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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. year period of time have shifted into the future years causing a significant demand and compression issue when contracting with hotels,” Payne said. Smart Meetings chatted with Cheryl M.

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Your Event Goals Should Determine Your Venue Contract — Not The Other Way Around

Endless Events

Newbie event planners will often pick a venue, negotiate a deal with them, and sign the venue’s provided contract. . Instead of morphing your event goals around the venue’s rules, approach your venue with a list of non-negotiables. Here’s how your event goals can (and should) change your venue contract in those areas.

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Event Planning Has Risen in the Ranks of Most Stressful Jobs

Velvet Chainsaw

This perfect storm significantly threatens the sustainability of associations and adds tremendous pressure to those who are organizing events to find ways to improve their financial performance. Planners are charged with making the problem go away but have little to no negotiating power. Tough times require creative thinking.

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Pain Point Number 1: Rising Costs

MeetingsNet

A recent survey takes the pulse of meeting planners, asking about budgets, contracts, airfares, virtual meetings, and more. Contracts: The survey asked planners about their number-one concern when negotiating a contract. Only two percent of respondents said force-majeure negotiations was their biggest concern.

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10x Your Next Conference: Why Now, More Than Ever, You Should Use Holistic Procurement Methodology

Smart Meetings

A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations. Read More : Year of the Sustainable RFP Let me connect the dots for you. The choices made here ripple through to create a more responsible and sustainable event industry.

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10x Your Next Conference: Why Now, More Than Ever, You Should Use Holistic Procurement Methodology

SmartMeetings

A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations. Read More : Year of the Sustainable RFP Let me connect the dots for you. The choices made here ripple through to create a more responsible and sustainable event industry.

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The New Bottom Line

SmartMeetings

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.