News & Articles - costs

  • meetings

    Rising Costs Top Meetings Industry Report

      Planners are optimistic about 2024, with almost half expecting to book more meetings than in 2023, according to the 2024 State of the Meetings Industry. Event planners are feeling optimistic about 2024, with approximately 42 per cent expecting an increase in bookings, 32 per cent forecasting growth of up to 20 per cent and almost 10 per cent projecting a boost over 20 per cent. Additionally, planners expect their meeting sizes to grow in the coming year. More than…

    Breaking News

  • common mistakes event

    The Value of an Event Planner

      By Angela Zaltsman Companies across the nation have seen employees transition from remote to hybrid to sometimes fully in-person work environments. Why? Because if the last three years have taught us anything, it is the value of being with one another. Work culture and building employee engagement are often pointed to as the motivation behind a push for in-office facetime, but studies have shown that team events are the true catalyst for meaningful employee-employer relationships. Team events offer not…

    Event Operations, The Business of Meetings

  • event challenges planners

    Ongoing Challenges For Event Planners

      The good news is that 2022 has been a productive year for the meeting and event planning industry. We have seen a resurgence of activity for meetings, events and incentives. We need this resurrection so that planners can start to feel productive and confident again. We need it because it means that corporate businesses are starting to consider live meeting opportunities. We need it because suppliers are becoming very active again with RFPs for 2022 and beyond. Overall, we…

    Event Operations

  • prices

    Business Travellers to See Higher Prices

      Global travel prices are predicted to continue to increase in the remaining months of 2022 and throughout 2023, according to the 2023 Global Business Travel Forecast, published by CWT, the B2B4E travel management platform, and the Global Business Travel Association (GBTA), the voice of the global business travel industry. Rising fuel prices, labour shortages, and inflationary pressures in raw material costs are the primary drivers of the expected price growth, according to the report, which uses anonymized data generated…

    Breaking News

  • The Real Cost of Hosting a Webinar

    One of the first (and most important) questions people ask when exploring webinar options is, how much will it cost? Understanding the expenses associated with a webinar is key to being able to project and manage your return on investment. Webinar Platform The most obvious cost associated with running a webinar is the platform. Some simple platforms are free up to a certain number of attendees, while more advanced technologies typically require that you pay a monthly or annual fee…

    Event Operations, Virtual Events

  • Venue contract wisdom is often woefully insufficient

    By Heather Reid A side-by-side examination of 12 signed and negotiated contracts for booking events into unconventional venues unveiled disturbing discrepancies to me. The “unconventional venue” contracts included the following Canadian locations: cultural centre, city-owned sport facility, entertainment complex, music hall, high-risk recreational facility, heritage facility, aquarium, brewery, two recreational/amusement facilities and museums in three different cities. A wide variety of unconventional venues for sure! Here are a few of the disturbing findings of my side-by-side review: Indemnification Clause: 6…

    Event Budgeting, Event Operations, Meeting Checklists, Meeting Community, Site Selection, The Business of Meetings

  • The high cost of combined contract clauses

    An association conference was scheduled for spring 2019 at a Canadian hotel property. The most glaring issue with the association’s venue contract was the fact that it included two clauses related to Food and Beverage (F&B) that, when combined, were detrimental: Sliding Scale and Attrition. The association’s minimum anticipated spend for F&B was $100,000. This was the Sliding Scale for F&B spend: > $100,000.00 F&B: Meeting room rental charge would be waived, offered complimentary $80,000.00 to $99,999.00 F&B: Meeting room…

    Event Budgeting, Event Operations, Food & Beverage, Meeting Checklists

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