2023 Contracts Food and Beverage Negotiating 
Smart Meetings
MARCH 20, 2024
Force m ajeure and clauses to keep in your next contract Watch the full webinar here. Contracts are the life blood of the meeting industry. Keep Relationships in the Details One key aspect that is sometimes overlooked in the contract process is relationships. Gratuities Minimums for food and beverage. Resort fees.
Velvet Chainsaw
MARCH 15, 2023
According to a study by the World Scholarship Vault , event planner stress levels are hitting a new high — the third-most stressful job in the world for 2023. Event planners are experiencing sticker shock from rising costs for audiovisual, food and beverage, and other direct meeting expenses. But things have changed.
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MeetingsNet
JANUARY 5, 2024
The result: Less negotiability for meetings. percent) in 2024, compared to a strong 2023 that saw pent-up demand unleashed after the Covid pandemic. In fact, group business ( see chart ) has recovered to the point that more group rooms were sold in October 2023 than in October 2019. percent) and guest-room rate (3.0
SmartMeetings
JULY 28, 2023
In advance: When setting up the contract, make sure it measures attrition on a cumulative basis versus per-night basis. Another contract solution is to ask for the option for the hotel to resell any unused rooms to lessen the attrition, if applicable. Set up the contract to allow for a post-meeting audit. Our quick save?
SmartMeetings
FEBRUARY 2, 2023
How to prepare for 2023 contract negotiations Yes, we’re out of the pandemic shutdown, but it’s not back to “business as usual.” From workforce shortages to inflation worries, what should event planners be looking for when it comes to 2023 contracts? On the “high” side: Larger deposits up-front for hotel contracts.
MeetingsNet
NOVEMBER 21, 2023
It’s no secret that costs for just about every element of meetings and events shot up in 2023—and even the slowing inflation rate probably won’t be enough to head off further event-cost hikes in 2024. McKinnon also implored planners to “get the term ‘prevailing rates’ out of your contracts.
SpotMe Blog
JUNE 13, 2023
They can often negotiate better deals and availability. Pharmaceutical meeting planners handle it all – from venue selection and food and beverage to HCP attendee management, content creation, and more. SpotMe Named a Leader in The Forrester Wave : B2B Event Management Technology, Q1 2023 report.
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