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Event Budget Basics: Everything You Need to Know

Eventmobi

A budget is a detailed forecast of what will be happening financially at your event. It helps control your expenses and revenues, and measures the success of your meeting or event performance. When building your event budget, it’s best to determine what financial success means for your event and how you want to measure it.

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Event Planning Has Risen in the Ranks of Most Stressful Jobs

Velvet Chainsaw

Unless you plan events for a booming industry, your reality working for professional and trade associations is that revenue from your 2022 and 2023 meetings is 15 percent (or more) lower than 2019. Event planners are experiencing sticker shock from rising costs for audiovisual, food and beverage, and other direct meeting expenses.

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8 Clues that Your Meeting Hotel Is—or Isn’t—Financially Strong

MeetingsNet

As meeting bookings resume, planners need to do their due diligence to ensure that their property of choice will be operating—and delivering service levels that meet expectations. It should be someone who can pick up on the overall condition of hotel, staffing levels, and food & beverage quality.

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Budget Financial Meetings: Doing More with Less

SmartMeetings

Meetings in the financial and insurance sector require outside-the-box thinking. The economy was humming along before the coronavirus hit, but even then the majority of meeting planners in the financial and insurance industries were keeping their budgets in neutral. Financial and insurance meetings in the U.S.

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How to Develop an Event Budget for Your Meeting

Eventmobi

Developing an event budget is a crucial element when planning your meeting or event. To begin building your budget, it’s best to determine what financial success means for your event and how you want to measure it. Determine What Financial Success Means For Your Meeting or Event. Plan a Budget For Your Meeting or Event.

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Financial Meeting Planners Face Special Challenges During Crises

SmartMeetings

When the going gets tough, the tough cut costs—at least in the financial and insurance conference sector, where budgets often are more likely to come under the scrutiny of regulators. More : Budget Financial Meetings: Doing More with Less. Risk management is a team challenge and should be approached from every angle.”.

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Reimagining Luxury Venues for Meetings and Events

EventMB

There isn’t a single definition of “luxury” for hotels and meeting venues, but attendees recognize it when they experience it. Skift Meetings partnered with the Grand America Hotel, a top-tier property in Salt Lake City, to produce this report, highlighting strategies for achieving a truly luxurious experience.

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