Remove Financial Remove Food and Beverage Remove Negotiating
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Mastering Event Contracts: Essential Negotiation Strategies for Meeting Planners in 2025

Smart Meetings

Negotiating contracts is the first step before confirming speakers, color themes or catering options. Budget Cuts and Cancellations Shifts are bound to happen, especially for financial reasons. “I think it goes to the wisdom of making sure you lock in food and beverage prices as early as you can, Warner offered.

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Event Planning Has Risen in the Ranks of Most Stressful Jobs

Velvet Chainsaw

This perfect storm significantly threatens the sustainability of associations and adds tremendous pressure to those who are organizing events to find ways to improve their financial performance. Event planners are experiencing sticker shock from rising costs for audiovisual, food and beverage, and other direct meeting expenses.

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Urban Venues Seeing Return of Group Business

Smart Meetings

In the past several weeks, we have welcomed tech companies, financial, a crypto-currency group , realtors and association business. New York City is the financial capital, a desirable location and an exciting destination; it’s accessible. Courtney Stout, director of group sales, New York Marriott Marquis , New York City.

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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

To begin building your budget, it’s best to determine what financial success means for your event and how you want to measure it. Let’s take a look first at how you can determine what financial success means for your meeting or event before talking in more detail about cash flow. Food & Beverage @ $35/person.

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You Can Negotiate Away Annoying Hotel Fees

SmartMeetings

At New York Hilton Midtown in Manhattan, for instance, the $25 added to bills daily as an “urban destination charge” includes a $15 beverage credit at the hotel bar and a $10 food credit at the grab-and-go. I have heard of planners negotiating out this fee,” says Lauren Wolfe, a lawyer who publishes the website killresortfees.com.

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Don’t Blow Up the Budget: How to Spend Less for More

SmartMeetings

Food and beverage is an essential element of any gathering—and it is also one of the costliest. It’s unfortunate that copious amounts of food go to waste, but event professionals need to ensure there is something for everyone and that there is enough. Savvy Contract Negotiations. In-House Catering.