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Skyrocketing Costs Squeeze Event Budgets

Velvet Chainsaw

Credit: iStock Event organizers are feeling the pinch as industry suppliers, venues and transportation companies rebound from the pandemic. Event venues are raising rates for basic services like electrical, internet, trash management and catering. Travel costs are rising due to strong demand (led by the leisure sector).

2023 222
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75+ Ideas to Cut Meeting Costs

MeetingsNet

How to stretch your event budget for food and beverage, event tech, ground transportation, and venues. Mike May, president of Brightspot Incentives & Events, said he tells clients to expect increases of around 30 percent for airfares, 20 percent for guest rooms, and 10 percent for food and beverage.

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8 Event Budget Adjustments Needed to Host Safe Events in 2021

Event Farm

Venue and governmental regulations keep changing. We looked at the cost differential between today and 2019 when the actual summit took place to get a sense of the expense increases you can expect when planning your events. View the session recording #1: Venue and staff costs – 24% increase. Onsite testing is another variable.

2021 317
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Budget Financial Meetings: Doing More with Less

SmartMeetings

According to the Fall 2019 Pulse Survey, conducted by Financial and Insurance Conference Professionals (FICP), only one-third (33 percent) of planners planned to grow the size of their meetings in 2020, and just 14 percent planned to expand their incentive programs. Work with Partners—and Haggle. Maybe a three-hour event is 2.5

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Wedding Planners Celebrate an Anniversary in High Style

MeetingsNet

Over the course of three days in April 2019, the T&G expo relied on the flexibility and resourcefulness of the Sands Conventions and Exhibitions team to manage a variety of requests and adjustments involving capacity, floor layout, event arrangement, audiovisual needs, and lighting. Exceptional Clients, Exceptional Experiences.

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A "Craigslist" for Canceled Meetings?

MeetingsNet

To help meeting groups mitigate cancellation-related costs, Amsterdam-based CXL-Events.com launched this week as an online marketplace for reselling and purchasing contracted elements of meetings and special events, including guest rooms, venue rentals, catering and audiovisual services, group tours, transportation services, and other items.

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Making the Case for DMCs

PCMA Convene

In the AIM Group International white paper titled “How to Create a Truly Unique Destination Experience and the Latest DMC Trends,” AIM’s Bob Novak looked at whether DMCs can keep adding value in the current market as well as what trends are emerging for 2019. Ethical Food. Does that mean that DMCs are no longer needed?