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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. .
HeadBox, the UK’s fastest-growing B2B meetings and events platform, is proud to announce the release of its latest whitepaper, “How AI is Solving the Event Industry’s Biggest Challenges.” 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.
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.) Use it during team meetings to guide discussions and track progress.
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. Smart Meetings sat down with Darryl B. Keep Relationships in the Details One key aspect that is sometimes overlooked in the contract process is relationships. Resort fees.
Meeting planners are responsible for the success of corporate events, conferences, and incentive programs. Hotels, CVBs, and destinations looking to attract more group business, need to understand the top pain points of meeting planners.
Although problem solving is a part of a meeting planner’s arsenal, this can still be a pain. 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? What Does that Mean for Planners?
But entering a new relationship with a hotel usually comes with a detailed contract of agreements and stipulations. Smart Meetings chatted with Cheryl M. year period of time have shifted into the future years causing a significant demand and compression issue when contracting with hotels,” Payne said.
The Coalition’s 41st convention emphasized strength and resilience National Coalition of Black Meeting Professionals (NCBMP) held its 41st annual convention in Birmingham, Alabama, at Sheraton Birmingham Hotel and Westin Birmingham Hotel Nov. Joshua Grimes, photo by On The Run LLC “Those words are gone from most hotel contracts,” he says.
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.
Here, Smart Meetings brings you the key takeaways. #1 1 2028 is Poised to Spur a Significant Market Shift With the demand for meeting space continuing to soar, event planners are increasingly feeling the pressure to lock in venues ASAP.
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 MeetingBookings.
Experts weigh in on what needs to change to work together better Editor’s Note : Hospitality sales consultant Steve Steinhart will be speaking at Smart Meetings Extraordinary Experience in Monterey, California, Nov. If all the meetings that we have re-scheduled for 2024 come through, we will show a very nice gain in the group market.”
Now two years out from where we were at the pandemic’s genesis, one question continues to peck at the minds of meeting planners: “Can the fear of Covid be sufficient enough to trigger force majeure ?”. Post-Covid Contract Solutions.”. The Act of God: What To Include in Your Force Majeure Contract. Who’s Got Jurisdiction?
Smart Meetings’ October webinar, From Checkboxes to Strategy: Implementing and Leading Sustainable Event Practices , breaks it down. As planners learn more about practical best practices and work to implement them in their meetings, before they know it, the scope and scale of sustainability don’t seem nearly so daunting.
If your 2025 meeting budgets aren’t at least 4.3 That’s upshot of the meetings and events cost forecast released by Maritz as part of the IMEX America edition of its industry trends report. 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%
Before 2020, I was designing and facilitating around a dozen in-person meetings and conferences a year. After COVID decimated the meeting industry, I focused on the design and facilitation of online meetings. Though I love my work, it was nice to reduce the number of high-intensity workdays booked in 2023!
Predictions of a mass consolidation of the meetings industry have been swirling since the World Health Organization started advising lockdowns in early 2020 to “smooth the curve” of what was then known as novel coronavirus. The post A Unique Meetings Consolidation Model Grows appeared first on Smart Meetings.
As we speak with meeting and event professionals for our Interviews with Planners series, we continue to be amazed by the variety of books that help these talented professionals in their jobs as planners. See what other meeting planners read to help them excel in their careers. How to Grow Quickly & Profitably.
Smart Meetings chatted with Michelle Crosby, CMP, CITP, an account executive at Bright Spot Incentives and Events, and Yvette Campbell, CMP, a meeting broker at Meetings Made Easy, to explore how planners can seek out third-party agencies and independent planners that fit their needs and how to integrate resources into their organization.
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.
Smart Meetings Florida Experience elevated the gathering at every turn. Smart Meetings CEO Marin Bright The precise mixture of authentic connections, elevated experiences and innovative ideas is Smart Meetings CEO Marin Bright’s recipe for making everyone feel at home when they come together to get business done.
Editor’s Note: This is part of a series reporting on FICP Chats about the future of meetings. See also : Meeting Profs Demonstrate Community and Resiliency on #MeetingsChat. Based on the in-person site inspection, that clause should allow meetings professionals the option to cancel the contract without penalty.
Confidence in UK business meetings and events is high, with 61% of businesses forecasting higher revenue this year according to the Meetings Industry Association (MIA). 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.
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
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.
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 Events.Hilton.com site is being enhanced to allow planners with groups of up to 35 attendees to bookmeetings online. Hilton has announced plans to roll out a direct-booking tool for small, simple meetings in early 2024. The new meeting tool is one of two Hilton initiatives aimed at small- and medium-sized businesses.
“Everyone has a dog now,” Jenn Glynn, managing partner with Meeting Encore, stated this week in a conversation with Philip Eidsvold, vice president of strategic alliances at One10, about the changing demands of attracting attendees to in-person incentive trips. What contracts need to include and how to negotiate those from third parties.
Communication Think about the different ways you contact your potential customers phone calls, emails, and maybe face-to-face meetings in some cases. Proposal & contracting Now its time for everyones favorite part: closing deals. Any delays (even in this late sales stage) can kill the momentum and put the booking at risk.
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.
and UK Convene , the largest single provider of dedicated meeting and event venues in the U.S. events – 10% commission will be paid on the actualized meeting package revenue, which includes the day delegate rate and/or reception packages. Convene and etc.venues to offer 10% commission to agency partners in the U.S.
Date, venue and rates are critical and typically given priority in the earliest stages of the meeting planning cycle. 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. Contracting Out vs. In-House.
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.
After a year spent moving in-person events to digital platforms and monitoring the shifts in the feasibility of meeting in person, the timelines for holding safe in-person meetings in the future are slowly coming into focus. The video below is part of the Hotel Effie’s virtual tour.). Virtual Site Visits. Leslie Zeck.
Trade shows and exhibitions These large-scale industry gatherings allow companies to showcase products or services, connect with prospects, meet with partners/vendors, and assess competitors. Finding and booking an appropriate event venue 2. Book a call with our team today! Creating and adhering to a realistic event budget 3.
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.
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.
“Everyone has a dog now,” Jenn Glynn, managing partner with Meeting Encore , stated this week in a conversation with Philip Eidsvold, vice president of strategic alliances at One10 , about the changing demands of attracting attendees to in-person incentive trips. What contracts need to include and how to negotiate those from third parties.
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. Many organizations use their annual meeting as a fundraiser also. Events book, they change dates, and then sometimes they cancel as a matter of course. That is not true.
The following insights were derived from the Event Marketer x Mosaic EventTrack 2021 industry forecast, AnyRoad’s Experiential Trends 2021 report, Northstar Meetings Group’s May 2021 Pulse Survey and Bizzabo’s Q2 2021 Virtual Events Benchmark Report. I am booking new events (23.53%). Source: Experiential Trends).
How can you word the hotel contract to protect your company? Smart Meetings asked two veteran independent meeting professionals : ConferenceDirect Vice President Carolyn Poole and Bravo! Whenever you ask for something—extra drinks in the meeting space, AV help, etc., Events CEO Nancy Shaffer for answers.
Establishing the conference fee, contracting with the venue and locking the dates will require some effort. In one fell swoop, allow them to: Register for your event Book their hotel room Identify any special food requirements Purchase other items (VIP tour, networking event, clothing, books) Commit to one or more sponsorships 6.
The Meetings Industry Association has updated its contract and cancellation guidance to help mitigate the impact of COVID-19 on future bookings and ensure all parties are protected. To download the latest contract guideline visit [link].
The Meetings Industry Association (mia) has launched guidance to the sector to assist contract negotiations and to help mitigate the impact of COVID-19 on trade. We want to keep events alive and continue to encourage organisers to book events for the future.
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