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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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Win at Negotiating AV Services with Hotels

Smart Meetings

However, leaving audio visual (AV) equipment services to the end could be a costly mistake, especially when negotiating these services with a hotel. Many hotel contracts mandate use of an in-house AV provider and contain clauses prohibiting use of other vendors or charge for the privilege of using the planner’s preferred vendor.

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Planners: Don’t Cry for Hotels

MeetingsNet

The latest hotel data finds that rate increases are more than making up for today's meetings market not yet being back to its pre-pandemic volume. The result: In 2024, big-city hotels are seeing more than six percent growth in event-related revenue compared to before the Covid pandemic. Across all U.S.

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

MeetingsNet

The result: Less negotiability for meetings. 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.

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Don’t Ask for a Covid Force Majeure Clause Now, and Other Advice from a Hotel Attorney

Smart Meetings

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. Negotiate a clause about what will make an event financially important to go forward and negotiate based on that.”.

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Managing Client Expectations in the Current Market

MeetingsNet

If you can’t get the hotel concessions your stakeholders are expecting, it’s in your best interest to educate them about the current landscape. Let’s face it, being on either side of the table in hotel-contract negotiations is tough these days. Here’s how one meeting professional does it. Right now is not that time.

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The Market Shifts That Led to Commission Cuts

Velvet Chainsaw

Marriott, Hilton and IHG have announced reductions in group-booking commissions from 10 percent to 7 percent for their North American hotels, to take place over a period of time this year and next. Only time will tell what impact these reductions will have on these chains’ market share. rebates negotiated by a CVB/DMO to win business.

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