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Event Contracts: Agree to Be Agreeable

SmartMeetings

Negotiation experts share tips for building win-win event contracts The ROI is in the details when drafting a vendor contract. A win-win contract allows everyone to feel that their biggest risks are covered and they can partner in good faith to execute confidently while working creatively to deliver the best event possible.

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Tips for Negotiating Your Next Big Event Contract

Smart Meetings

But entering a new relationship with a hotel usually comes with a detailed contract of agreements and stipulations. State of the Market Based on the current state of the market, Payne has seen a shift occur due to the events that transpired during Covid-19. Hotels want to make up for lost time, lost money.

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Hotels Chase the Money, Leave Groups in the Lurch

MeetingsNet

Does your hotel contract make it easy for a hotel to relocate your business? If your hotel contract was written before or during the Covid pandemic, you’d better watch your back. If the hotel cancels, the group now has to submit a list of its actual costs to move, with receipts to prove it. “If Grimes, Esq.

Hotels 105
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Hotel Squeeze: Meetings-Focused Properties Expect Strong Demand in '24

MeetingsNet

From the wide view, the hotel industry should expect only a modest rise in demand (1.8 But from a narrower perspective—namely, looking at the hotels that accommodate the most business events—both demand growth and room-rate growth might well surpass those estimates. The result: Less negotiability for meetings.

Hotels 72
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Stubborn Hotel-Labor Shortages: What Should Planners Expect?

MeetingsNet

It’s a baffling trend, and one that hotel guests and meeting planners alike must contend with: The percentage of U.S. hotels experiencing a staffing shortage rose from 79 percent in January to 82 percent in May, according to a new report released by the American Hotel & Lodging Association.

Hotels 104
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A Planner’s Guide to Event Vendors 

Social Tables

Planners may rely on one or two vendors for smaller events, like a business luncheon, while food vendors may make up as much as 5% of the total attendee count at massive outdoor events (e.g., Food & and beverage suppliers. Food and beverage (F&B) suppliers play a significant role in most events.

Contracts 131
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Smart Moves in Berkeley, Hollywood and More

Smart Meetings

Throughout his career, he has managed numerous hotel portfolios and successfully led operations in various California hotel communities. In his most recent role as general manager of Calistoga Motor Lodge, he spearheaded a construction project that added 39 rooms, reduced food and beverage costs and skillfully managed finances.