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Here’s Why Your Event Budget Needs to Increase in 2023

Endless Events

Of course, our event marketing budgets will need to be higher in 2023 than in 2021 or 2020. More events with more events mean more food, room blocks, entertainment, production equipment, and travel – and those all cost extra money. Higher Food and Beverage Costs. The Rise of Energy Costs .

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Planners Face Changes in Their Hotel-Sales Relationships

MeetingsNet

At Red Lion, “we partnered with an outsourced sales organization in mid-2020 to keep things going with the many small meetings we host, and we probably won’t see that set-up going away.”. In that time, “we saw lots of property salespeople and directors of sales get furloughed or let go, and even some people in regional sales offices.”

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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.

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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. Keep F&B Simple.

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‘Time to Be an Informed Planner’: Legal Sourcing Tips and Strategies for Hybrid Events

Event Leadership Institute

Key Takeaways: Be a fully informed planner: read the entire contract, ask questions, and hire a hospitality attorney if you need assistance in reviewing, negotiating, or renegotiating a contract. If you or your organization require expert assistance, you should contract the services of a professional.

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3 Ways to Source Smarter in a Sellers’ Market

MeetingsNet

Take these incentives as a sign that you now have the upper hand in negotiations, a rare reprieve in today’s climate where suppliers typically hold all the leverage. . And 2019 and 2020 don’t look much better. . So, start searching now for your 2019/2020 events. The best rates, dates, and space in 2018 have already been booked.

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Share the Brand Love with Five Activation Ideas for Valentine’s Day

Event Marketer

Fun fact: Resy negotiated with its restaurant partners to hold the reservations for dates two weeks out—something that could help out last-minute planners or forgetful partners ahead of Valentine’s Day. Russell Stover Chocolates went all in on an actual wedding in 2020 between a couple with the last names Russell and Stover in Barnstead, NH.