This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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. .
HeadBox for Business allows your team to plan, book and manage all of your events in one place, with the visibility for you to stay in control. HeadBox for Business, an award-winning service-led meetings and events platform supercharged by AI software, manages the meetings and events programmes of enterprise customers.
Venue contracts take weeks to finalize? Here’s a very basic framework to get you started: Timeline Activities 6+ months before Lock in your venue and date Set your event budget and ticket pricing strategy Research and book vendors (A/V team, catering, etc.) Marketing emails need multiple rounds of review?
Force m ajeure and clauses to keep in your next contract Watch the full webinar here. Contracts are the life blood of the meeting industry. Keep Relationships in the Details One key aspect that is sometimes overlooked in the contract process is relationships. Make sure [the service charges are] written into the contract.
As in, what actions a planner should take, what they should ask and what they should expect when booking well-known names —people like Martha Stewart , Shaq, Mark Cuban and Warren Buffett—for keynotes? So, working with the venue on rooming for security staff needs to be considered early on, perhaps during contract talks.”
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. Smart Meetings chatted with Cheryl M.
However, from past experience, any time that there has been a shift from a seller’s to a buyer’s market, those contracts signed during a seller’s market just flat out had to be updated. Room rates should be adjusted to keep attendees from booking outside the block. Here are some changes that will need to be made. Remove Barriers.
Post-Covid Contract Solutions.”. We’ll delve into a condensed review to address what and what not to include in your venue contract, as well as negotiation tactics and what can potentially trigger a force majeure. Local laws can impact your contract and your options for termination, recovery and liability, Sheaks explained.
Contract concerns. Future bookings are getting more difficult as organizations are more reluctant to take on new risks. Future bookings are getting more difficult as organizations are more reluctant to take on new risks. In an effort to reduce and manage risks, venues and planners are adopting new contract clauses.
Though I love my work, it was nice to reduce the number of high-intensity workdays booked in 2023! To this end, they contracted a well-known futurist who offered a short opening keynote on how to think about the industry’s future, followed by a panel of leading industry experts who discussed how his ideas could be applied in detail.
If I was to see a repeating mistake, is that event marketers and organizers are not asking valid questions when negotiating their venue contracts. Is the venue willing to lose a booking from you to hold on to that exclusivity? Somewhere along the line they were told they couldn’t ask questions. They absolutely can.
Read More : How to Transform Events with Local Culture “We wanted to remind people that, unfortunately, hate is real and it’s not some mythical occurrence that happened in a book. Joshua Grimes, photo by On The Run LLC “Those words are gone from most hotel contracts,” he says. This really happened,” Dunn says. “It
With many meeting planners and event organizers doubling up their bookings to compensate for postponed events from 2021 (and even 2020), it’s getting harder and harder to find hotel rooms and meeting spaces for groups both large and small. The New Marketplace Philosophy for Meeting Bookings.
However, for hotels considering bookings for 2028, he emphasized the importance of securing that future revenue now, ensuring they have committed business in place before the market shifts with the influx of new and upgraded properties. #2 The post Key Takeaways from MPI Northern California ACE 2025 appeared first on Smart Meetings.
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.
Judging by the increase in contracts confirmed and bookings moving to contracts that we have seen in three days since the news of the lifting of the Plan B restrictions, many event planners are gaining greater confidence to run live events,” says Adam Simpson, Director of Marketing for etc.venues. Contracts worth £1.6m
Let’s take the skill of hotel contract negotiations ; novice planners tend to feel overwhelmed by the nitty-gritty details of hotel contracts and often learn as they go. To prevent them from signing a bad contract, we’ve put together five tips to help them navigate the surprisingly complex world of hotel contracts.
The panel was rounded out with Lori Allen, vice president of global event operations at Metlife , who has spent 20 years overseeing and enhancing global event strategies and brings particular expertise in managing complex global programs, consolidations, multi-regional contracts and fostering stakeholder engagement to meet business objectives.
The north London Camden venue is proving that there is a steady growth of confidence in the industry with an increase in a wide variety of event contracts from 2022/23 – 2024. Bookings are such that availability for popular dates from September this year are proving hard to find. Long may it continue.” www.roundhouse.org.uk
Read more: Helpful Budget Tips for Event Planners in a Post-Covid World Working with Third-Party Agencies Many third parties provide sourcing only, meaning they will find the destination, and other will assist in sourcing as well as contract negotiations. The larger groups are booking out at three to five years now.
Other areas explored include Instant Book, which is currently being offered by a third (33%) of venues in the UK business meetings and events sector. This comes as the need for better work-life balance challenges is recognised as the primary reason employees leave, followed by insufficient pay.
Destination partners with Convenus LLP for bespoke BookingZon offering MeetBlackpool has launched its brand-new online accommodation booking platform , which will provide event organisers with a free and secure way to book rooms, whilst receiving impartial advice on the town’s accredited hotels.
Proposal & contracting Now its time for everyones favorite part: closing deals. You need to make sure your clients can easily understand the details of their contract with you and your team. Any delays (even in this late sales stage) can kill the momentum and put the booking at risk. Are your proposals crystal clear?
In the fifth of FICP’s new virtual education series, Financial & Insurance Professionals (FICP) Chats, more than 200 participants explored how to book group business for future meetings, including immediate adjustments for events, and how those were not being written into RFPs for the long-term. Uncertainty Persists in the Short Term.
While gratuities are usually built into most vendor contracts, this isn’t always the case. Many catering companies include a service fee in their contract, so double-check before taking out your wallet to tip. Reception Waitstaff : Your contract will usually include gratuity for reception staff.
Read more tips for negotiating contracts amid Covid. . Now Global Head of Events, Training and Certification at Amazon Web Services, she has realized that the challenges meeting professionals are facing and the way they are learning has changed since she published her book pre-Covid. Contract and Negotiation Tips.
The results showed that only 12% of buyers had booked a Christmas Party and only 2% are not holding a party. Of the remaining 86%, around half had approval and were in the process of researching and contracting their venue, with the remainder awaiting and decision or approval to proceed. Formal dining remains favourite.
In the latest Smart Meetings Accelerator “ Top Planner Contract Questions Answered ,” Lisa Sommer Devlin, an expert in contract law at Devlin Law Firm , answers those very questions (and more) for planners. If a planner wants to make a change to a contract, is it necessary to sign a whole new contract? More : J.D.
Calendar year 2024 is already forecasted to show a healthy increase in group rooms nationwide, largely due to the number of meetings that had been on the books in 2021, 2022 and 2023 that were postponed or re-scheduled into 2024. I understand hotel costs have risen.” Perhaps to include more than just the meeting specs.”
What contracts need to include and how to negotiate those from third parties. Business events and hotel group room bookings are nearly half of what they were in 2019. As a result, travel planners are shifting the focus to their budgets and contracts with third parties. Costs are changing and budgets must follow suit.
Negotiation experts share tips for building win-win event contracts The ROI is in the details when drafting a vendor contract. A win-win contract allows everyone to feel that their biggest risks are covered and they can partner in good faith to execute confidently while working creatively to deliver the best event possible.
UK events – 10% commission will be paid on the value of the contractedbooking (excluding VAT), which includes the day delegate rate, room hire, and pre-booked food and beverage. etc.venues is an established leader in urban day-conferencing, providing the space needed for corporate events, trainings, and conferences.
Hotels*: Up 2%-4% Air: Up 1% F&B: Up 3%-6% Wages for Event Staff: 3%-4% *The hotel increase percentages reflect locations and rates booked by groups, not the full gamut of hotel properties. 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%
The Events.Hilton.com site is being enhanced to allow planners with groups of up to 35 attendees to book meetings online. Hilton has announced plans to roll out a direct-booking tool for small, simple meetings in early 2024. Companies in the program will have a customized booking website and receive discounted rates.
Many hotel contracts mandate use of an in-house AV provider and contain clauses prohibiting use of other vendors or charge for the privilege of using the planner’s preferred vendor. Knowing this and other nuances associated with AV services contracting can help contain event costs and access to the optimum AV solution.
Finding and booking an appropriate event venue 2. Book a call with our team today! Book a demo The post 5 Ways to Streamline Your Corporate Event Planning appeared first on EventUp Planner. First, aligning the event objective with organizational goals while staying on budget is an ever-present balancing act.
of events contracted in 6 weeks – up 225%. There are very encouraging signs that many event planners are gaining in confidence to book live events,” says Adam Simpson, Director of Marketing for etc.venues. We’ve contracted events worth £5.2m Adam Simpson, Director of Marketing, etc.venues. compared to £4.9m
Newbie event planners will often pick a venue, negotiate a deal with them, and sign the venue’s provided contract. . Here’s how your event goals can (and should) change your venue contract in those areas. If wheelchair users are attending, for example, you shouldn’t book a historic venue without ADA-accessible ramps. Management.
Other challenges they’re facing include loss of supplier contacts, rigid contract terms and higher-than-expected hotel rates. As of May 25, 2021, data shows that industry momentum is growing, with the number of event marketers booking new events nearly matching those who are rescheduling. I am booking new events (23.53%).
The hardest part of starting your own business was taking care of all the behind-the-scenes administration – setting up systems, creating contracts, sending emails, getting paid, doing taxes, marketing, etc. I promoted that wedding a lot after it happened and it helped me book clients with bigger budgets and bigger visions.
Google Cloud Next was the latest, which despite having booked Moscone Center for 2024, has announced the show will be held at Mandalay Bay instead. Events book, they change dates, and then sometimes they cancel as a matter of course. Finally, we have great deals for those that are signing multiyear contracts at one time.
What contracts need to include and how to negotiate those from third parties. Business events and hotel group room bookings are nearly half of what they were in 2019. As a result, travel planners are shifting the focus to their budgets and contracts with third parties. Costs are changing and budgets must follow suit.
How can you word the hotel contract to protect your company? Look for Synergies When Booking Venues For corporate planners aiming to efficiently source for their next event, Shaffer offered up some initial tips. You have been tasked with producing a new event—or breathing new life into one that has been on rinse and repeat too long.
We organize all of the trending information in your field so you don't have to. Join 42,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content