article thumbnail

New Contract Essentials in an Ever-Changing Environment

SmartMeetings

2022 contracting will require going back to basics. The beginning of a new year brings the promise of new events, incentives and meetings. Contracting in the current Covid climate, however, is complex—everything feels unsettled, so it’s hard to know how to plan. How do we navigate this ever-changing environment?

Contracts 111
article thumbnail

The Art of Room Blocks

SmartMeetings

Seven Tips to Minimize the Cost of Attrition If you manage to book the block successfully, you still need a strategy to avoid busting your budget by not meeting your room block minimum. In advance: When setting up the contract, make sure it measures attrition on a cumulative basis versus per-night basis. Our quick save?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Advance Planning: A Meeting Planner’s Best Tool

SmartMeetings

How can you, as a planner, structure contracts to be flexible? What can you do at the contract level to make sure that last-minute changes don’t have a negative impact on your event or your budget? The flip side of that is the demand for pre/post stays for that particular location and/or with that particular group of attendees.

article thumbnail

Attention Meeting Planners: Instant Booking Is Finally Here

EventMB

With many meeting planners and event organizers doubling up their bookings to compensate for postponed events from 2021 (and even 2020), it’s getting harder and harder to find hotel rooms and meeting spaces for groups both large and small. In reality, the real sticking point was a matter of hotel reluctance.

Meetings 158
article thumbnail

Incentive Travel is Changing; Here’s What You Need to Know

Smart Meetings

Guest safety has become a focal aspect of incentive travel planning. What contracts need to include and how to negotiate those from third parties. Business events and hotel group room bookings are nearly half of what they were in 2019. Costs are changing and budgets must follow suit.

Travel 98
article thumbnail

Canceling An Event: What You Legally Have To Do

Endless Events

“Force majeure is a legal term that’s been around for a long time and it’s in your contracts, but it’s separate from your contracts”, Josh explains. But they let planners and groups get out of meeting contracts or frankly, any kind of supplier contracts too if they meet certain criteria.

article thumbnail

Event Planning Jobs – So Many Jobs to Consider

Master the Event

Over the last couple of decades the event, conference,meeting planning industry has exploded. In every major city (and smaller ones) there are hundreds, if not thousands, of companies that specialize in event planning. Planners usually have multiple groups, at different stages, at any given time.