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Tips for Negotiating Your Next Big Event Contract

Smart Meetings

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.

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Creative Methods to Generate More Revenue for Your Next Conference

Smart Meetings

While sponsorships have been prevalent for a long time, further information about the popularity of digital and print options might surprise you. Also, 83% of exhibitors have purchased at least one sponsorship from 2017-19. Provide exclusive or a finite number of sponsorship opportunities. Sell refund protection.

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How To Use WiFi As An Event Sponsorship Asset

Endless Events

Everybody gather ’round because we’re about to teach you how to use WiFi as an event sponsorship asset! And all of this by using WiFi as an event sponsorship asset. How To Use WiFi As An Event Sponsorship Asset – Video Transcription. Password Strategy In WiFi As An Event Sponsorship Asset. Minimal Costs!

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The Thoroughly Modern Event Budgeting Checklist

Smart Meetings

Does your company have money allocated for the event or are you solely relying on the income brought in by registration fees and sponsorship dollars? Whether they’re checking IDs for a 21-plus event, patrolling your event space overnight, or keeping your attendees safe during the event, contracting a security company is a must.

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Solving for Pricing, Sponsorships, and Skills Challenges When Going Digital

PCMA Convene

As for pricing sponsorships: This appears to be the Wild, Wild West right now. Not all contracts can be canceled free and clear, and there are, of course, sunk costs associated with a canceled face-to-face event. Sponsors and exhibitors are finding letting go of their long-term behaviors challenging.

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Budget, Innovation and Engagement Ideas Were Centerstage at Global DMC Partners Annual

Smart Meetings

If you can contract far enough in advance, you can secure better rates before supply is squeezed. Negotiate with vendors and hotels for terms such as reduced management fees and service hours, things attendees can’t see and you might be able to handle internally. Like most things in life, timing makes a difference.

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Olympics Crisis and Hotels’ Pain Provide Event Contract Lessons

MeetingsNet

Understanding things like event-insurance fine print and which areas of operation hotels get group revenue from will help planners become better at contracting and negotiating. This article from Reuters has more details on the postponement-clause fine print in those event-insurance contracts.