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Money Talks: Defining an Event Budget

TicketBud

Event budgets also act as a risk management 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.

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Budget Financial Meetings: Doing More with Less

SmartMeetings

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. A collaborative approach will always benefit you in all aspects, including managing costs.”.

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Top Considerations for the Safe Return of In-Person Events

Eventsforce

You also need to consider other locations (for dine arounds etc) and attractions that your people will visit, plus their accommodation and transportation. You may wish to make some rules non-negotiable. And it’s also super helpful to look at risk management with fresh eyes. The event venue is one part of this ecosystem.

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Top 6 Event Planning Certifications To Boost Your Career

Eventtia

Event planners also handle logistics like transportation and accommodations. To get the CMP title, a person must show that they are good at negotiating contracts, planning events, managing risks, and marketing. Event planners ensure that all the details of a particular event are taken care of.

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Bracing for Brexit

PCMA Convene

Companies are by definition risk-averse entities. The exit procedure will trigger a long phase of instability of two years only to negotiate the possible leaving conditions, and 10 more to possibly rewrite rules and commercial treaties. In this phase, alternatives will be sought.

Tourism 40
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Bracing for Brexit

PCMA Convene

Companies are by definition risk-averse entities. The exit procedure will trigger a long phase of instability of two years only to negotiate the possible leaving conditions, and 10 more to possibly rewrite rules and commercial treaties. In this phase, alternatives will be sought.

Tourism 40
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What Is the Meetings Industry’s No. 1 Challenge?

PCMA Convene

Hotels were a recurring topic, as planners noted a decrease in the ability to negotiate contracts, along with pressures associated with lowered commissions and increased competition for space. When Marriott-owned organizations are the only game in town, your choices and the ability to negotiate goes down to zero. Hotel negotiations.