TicketBud

DECEMBER 13, 2023

Instead, event planners are living within the constraints and are more reliant on proper planning and financial forecasting to ensure the success of their events. Why Event Budgets are Important A budget serves as a financial blueprint for a successful event, aligning expenses with desired outcomes and ensuring financial viability.

Negotiating 113

Negotiating Financial Food and Beverage Sponsorships 113

Smart Meetings

OCTOBER 18, 2022

Now, the question is how to build contracts moving forward. Phoenix-based hotel attorney Lisa Devlin sat down for some rapid-fire questions about what is and isn’t working today and offered her prescription for a win-win solution to trading contract clauses. Read More : A Breakdown of Post-Pandemic Contract Clauses.

Hotels 98

Hotels Negotiating Contracts Financial 98

SmartMeetings

APRIL 3, 2020

Meetings in the financial and insurance sector require outside-the-box thinking. The economy was humming along before the coronavirus hit, but even then the majority of meeting planners in the financial and insurance industries were keeping their budgets in neutral. Financial and insurance meetings in the U.S.

Financial 88

Financial Insurance Meetings Food and Beverage 88

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. This article from Reuters has more details on the postponement-clause fine print in those event-insurance contracts.

Contracts 72

Contracts Hotels Insurance Negotiating 72

PCMA Convene

APRIL 25, 2024

Like many associations, SMFM signs contracts with its host destinations years in advance. That clause allowed SMFM to exit a contract up to two years prior to the meeting date if the state passed a law banning abortion pre-viability. The financial penalty for canceling was steep — almost half a million dollars. Gerard said.

Meetings 117

Meetings 2024 Contracts Healthcare 117

Velvet Chainsaw

APRIL 13, 2020

The previous low for occupancy was during the financial crisis in 2009 when occupancy was 55 percent. However, from past experience, any time that there has been a shift from a seller’s to a buyer’s market, those contracts signed during a seller’s market just flat out had to be updated. From Recovery to Reform. Remove Barriers.

Contracts 398

Contracts 2009 Hotels 2020 398

SmartMeetings

JANUARY 2, 2018

I have heard of planners negotiating out this fee,” says Lauren Wolfe, a lawyer who publishes the website killresortfees.com. Even if a hotel has no resort or urban fees currently, I would put it in writing in the contract, so that there is no potential issue in the future. The room rate was renegotiated, she says. “It

Negotiating 66

Negotiating Hotels Food and Beverage Contracts 66

Smart Meetings

SEPTEMBER 14, 2023

An organization that undervalues the importance of procurement often pays for it in numerous ways—financial and legal. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.

Conference 98

Conference Site Selections Negotiating Contracts 98

SmartMeetings

SEPTEMBER 14, 2023

An organization that undervalues the importance of procurement often pays for it in numerous ways—financial and legal. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.

Conference 98

Conference Site Selections Negotiating Contracts 98

Eventtia

OCTOBER 20, 2023

It serves as a financial roadmap, providing a clear view of all expenses and revenues associated with the event. By creating an effective event budget plan, organizers can exercise financial control and achieve maximum returns on their investments. Quick note: This guide works for free-to-participate events.

Financial 117

Financial Negotiating Entertainment Retail 117

ePly

JANUARY 3, 2024

A Guide for Event Profs in the Age of Rising Costs Welcome to 2024, where contract negotiations continue to be a critical but dreaded aspect of event planning. In this day and age, negotiation skills are even more essential as event professionals strive to deliver memorable experiences while staying on budget.

Negotiating 87

Negotiating Contracts 2024 Events 87

Smart Meetings

DECEMBER 23, 2021

What contracts need to include and how to negotiate those from third parties. As a result, travel planners are shifting the focus to their budgets and contracts with third parties. Glynn shared that this new threat is scary for every traveler, every planner, every third-party negotiator.

Travel 98

Travel Negotiating Contracts 2022 98

MeetingsNet

MARCH 7, 2024

The hyper-granular attention to detail required to negotiate and contract the various parts of an event, and then manage the ever-changing tactical and strategic elements leading up to the opening session, is beyond my capabilities.

Negotiating 59

Negotiating Contracts Financial Education 59

ePly

APRIL 2, 2024

Financial savvy: From vendors to decorations to marketing, events can become very pricey affairs. No matter which sector you choose, though, there are some skills that are non-negotiable. For example, offering long-term work to a vendor may mean that you can negotiate lower prices for all contracts.

Negotiating 62

Negotiating Financial Event Planning Events 62

Smart Meetings

NOVEMBER 15, 2023

Financial & Insurance Conference Professionals (FICP) brought 700 thought leaders together at JW Marriott Marco Island Beach Resort in Florida to prepare meeting professionals for whatever comes next with a call to reflect, discover and recharge.

2023 105

2023 Negotiating Insurance Financial 105

Smart Meetings

DECEMBER 23, 2021

What contracts need to include and how to negotiate those from third parties. As a result, travel planners are shifting the focus to their budgets and contracts with third parties. Glynn shared that this new threat is scary for every traveler, every planner, every third-party negotiator.

Travel 98

Travel Contracts Negotiating Hotels 98

SmartMeetings

JUNE 16, 2020

In the fifth of FICP’s new virtual education series, Financial & Insurance Professionals (FICP) Chats, more than 200 participants explored how to book group business for future meetings, including immediate adjustments for events, and how those were not being written into RFPs for the long-term. Uncertainty Persists in the Short Term.

Meetings 119

Meetings Contracts Insurance 2025 119

Event Planning BluePrint

MARCH 25, 2024

An event planner must be adept at understanding client visions, negotiating with vendors, managing staff, and engaging with guests. Strategic planning ensures that every decision, from theme selection to vendor contracts, contributes to the overarching objectives of the event. Thus, strong interpersonal skills are vital.

Event Planning 62

Event Planning Financial Negotiating Education 62

Smart Meetings

NOVEMBER 15, 2022

Koleen Roach, director of meetings and conference management at Securian Financial Group, led a panel of veteran explainers during Financial and Insurance Conference Professional ’s 2022 Annual Conference at Omni Boston Hotel at the Seaport. Once the contract has been signed, the tough talk doesn’t stop. By the Numbers.

Financial 98

Financial Insurance Contracts Medical Meetings 98

Event Leadership Institute

JULY 28, 2021

If you or your organization require expert assistance, you should contract the services of a professional. 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.

Contracts 80

Contracts Negotiating Food and Beverage Hotels 80

Attendease

FEBRUARY 20, 2024

It’s crucial to monitor expenses closely and adhere to the budget to ensure financial stability. Make sure you have signed contracts in place at least three months out. Engage stakeholders Identify and actively engage key stakeholders from day one, including sponsors, partners, vendors, and internal teams.

Corporate Events 195

Corporate Events Food and Beverage Social Media Event Management 195

SmartMeetings

JUNE 3, 2019

When searching for a venue, securing a property with in-house catering gives planners some elbow room—financially and in menu customization. It’s more difficult to negotiate prices with a venue that outsources its food and beverage service, as it doesn’t have much control over food options. Savvy Contract Negotiations.

Food and Beverage 80

Food and Beverage Contracts Negotiating Financial 80

The Castle Group

SEPTEMBER 3, 2021

At Castle, we are continually consulting with our clients to help them make the best decisions for their stakeholders, achieve their meeting goals and mitigate financial loss.

Meetings 97

Meetings Negotiating Contracts Financial 97

Smart Meetings

DECEMBER 13, 2023

Unbound by restrictions of government agencies, associations can make long-term impactful changes in areas like healthcare and the financial fields. “I Read More: Tips for Negotiating Your Next Big Event Contract What the Audience Needs To create the best experience for your attendees, Mason suggests the traditional route of surveying.

Association Meetings 105

Association Meetings Meetings 2026 Healthcare 105

ePly

JANUARY 3, 2024

A Guide for Event Profs in the Age of Rising Costs Welcome to 2024, where contract negotiations continue to be a critical but dreaded aspect of event planning. In this day and age, negotiation skills are even more essential as event professionals strive to deliver memorable experiences while staying on budget.

Negotiating 48

Negotiating Contracts 2024 Events 48

Stova

MAY 25, 2023

For example, Stova’s event technology simplifies event sourcing and gives you the power to better negotiate with venues. Much like popular real estate search sites, mark your favorite venues to easily compare, share experiences, and see venues booked company-wide to leverage negotiations. Improve Request for Proposal (RFP) efficiency.

Venues 52

Venues Negotiating Contracts Travel 52

SevenEvents

OCTOBER 17, 2023

step 1: define your event objectives before delving into the financial aspect of your event, it’s crucial to have clear objectives. some costs, such as the venue and essential equipment, should take priority, while others may be negotiable. one of the most fundamental aspects of organising a successful event is budgeting.

Negotiating 52

Negotiating Food and Beverage Insurance Contracts 52

Smart Meetings

DECEMBER 19, 2022

The pair started with 25 brands and negotiated offerings to build a marketplace of “collections” at levels ranging from $1,500 to $10,000 for two guests, including taxes, fees and gratuities. Cassidy stressed that the programs they offer are not meant to take the place of organized incentive travel.

Travel 97

Travel Airlines Insurance Negotiating 97

Event Planning BluePrint

JUNE 1, 2016

Question: Have you ever run up against a client who suddenly stopped paying for your event services, which left you wondered what to include in your event legal contracts to protect you and your event business? Your Event Legal Contracts. At what point do you sue over breach of contract? (16:29). Geneen via @eventblueprint.

Contracts 90

Contracts Events Event Planning Insurance 90

Smart Meetings

NOVEMBER 9, 2018

A lawyer with 25 years of experience in hotel and group contracts, she doesn’t mince words when it comes to planners needing to take the steps necessary to handle any complications that might arise. Financial Risks. In these cases, Delvin said, it all comes down to making sure the contract covers every eventuality. “A

Risk Management 65

Risk Management Management Contracts Insurance 65

Stova

MARCH 17, 2023

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

Venues Negotiating Food and Beverage 2023 40

Smart Meetings

SEPTEMBER 1, 2022

They negotiate for higher wages, improved benefits including retirement plans and family healthcare, job training, due process and safety concerns. The financial benefits of union membership have been recorded several times. In San Francisco, there are 60 properties with solid union contracts that are not at risk for striking.

Hospitality 98

Hospitality Contracts Hotels Healthcare 98

Social Tables

AUGUST 10, 2023

It’s also important for prospective event planners to understand that while the field can be financially rewarding, it can also be demanding and stressful. They are often employed by the company itself, or by an external planning organization that contracts with their clients. Learn how to negotiate contracts.

Trade Shows 78

Trade Shows Insurance Corporate Events Negotiating 78

GEVME

AUGUST 13, 2019

A creative event partnership ca n provide financial stability and future prospects for your event. To offer valuable resources aside from the obvious financial benefits, partners can bring other assets, such as networks, media coverage or client lists you can access to increase your brand awareness and succeed. Signing a contract.

Contracts 136

Contracts Financial Social Media Marketing 136

Eventtia

OCTOBER 10, 2023

For instance, if you’re following the model of Campari Group, tools for managing budgets or other financial considerations become paramount. Also, it will help you identify your event’s requirements and the non-negotiable capabilities for its success. Negotiate pricing, review legal stipulations, and assess technical requirements.

Negotiating 118

Negotiating Retail Financial Management 118

Management Events

MAY 16, 2023

Look into technical capabilities, financial stability, track record, and compliance considerations as well. Strategically Negotiate Contract Terms During this critical part of the vendor selection process, be strategic. DO: Review the contract thoroughly and running it by your legal and compliance department before signing.

Negotiating 52

Negotiating Contracts Risk Management Trade Shows 52

QC Event School

MAY 20, 2021

Since the beginning of the global pandemic, the event industry has seen a substantial financial loss, and many vendors and venues have gone out of business. Contract negotiations and securing new vendors. Over the last year, COVID-19 has drastically impacted many aspects of our lives. What once were large, in-person events (i.e.

Event Planning 105

Event Planning Negotiating Contracts Financial 105