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3 Event Contract Trends in 2022

EventMB

If you thought event contracts were tricky before the pandemic, buckle up for even more complications. In 2020, executing the force majeure clause in a contract was fairly straightforward. Performing the activities stipulated in the contract had been made impracticable. A lot of contracts don’t specify that.

Contracts 175
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[Webinar] Negotiating International Meeting Contracts: Are You Prepared?

MeetingsNet

Webinar live date: June 13, 2019 at 2pm ET / 11am PT. Webinar live date: June 13, 2019 at 2pm ET / 11am PT. There are unfamiliar challenges when negotiating and contracting with foreign hotels, convention centers, and other vendors; different cultures to understand; and potential risks to be explored. Speaker: John S.

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Event Planning Has Risen in the Ranks of Most Stressful Jobs

Velvet Chainsaw

Unless you plan events for a booming industry, your reality working for professional and trade associations is that revenue from your 2022 and 2023 meetings is 15 percent (or more) lower than 2019. Planners are charged with making the problem go away but have little to no negotiating power. Tough times require creative thinking.

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Hotel Squeeze: Meetings-Focused Properties Expect Strong Demand in '24

MeetingsNet

The result: Less negotiability for meetings. In fact, group business ( see chart ) has recovered to the point that more group rooms were sold in October 2023 than in October 2019. However, it’s not just competition from other meeting groups that has planners in a tough spot as they negotiate contract terms for their 2024 events.

Hotels 72
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Meeting Planners Unite Sets 2019 Agenda

Smart Meetings

MPU’s leadership is also focused on negotiating for new sources of revenue for planners. Bruce reported that four audiovisual companies have agreed to offer rebates to planners when they contract for alternatives to the hotel AV team. He is negotiating with transportation companies, as well. Augmented Income Streams.

2019 89
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Managing Client Expectations in the Current Market

MeetingsNet

Let’s face it, being on either side of the table in hotel-contract negotiations is tough these days. We’re caught between clients whose expectations are stuck in 2019 and hotels that just aren’t going to budge. Here’s how one meeting professional does it. Where does that leave planners? Be prepared for poignant questions.

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Do One Thing: Your 2019 Plan for Safer Meetings

MeetingsNet

Risk-reduction actions for safer events in 2019. Here are some action items and ideas that you can implement at whatever stage of your meeting you are in, from Choosing a Location or Venue, to negotiating The Contract , or creating a Communications Policy. How safe are your meetings and events? Then one more.” .

2019 91