more.So, how do you save time and money while delivering more in 2025 and beyond? Advanced search tools also track your past deals, contracts, and communication records with each venue. Streamline venue sourcing.
Hansen said that “between Google and TripAdvisor and the hotels themselves, you can find a sustainability tab someplace. If you use Google flights or use Google to book your hotel, Google typically will have an emissions factor on there.” In other words, is it a three-star hotel or a five-star hotel? Is it a resort?
Step 6: Choose the Right Event Management Platform Lets be realplanning an event with the wrong technology and software is like trying to navigate with a paper map in 2025. Lock it all down with a clear contract. Add thoughtful touches, like a welcome basket at their hotel with a handwritten note and local goodies.
He had a clause added to his contract protecting LavaCon if it had to relocate. The ruling may impact the organization as its World Education Conference is slated to be held in Louisville, KY, in 2025, a state with a trigger law that now makes nearly all abortions illegal. Contracts and Laws.
As we head into contract negotiations, we want to show Air Canada they need to give their workers the respect and the proper pay they deserve. FUTURECASTING WITH PINTEREST: PREDICTIONS FOR TOP 2025 TRENDS If any brand has an accurate crystal ball, its Pinterest. For 2025, bold forms of expression and maximalism are leading the charge.
Meetings and events are essential drivers of economic growth and innovation around the world, and MPI’s 2025 Global Meetings Industry Day (GMID) broadcast proved it. When we don't leave the four walls of the convention center or the hotel, we’re really leaving opportunity on the table for the local community and our attendees.”
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