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Event planners are experiencing sticker shock from rising costs for audiovisual, food and beverage, and other direct meeting expenses. Planners are charged with making the problem go away but have little to no negotiating power. How have you managed expectations of increased costs with your senior leadership?
Here’s what some organizers are asking for and getting: Pre-Event Content Marketing – Customized promotional video or interview, webinar, article contribution for newsletter, blog, podcast or magazine, social channel engagement. Develop a list of prioritized concessions (value adds), just like you would for hotel negotiations.
Tyra Warner, assistant professor and department chair of Hospitality and Tourism Management at College of Coastal Georgia, has seen hotel negotiations from every angle. Since Covid, hotels have been negotiating hard, and that will probably continue, she begins, then moves straight to what contract negotiators can do to manage that reality.
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. These kinds of things can explode.
Tapping into women’s strengths for negotiation success We begin to learn the art of negotiation in childhood. As we grow, we begin to negotiate with our teachers, our coaches and our friends. And by the time we graduate from college, we realize everything in life is about negotiation. It is the power of HERsuasion.
They have the power to negotiate multiple concessions. For example: If you’re negotiating a contract in 2024 for a 2027 meeting, lock in menu pricing based on current prices. For example: If you’re negotiating a contract in 2024 for a 2027 meeting, lock in menu pricing based on current prices. This see significant savings.
As soon as you know meeting registration is not meeting original forecasts: Negotiate with the hotel to release back some meeting space (if possible). Ask if food and beverage spend above the contracted minimum could count toward the room block minimum. You can subscribe to the magazine here.
See also : Win at Negotiating AV Services with Hotels. Negotiate Your AV Costs Before Signing a Contract. They want to make their money back on their equipment in roughly three rentals, which is fine for them—but that leaves plenty of room to negotiate before signing a contract. See also : How to Master the Art of Negotiating.
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.
How to prepare for 2023 contract negotiations Yes, we’re out of the pandemic shutdown, but it’s not back to “business as usual.” Add-On Travel: Negotiate pre- and post-rates in the contracting stage. For example, we’re seeing higher food and beverage (F&B) costs with little to no discounts.
List your top three, non-negotiable activities you must complete before your head hits the pillow! With a clear intention, you tailor every aspect of the event, from décor and entertainment to food and beverages, to align with your goals. Provide bite-size food portions to sample multiple dishes and eliminate food waste.
How do you handle unexpected guest counts or potential food shortages? What protocols do you have in place to ensure food safety and hygiene? There will also be plenty of food and beverage options for everyone, regardless of if an attendee is trying to stick to a diet and/or refraining from alcohol.
Negotiation experts share tips for building win-win event contracts The ROI is in the details when drafting a vendor contract. The negotiation phase is a good time to ask the hotel partner for ways to save—by using the same AV set-up as an event pre or post to share set-up costs for instance.
The March 2018 Smart Meetings Magazine cover story featuring 100 women who inspire us started with an email. In January, we asked you, our readers, to nominate the women in your lives who are making brilliant things happen every day. And, wow, did you ever respond. Rave Reviews. It showed that at the center of everything we do is “people.”
But the phone-tag negotiations moved at the speed of molasses. Along with space needs, clients input their particular requests — say, food and beverage, audiovisual, length of event — and can either book instantly, or chat with the venues to further tailor their needs for small meetings. his building.
Be reasonable, but the strong negotiator. Michelle said those experiences gave her a “more holistic approach of producing with an emphasis on design, food and beverage, and service.”. Emphasize soft skills, like organization, negotiation and attention to detail. Be able to anticipate the unexpected. Never Stop Learning.
Be reasonable, but the strong negotiator. Michelle said those experiences gave her a “more holistic approach of producing with an emphasis on design, food and beverage, and service.”. Emphasize soft skills, like organization, negotiation and attention to detail. Be able to anticipate the unexpected. Never Stop Learning.
Not only can it help you learn the lingo to help you sell your services, but it can give you insight into how the pros handle things, like negotiations to help save their clients money. You don’t have to think of it as a formal, tough, adversarial negotiation,” she said. Vendor Recommendation, Negotiation, and Coordination.
The March 2018 Smart Meetings Magazine cover story featuring 100 women who inspire us started with an email. In January, we asked you, our readers, to nominate the women in your lives who are making brilliant things happen every day. And, wow, did you ever respond. Rave Reviews. It showed that at the center of everything we do is “people.”
Consider local newspapers, magazines, TV channels, or specialized retail industry publications. Negotiate terms. Negotiate mutually beneficial terms. Finalize catering-related details Finalize your food and beverage arrangements with the caterer. Initiate conversations. Strike a fair deal. Document everything.
She has a way with words that is evident in her wonderful descriptions of food (without any food being present!) She surprised the client with an offering of sparkling rosé on site at the event for her guests; this beverage had originally been tabled due to budget concerns, but Erin was able to offer a few bottles free of charge.
In-kind sponsorship opportunities (this could be a long list but can include food, beverage, printing, a/v, entertainment, transportation, decor/floral, PR, etc.). “Understanding your participants’ purchasing power is one of the keys to negotiating with and securing event sponsors,” says Evan Harris.
Thirty-four years ago, my firm, Conferon, negotiated the first chain-wide, guaranteed commission (on net room price) contract in U.S. It will be because Marriott has misjudged the value that associations and corporations place on the convenience and cost savings that site-selection companies provide. The Evolution of the Commission Model.
As late as 1980, there was no textbook on meeting or exposition management and only one accredited college program devoted to its practice, former Convene editor Peter Shure pointed out in a 2003 story in the magazine. 1986: Food can reinforce psycho-social behavior patterns, including the feeling of being caged with no escape.
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