This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Negotiate the Details Prepare for pushback on all fronts, Payne advised. “I Payne referred to the average hotel profit margins to help planners to help them better negotiate their contracts. The post Tips for Negotiating Your Next Big Event Contract appeared first on Smart Meetings.
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.
Properties have realized this is a great market for them will work with you on how you package your food and beverage. “It’s It’s not just the standard all-inclusive package; they’re willing to stretch that boundary with you and I think that’s made a huge difference because the food part was a big detractor.”
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. Sustainability and CSR Provide and promote water stations as an alternative to water bottles. DMC experts shared tips for containing costs without skimping on the program.
More events with more events mean more food, room blocks, entertainment, production equipment, and travel – and those all cost extra money. The silver lining is that the energy crisis can motivate our industry to start implementing sustainability in more significant, meaningful ways. Higher Food and Beverage Costs.
How do you handle unexpected guest counts or potential food shortages? What protocols do you have in place to ensure food safety and hygiene? For example, attendees in all-day meetings typically prefer lighter, protein-forward options to sustain energy while sitting for extended periods.
When building out a corporate events program, several critical factors must be considered to ensure the organization’s long-term success and sustainability. You have to wear multiple hats and juggle competing priorities: attendee preferences, corporate goals, vendors and suppliers, internal deadlines…the list goes on.
Whether your meetings specialty is event design, contract negotiations, operations management, sustainability, risk management, 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.
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.
Conversely, if you see an increase in costs, analyze your expenses to identify areas where you can cut back or negotiate better deals with suppliers. Operational efficiency is crucial for the long-term sustainability of your event or venue business. Negotiate better deals with your suppliers and vendors.
COP26 is shorthand for the 26th United Nations Climate Change Conference of the Parties, a summit which brought leaders from more than 130 nations together to negotiate a global plan to address climate change. It also was the site for negotiations. See “Glasgow’s Sustainable Head Start” at the end of this story.) “We
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.
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.
However, nothing compares to food waste. Research from the Lime Venue portfolio shows that “the average event wastes between 15% and 20% of the food it produces.” There are multiple ways to reduce food waste when planning an event. Despite better estimating, food waste is still likely. What is food donation?
But the phone-tag negotiations moved at the speed of molasses. A SUSTAINABLE MODEL. 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.
The energy consumed for event logistics, such as heating, cooling, and lighting the venue, as well as the waste generated from food and beverage services, disposable materials, and promotional items, also contributes to the environmental footprint. Get quotes from different vendors and negotiate the best deals.
We can offer a venue-finding service at seven events and negotiate with venues to get the most flexibility on your next event. 4 food & beverage. At number 4, we have food and beverage. 5 Sustainability. In a post-pandemic world, this is an important factor to consider when finding a venue for an event.
When you consider the industry, that should be obvious, but when the topics for a given issue range from technology and security trends to food and beverage and negotiating strategies, it can be difficult to remember that those things are only effective when they put the human element first.
As an experienced event professional in food and beverage, Nick is familiar with in-kind sponsorships. So, the last F&B job I had I created a form for anyone who wanted to give their services in exchange for food. It’s all about negotiation. So I in-kind donated a lot of speaking engagements.” Xander agrees.
Working with an agency can help save time and money due to the company’s efficiencies, negotiating expertise, and vendor relationships/purchasing power. Sustainability – Hosting sustainable events is becoming increasingly important to the triple bottom line (people, planet, and prosperity). and transportation options.
They can often negotiate better deals and availability. Pharmaceutical meeting planners handle it all – from venue selection and food and beverage to HCP attendee management, content creation, and more. They also own or have access to the latest event tech, staging, and production equipment, saving you time and money.
Portland, Oregon, is an excellent place for sustainable events. When negotiating your venue contracts, try to get free WiFi or, if not free, negotiate a more manageable price. It is all now in our phones, which leads into the additional benefit of advancement: sustainability. Orlando was built for conferences.
When you consider the industry, that should be obvious, but when the topics for a given issue range from technology and security trends to food and beverage and negotiating strategies, it can be difficult to remember that those things are only effective when they put the human element first.
Negotiate terms. Negotiate mutually beneficial terms. Early-bird registrations are a great start, but the subsequent steps ensure sustained interest and higher participation: Conclude early-bird offer. Finalize catering-related details Finalize your food and beverage arrangements with the caterer.
This is a bit of a joke, but they may very well have expectations regarding food and beverage that you may be unaware of unless you ask. Negotiate favorable rates with offsite venues and vendors. A bit of negotiation is expected both on the venue’s side and with your stakeholders. Speaking of which.
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.
1986: Food can reinforce psycho-social behavior patterns, including the feeling of being caged with no escape. As every laboratory rat knows, food can create and reinforce psycho-social behavior patterns, including the feeling of being caged with no escape. Does a planner’s attitude make a difference when negotiating with hotels?”
We organize all of the trending information in your field so you don't have to. Join 42,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content