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Whether your meetings specialty is event design, contract negotiations, operations management, sustainability, riskmanagement, virtual events, speaker trends, food & beverage, or something else entirely, our call for speakers is seeking fresh voices to educate and spark new ideas for meetings and conventions.
Negotiation is more essential than ever for achieving cost savings, and planners should work closely with partners — including DMCs, hotels, speaker bureaus, and food and beverage vendors — to identify creative opportunities for doing more with less. Work with Partners—and Haggle. Keep F&B Simple.
That could show up in higher prices for food and beverage (F&B) which you may expect, or in costs that are somewhat disguised. For example, a “resort fee” may be called a “destination fee” or “service administration.”
Better contract negotiations. We have implemented a risk-management manual to our events and we have purchased more event insurance for better protection. Increase in what we budget for food and beverage, and managing other costs more closely. Budget control is being exercised [two mentions]. •
To get the CMP title, a person must show that they are good at negotiating contracts, planning events, managingrisks, and marketing. Additionally, you must have 25 hours of continuing education credits related to meeting management or event planning. CMP certification is now recognized as a global standard of excellence.
Event budgets also act as a riskmanagement tool. This enables organizers to devise backup plans, forge partnerships, and negotiate favorable deals with vendors to ensure that the event stays on track throughout planning and execution. Whereas, starting too late can mean less options and premium rates.
In the 28th Annual Meetings Market Survey, respondents listed rising food and beverage costs as a major challenge. Nearly 30 percent of respondents’ answers in some way reference budgets or rising costs this year, with AV, food and beverage, and Wi-Fi expenses standing out as particular pain points. Hotel negotiations.
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