Remove 2020 Remove Conference Remove Contracts Remove Negotiating
article thumbnail

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 173
article thumbnail

Renegotiating Live Event Agreements When All Parties Are Innocent Victims

Velvet Chainsaw

hotel industry is projected to report a 51-percent decline in revenue per available room (RevPAR) in 2020, according to a special forecast revision from STR and Tourism Economics on March 31. Many conference organizers want to change their exhibit contract language or attendee cancellation policies to avoid future losses.

Contracts 398
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Navigating Rising Costs at Your Events

PCMA Convene

Adrian Ott (from left), Clare Melton, and Ori Lahav discuss the rising costs associated with planning conferences and events at Convening EMEA 2023. This was a vital lesson for his association — understanding the fixed costs to deliver an outstanding experience and where there is room for negotiation.

article thumbnail

Tips for Difficult Conversations from FICP22

Smart Meetings

After two years of not meeting, companies and audiences may have different goals and expectations so conferences that were previously produced as simple iterations on the previous years’ event must now be reinvented whole cloth. Once the contract has been signed, the tough talk doesn’t stop. By the Numbers. Jeff Calmus. Tell a Story.

article thumbnail

In-Person Events: Good News and Bad News

MeetingsNet

Global DMC’s survey found that 60 percent of 2020 incentive-travel programs are still expected to happen but with later dates in 2020 or even early next year, while 75 percent said that 2021 incentive-travel programs are moving forward in planning. 25 percent said lack of airlift will be a major concern once in-person meetings return.

Airlines 124
article thumbnail

When Can You Invoke Force Majeure for 2021 Meetings?

PCMA Convene

Members of PCMA’s Catalyst community discuss when they might be able to invoke the force majeure clause in contracts for 2021 meetings. We have a 2021 contract in late April in Chicago for which we updated the force majeure clause to include COVID-19 as a specific situation that would allow us to cancel.

2021 98
article thumbnail

The Event Planner’s Guide to Venue Sourcing and the RFP Process 2023

Stova

The Event Planner's Guide to Venue Sourcing and the RFP Process This guide examines a shift event professionals are experiencing in negotiation power with venues. For the first time in decades, event professionals are in command of the venue negotiation and selection process. The sharing economy is giving power back to the user.

Venues 40