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Two Tensions Keeping Senior Event Professionals Up at Night

Velvet Chainsaw

below 2019. The good news is that 2024 is expected to eclipse 2019 results by 3.6%. In addition to negotiating and locking in pricing, some of the tactics to consider are: Decreasing the event length by a couple hours or half-day. The bad news is that full year performance for 2023 participation and revenues is expected to be 9.5%

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Event Trends for 2019–2020

GEVME

Even if your 2018 events made an incredible impression, in 2019–2020, you should learn how to make these experiences even more memorable and impressive. The top 10 event planning trends in 2019–2020. Transformation is the trend that will define the primary direction of event industry development in 2019–2020.

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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.

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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. This webinar is for U.S.

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Planners: Don’t Cry for Hotels

MeetingsNet

cities in Q4 2023 was only about 93 percent of what it was in Q4 2019, group rates are nearly 14 percent higher now versus 2019. destinations, Q4 2023 meeting volume was about 92 percent of what it was in Q4 2019, but rates have risen about 17 percent over that time. Across all U.S.

Hotels 65
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75% of travel managers in Europe expect 2022 business travel volume to surpass 2019 levels according to new Cvent report

Event Industry News

Three quarters (75%) of respondents expect their organisation’s 2022 travel volume to eclipse 2019 levels, with more than a third (32%) citing they expect volumes to “increase significantly”. These insights can help hoteliers better understand their buyers and prepare for more successful negotiations. Changing programme priorities.

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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