Expert insights. Personalized for you.
In the end, the shakeout wrought by the first major industry contraction in over a decade will yield unexpected benefits: a new ecosystem of smarter, better-skilled and more nimble professionals laser-focused on producing events with strong ROI, and a dynamic and engaging user experience across virtual, hybrid and in-person platforms. . This article, and the ones that will follow, will provide insights on many inflection points likely to occur in 2021 and beyond. Intro. MORE
SWIFT (The Society of Worldwide Interbank Financial Telecommunication) has appointed Grass Roots to provide a range of delegate management services for Sibos, its annual conference and exhibition for the financial industry, until 2021. The post Grass Roots awarded three-year Sibos contract appeared first on Event Industry News. MORE
The organisers, which bought the festival back into local hands recently, say the money will help them offer tickets for a 2021 festival which would be completely transferable to the following year or refundable if there were to be another cancellation. MORE
They gave us three options: Terminate our original contract and they would return our deposit with no penalty, Reschedule the event in 2020 with new contract terms; or. Postpone to 2021 with the same contract terms.”. The contract terms were favorable,” said Saunders. MORE
This is especially pertinent today, with COVID-19 impacting event plans through 2020 and possibly even into 2021. Before diving into the work, your agreement must be ratified by a contract. Remember that termination clause in your contract? MORE
Steering the UK exhibition industry in a progressive direction in 2021. The new appointments and investments that Full Circle are making underscore its bullish instinct for 2021, when its knowledge and experience will be vital in rescuing aspects of the industry that are today under threat. MORE
NCC Events (NCCE) has signed a five-year rolling contract with the NEC to keep the Caravan, Camping and Motorhome Show and the Motorhome and Caravan Show at the Birmingham based venue until 2021. The shows, held in February and October respectively, are the UK’s largest and most prestigious leisure vehicle sales events. Both are among […]. The post NCC Events signs five-year deal with the NEC appeared first on Event Industry News. Exhibition News News MORE
HBAA board and senior management share their predictions for 2021. Collaboration and consolidation will be key trends for the business events, accommodation and meetings industry in 2021, according to the HBAA. MORE
Understanding things like event-insurance fine print and which areas of operation hotels get group revenue from will help planners become better at contracting and negotiating. With the Summer Olympic Games in Tokyo postponed to 2021 , some of the biggest insurance firms in the world are breathing an enormous sigh of relief. This article from Reuters has more details on the postponement-clause fine print in those event-insurance contracts. MORE
On the upside, most thought 2021 would be a better year. Acing the Post-COVID Contract. Force majeure, sometimes referred to as “act of God,” is an agreement between parties that their contract may be suspended or varied in specific exceptional circumstances. MORE
Contracting : At this time, we are evaluating all aspects of the meetings and events space–including the contracting phase. If guests express concerns that they may have contracted COVID-19, our hotel management will advise them to reach out immediately for professional medical assistance. What we are seeing through Meetings Mean Business is a lot of planners rescheduling and moving their meetings to later in the fall or early 2021. MORE
American Express’s 10th annual Global Meetings and Events Forecast offers insights into what the industry can expect in 2021. Probably in late 2021. Most respondents reported that they expect to hold their next in-person event in the second half of 2021. MORE
Some smaller companies are open to lending items to you with a specific contract confirming that you have the item and will return it in a certain amount of time. You may be wondering… “what is a styled shoot?”. Well, here is everything you need to know about styled shoots! MORE
It was deemed “better than nothing,” but if used, it was suggested that this option should accompany a clause in the contract that allows an in-person site inspection at a future date. Based on the in-person site inspection, that clause should allow meetings professionals the option to cancel the contract without penalty. Hotel cancellation dates were being used as one of the guides for making decisions to cancel Q4 2020 and/or Q1 2021 events. MORE
Bristol City Council has awarded Richmond Event Management (REM) the contract to organise the annual Bristol Harbour Festival until 2021. Following a competitive tender process, REM has been awarded the contract, valued in the region of £600,000, to organise Bristol Harbour Festival for the next four years. The post Bristol Harbour Festival awards REM Four Year Contract appeared first on Event Industry News. MORE
Members of PCMA’s Catalyst community discuss when they might be able to invoke the force majeure clause in contracts for 2021 meetings. I would request diagrams based on your contracted numbers. MORE
It’s no surprise that when PCMA recently asked meeting planners about what they hoped to encounter at PCMA’s annual meeting, Convening Leaders, in January 2021, one response was that the meetings industry needs to create an entirely new blueprint for the future of events. Meeting professionals also are looking for guidance from their peers and industry leaders in rethinking everything from contracts to F&B to registration costs and business models. MORE
Meetings professional participants indicated they would like to have options for increased AV spends considered as part of contracted minimums if lower attendance means lower F&B and room night spends. Incentive Outlook for 2021. A consideration for 2021 meetings, according to participants, is the ability for qualifiers to achieve sales goals in the current environment. Editor’s Note: This is part of a series reporting on FICP Chats about the future of meetings. MORE
The light at the end of the tunnel will reveal a meetings industry that looks much different than before, with an emphasis on safety , food servicing and contract clauses. I think how we meet will change—changes in food service/hybrid events/contract clauses/venues and cleaning parameters…” she tweeted. 2021: New and improved practices.”. MORE
Whether they’re responding to new prospects, following up with them for contract signatures or chasing down clients for payments or vital input for their event, there is rarely any free time in their schedule. Challenge: Chasing contract signatures and invoice payments wastes valuable time. MORE
GL events has secured a new three-year contract with Grandstand Media Ltd to support the Horse of the Year Show. GL events will continue to support the event into 2020 and 2021, creating a bespoke spectator seating area within hall 2 of the NEC. This is another important contract for us, again demonstrating the quality of our grandstand seating and the trust our clients invest into GL events’ project management,” commented Scott Jameson, GL events UK group managing director. “It’s MORE
A good planner will be able to review contracts and work out solutions with each of your existing vendors. Many venues are booked years in advance so rebooking into 2021 might not be easy with what is quickly shaping up as a double wedding season next year. MORE
Cast members at Walt Disney World Resort in Lake Buena Vista, Florida, overwhelmingly voted to accept a new five-year labor contract that will pay a starting wage of $15 an hour by 2021. Starting pay for hourly, nontipped Disney workers will increase to $11 an hour in December, and will increase by an additional $1 per year until October 2021, when it reaches $15 an hour. an hour more by 2021. MORE
With a BBC contract confirmed and several other big sponsorship names in the frame for 2021, in this episode Spelfie CEO, Chris Newlands, details the design and development behind the tech, how it works and what an effective, cost-efficient space shot means for micro-influencers. MORE
This means that the majority of businesses in our sector will not be able to generate sufficient revenue to support their contribution towards employees’ salaries, nor will they be able to contract in the huge self-employed community within the industry.”. The majority of those bookings have moved to 2021. The Government have so far failed to engage with MP’s questions regarding the lack of support for companies, freelancers and staff from the events sector. MORE
In a late June webinar that drew more than 700 corporate and association meeting planners, 64 percent of attendees responded that they expect their organizations to return to holding in-person events by January 2021. 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. MORE
The reason: PRIA’s annual conference is scheduled at a property in Milwaukee over those same August dates, but when the DNC news became public she had not yet heard from her upscale, meetings-friendly host hotel about that huge citywide that is likely to need the 230 guest rooms her group is contracted to use. “I We were 90 percent done with the contract for our 2021 annual meeting in Reno, Nevada, when the property’s sales rep told us that she had been furloughed,” she said. “It’s MORE
Millions of pounds worth of supplier contracts had to be withdrawn and cancelled and for every single festival these contractors and crews had exactly the same story. All of whom have had no work for the past four months with little likelihood of restarting until Spring 2021 at the earliest. MORE
Lastly, Shannon said, remember to start the virtual platform contracting conversation early. Depending on your company, there may be multiple internal teams who need to be involved in the contract review from legal, privacy, systems management, data transfer, and technology processes.”. MORE
I truly believe we will see some sort of digital/hybrid component for in-person events into 2021 and beyond, and I want my clients’ meetings to be as effective, engaging, and inclusive as possible. I’ve added an addendum to my contract releasing me and my staff from any liability if a guest or vendor gets sick, that my clients must sign. As different regions begin to relax “stay at home” policies, businesses have begun the process of reopening. MORE
Globex 2020 editor Carole Boletti said, “The global exhibition market size is likely to drop by $19.9bn, with the total estimated market size shrinking to approximately $9.1bn by the end of 2020 (a 69% contraction). MORE
Four Best Venue Management Software Solutions of 2021. #1 Easy-to-build proposals, contracts and BEOs … with electronic signatures. Contracts with multi-signer capabilities and contract management oversight. View and e-sign proposals, contracts and BEOs. MORE
While meeting professionals on both sides of the contract were optimistic about incentive travel returning even faster than the rest of the industry, the return to activity was seen as more robust than the full budget return. “We MORE
The global exhibitions market is set to contract by c.70% in 2020, according to the latest Globex updated 2020 forecast released today by strategy consultancy, AMR International. MORE
To be transparent, we also realized that for smaller events there is frequently no budget allocated, so negotiating contracts was a waste of energy. These self-service subscription options will be available some time during Q1 2021, when it will be a simple process to upgrade Basic accounts. MORE
In the survey, 64 percent of respondents predicted they will host a live event between August 2020 and January 2021. GDP’s survey had found that 63 percent of survey respondents had no plans for their 2021 events to be completely virtual. In terms of incentive events, 60 percent of respondents to GDP’s survey said that their 2020 incentive programs still are planned to take place, just postponed to later dates, and that 75 percent of 2021 incentive programs are moving forward. MORE
Has this year strengthened your relationship with the event contract? Over the months, Sheaks noticed more hotels and venues using liability waivers, along with enhancing safety protocols, revising contracts , signage and training. MORE
Over the months, Sheaks noticed more hotels and venues using liability waivers, along with enhancing safety protocols, revising contracts , signage and training. The post Event Contract Considerations for 2021 appeared first on Smart Meetings. MORE
If your wedding has been postponed due to COVID-19, you are likely going through your vendor contracts with a fine toothed comb. Here’s How to Properly Store Your Dress Before the Big Day Dates to Avoid Hosting Your Wedding in 2021, 2022 & 2023 Willa and Z say “I Do” in a Stunning Backyard Wedding. But there is something that you may not have thought of – the dress! MORE
billion expansion, now underway and slated for completion in 2021, will add over 1 million square feet of space. Opening in phases through 2021, the redesign of LaGuardia Airport will increase taxiway space and add passenger amenities. billion redevelopment will add a one-million-square-foot terminal and other changes appearing from 2020 to 2022, while a $34 million improvement of Stewart International Airport will be completed by 2021. MORE
Planning Pod’s all-in-one platform gives new event facilities 20+ easy-to-use tools to set up systems for managing booking calendars, sales, client communications, contracts, billing, payments and more. MORE
Planning Pod
JANUARY 12, 2021
Planning Pod’s all-in-one platform gives new event facilities 20+ easy-to-use tools to set up systems for managing booking calendars, sales, client communications, contracts, billing, payments and more.
Planning Pod
JANUARY 10, 2021
Whether they’re responding to new prospects, following up with them for contract signatures or chasing down clients for payments or vital input for their event, there is rarely any free time in their schedule. Challenge: Chasing contract signatures and invoice payments wastes valuable time.
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SmartMeetings
DECEMBER 24, 2020
Has this year strengthened your relationship with the event contract? Over the months, Sheaks noticed more hotels and venues using liability waivers, along with enhancing safety protocols, revising contracts , signage and training.
SmartMeetings
DECEMBER 24, 2020
Over the months, Sheaks noticed more hotels and venues using liability waivers, along with enhancing safety protocols, revising contracts , signage and training. The post Event Contract Considerations for 2021 appeared first on Smart Meetings.
Event Industry News
JANUARY 14, 2021
To be transparent, we also realized that for smaller events there is frequently no budget allocated, so negotiating contracts was a waste of energy. These self-service subscription options will be available some time during Q1 2021, when it will be a simple process to upgrade Basic accounts.
EventPlanning
JANUARY 10, 2021
Some smaller companies are open to lending items to you with a specific contract confirming that you have the item and will return it in a certain amount of time. You may be wondering… “what is a styled shoot?”. Well, here is everything you need to know about styled shoots!
Event Industry News
DECEMBER 15, 2020
HBAA board and senior management share their predictions for 2021. Collaboration and consolidation will be key trends for the business events, accommodation and meetings industry in 2021, according to the HBAA.
Planning Pod
NOVEMBER 12, 2020
Four Best Venue Management Software Solutions of 2021. #1 Easy-to-build proposals, contracts and BEOs … with electronic signatures. Contracts with multi-signer capabilities and contract management oversight. View and e-sign proposals, contracts and BEOs.
Event Industry News
OCTOBER 8, 2020
The global exhibitions market is set to contract by c.70% in 2020, according to the latest Globex updated 2020 forecast released today by strategy consultancy, AMR International.
Event Leadership Institute
DECEMBER 10, 2020
In the end, the shakeout wrought by the first major industry contraction in over a decade will yield unexpected benefits: a new ecosystem of smarter, better-skilled and more nimble professionals laser-focused on producing events with strong ROI, and a dynamic and engaging user experience across virtual, hybrid and in-person platforms. . This article, and the ones that will follow, will provide insights on many inflection points likely to occur in 2021 and beyond. Intro.
Smart Meetings
OCTOBER 2, 2018
Cast members at Walt Disney World Resort in Lake Buena Vista, Florida, overwhelmingly voted to accept a new five-year labor contract that will pay a starting wage of $15 an hour by 2021. Starting pay for hourly, nontipped Disney workers will increase to $11 an hour in December, and will increase by an additional $1 per year until October 2021, when it reaches $15 an hour. an hour more by 2021.
MeetingsNet
MARCH 25, 2020
Understanding things like event-insurance fine print and which areas of operation hotels get group revenue from will help planners become better at contracting and negotiating. With the Summer Olympic Games in Tokyo postponed to 2021 , some of the biggest insurance firms in the world are breathing an enormous sigh of relief. This article from Reuters has more details on the postponement-clause fine print in those event-insurance contracts.
Event Industry News
OCTOBER 16, 2017
SWIFT (The Society of Worldwide Interbank Financial Telecommunication) has appointed Grass Roots to provide a range of delegate management services for Sibos, its annual conference and exhibition for the financial industry, until 2021. The post Grass Roots awarded three-year Sibos contract appeared first on Event Industry News.
Event Industry News
NOVEMBER 22, 2016
Bristol City Council has awarded Richmond Event Management (REM) the contract to organise the annual Bristol Harbour Festival until 2021. Following a competitive tender process, REM has been awarded the contract, valued in the region of £600,000, to organise Bristol Harbour Festival for the next four years. The post Bristol Harbour Festival awards REM Four Year Contract appeared first on Event Industry News.
SmartMeetings
DECEMBER 10, 2020
While meeting professionals on both sides of the contract were optimistic about incentive travel returning even faster than the rest of the industry, the return to activity was seen as more robust than the full budget return. “We
SmartMeetings
JUNE 16, 2020
It was deemed “better than nothing,” but if used, it was suggested that this option should accompany a clause in the contract that allows an in-person site inspection at a future date. Based on the in-person site inspection, that clause should allow meetings professionals the option to cancel the contract without penalty. Hotel cancellation dates were being used as one of the guides for making decisions to cancel Q4 2020 and/or Q1 2021 events.
Event Industry News
NOVEMBER 1, 2019
GL events has secured a new three-year contract with Grandstand Media Ltd to support the Horse of the Year Show. GL events will continue to support the event into 2020 and 2021, creating a bespoke spectator seating area within hall 2 of the NEC. This is another important contract for us, again demonstrating the quality of our grandstand seating and the trust our clients invest into GL events’ project management,” commented Scott Jameson, GL events UK group managing director. “It’s
SmartMeetings
JULY 31, 2020
On the upside, most thought 2021 would be a better year. Acing the Post-COVID Contract. Force majeure, sometimes referred to as “act of God,” is an agreement between parties that their contract may be suspended or varied in specific exceptional circumstances.
SmartMeetings
JULY 4, 2020
Contracting : At this time, we are evaluating all aspects of the meetings and events space–including the contracting phase. If guests express concerns that they may have contracted COVID-19, our hotel management will advise them to reach out immediately for professional medical assistance. What we are seeing through Meetings Mean Business is a lot of planners rescheduling and moving their meetings to later in the fall or early 2021.
SmartMeetings
APRIL 17, 2020
The light at the end of the tunnel will reveal a meetings industry that looks much different than before, with an emphasis on safety , food servicing and contract clauses. I think how we meet will change—changes in food service/hybrid events/contract clauses/venues and cleaning parameters…” she tweeted. 2021: New and improved practices.”.
PCMA Convene
DECEMBER 14, 2020
American Express’s 10th annual Global Meetings and Events Forecast offers insights into what the industry can expect in 2021. Probably in late 2021. Most respondents reported that they expect to hold their next in-person event in the second half of 2021.
Event Industry News
DECEMBER 3, 2020
With a BBC contract confirmed and several other big sponsorship names in the frame for 2021, in this episode Spelfie CEO, Chris Newlands, details the design and development behind the tech, how it works and what an effective, cost-efficient space shot means for micro-influencers.
PCMA Convene
JULY 6, 2020
In the survey, 64 percent of respondents predicted they will host a live event between August 2020 and January 2021. GDP’s survey had found that 63 percent of survey respondents had no plans for their 2021 events to be completely virtual. In terms of incentive events, 60 percent of respondents to GDP’s survey said that their 2020 incentive programs still are planned to take place, just postponed to later dates, and that 75 percent of 2021 incentive programs are moving forward.
PCMA Convene
SEPTEMBER 30, 2020
They gave us three options: Terminate our original contract and they would return our deposit with no penalty, Reschedule the event in 2020 with new contract terms; or. Postpone to 2021 with the same contract terms.”. The contract terms were favorable,” said Saunders.
Event Industry News
SEPTEMBER 13, 2017
NCC Events (NCCE) has signed a five-year rolling contract with the NEC to keep the Caravan, Camping and Motorhome Show and the Motorhome and Caravan Show at the Birmingham based venue until 2021. The shows, held in February and October respectively, are the UK’s largest and most prestigious leisure vehicle sales events. Both are among […]. The post NCC Events signs five-year deal with the NEC appeared first on Event Industry News. Exhibition News News
Event Industry News
OCTOBER 13, 2020
The organisers, which bought the festival back into local hands recently, say the money will help them offer tickets for a 2021 festival which would be completely transferable to the following year or refundable if there were to be another cancellation.
Event Industry News
SEPTEMBER 25, 2020
This means that the majority of businesses in our sector will not be able to generate sufficient revenue to support their contribution towards employees’ salaries, nor will they be able to contract in the huge self-employed community within the industry.”. The majority of those bookings have moved to 2021. The Government have so far failed to engage with MP’s questions regarding the lack of support for companies, freelancers and staff from the events sector.
MeetingsNet
JULY 7, 2020
In a late June webinar that drew more than 700 corporate and association meeting planners, 64 percent of attendees responded that they expect their organizations to return to holding in-person events by January 2021. 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.
Event Industry News
NOVEMBER 19, 2020
Globex 2020 editor Carole Boletti said, “The global exhibition market size is likely to drop by $19.9bn, with the total estimated market size shrinking to approximately $9.1bn by the end of 2020 (a 69% contraction).
Connect Your Meetings
JULY 27, 2018
billion expansion, now underway and slated for completion in 2021, will add over 1 million square feet of space. Opening in phases through 2021, the redesign of LaGuardia Airport will increase taxiway space and add passenger amenities. billion redevelopment will add a one-million-square-foot terminal and other changes appearing from 2020 to 2022, while a $34 million improvement of Stewart International Airport will be completed by 2021.
SmartMeetings
MAY 11, 2020
Meetings professional participants indicated they would like to have options for increased AV spends considered as part of contracted minimums if lower attendance means lower F&B and room night spends. Incentive Outlook for 2021. A consideration for 2021 meetings, according to participants, is the ability for qualifiers to achieve sales goals in the current environment. Editor’s Note: This is part of a series reporting on FICP Chats about the future of meetings.
Event Industry News
SEPTEMBER 29, 2020
Steering the UK exhibition industry in a progressive direction in 2021. The new appointments and investments that Full Circle are making underscore its bullish instinct for 2021, when its knowledge and experience will be vital in rescuing aspects of the industry that are today under threat.
Eventmobi
MAY 18, 2020
I truly believe we will see some sort of digital/hybrid component for in-person events into 2021 and beyond, and I want my clients’ meetings to be as effective, engaging, and inclusive as possible. I’ve added an addendum to my contract releasing me and my staff from any liability if a guest or vendor gets sick, that my clients must sign. As different regions begin to relax “stay at home” policies, businesses have begun the process of reopening.
MeetingsNet
APRIL 3, 2020
The reason: PRIA’s annual conference is scheduled at a property in Milwaukee over those same August dates, but when the DNC news became public she had not yet heard from her upscale, meetings-friendly host hotel about that huge citywide that is likely to need the 230 guest rooms her group is contracted to use. “I We were 90 percent done with the contract for our 2021 annual meeting in Reno, Nevada, when the property’s sales rep told us that she had been furloughed,” she said. “It’s
All Seated
AUGUST 12, 2020
This is especially pertinent today, with COVID-19 impacting event plans through 2020 and possibly even into 2021. Before diving into the work, your agreement must be ratified by a contract. Remember that termination clause in your contract?
Unique Venues
JULY 23, 2020
A good planner will be able to review contracts and work out solutions with each of your existing vendors. Many venues are booked years in advance so rebooking into 2021 might not be easy with what is quickly shaping up as a double wedding season next year.
Event Industry News
JULY 30, 2020
Millions of pounds worth of supplier contracts had to be withdrawn and cancelled and for every single festival these contractors and crews had exactly the same story. All of whom have had no work for the past four months with little likelihood of restarting until Spring 2021 at the earliest.
PCMA Convene
JULY 8, 2020
It’s no surprise that when PCMA recently asked meeting planners about what they hoped to encounter at PCMA’s annual meeting, Convening Leaders, in January 2021, one response was that the meetings industry needs to create an entirely new blueprint for the future of events. Meeting professionals also are looking for guidance from their peers and industry leaders in rethinking everything from contracts to F&B to registration costs and business models.
EventSource
NOVEMBER 6, 2020
If your wedding has been postponed due to COVID-19, you are likely going through your vendor contracts with a fine toothed comb. Here’s How to Properly Store Your Dress Before the Big Day Dates to Avoid Hosting Your Wedding in 2021, 2022 & 2023 Willa and Z say “I Do” in a Stunning Backyard Wedding. But there is something that you may not have thought of – the dress!
Event Leadership Institute
DECEMBER 3, 2020
Lastly, Shannon said, remember to start the virtual platform contracting conversation early. Depending on your company, there may be multiple internal teams who need to be involved in the contract review from legal, privacy, systems management, data transfer, and technology processes.”.
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