Articles tagged “costs”

The best cost-saving ideas are the ones that are easiest to implement and invisible to attendees.

Predicting the future of the meetings industry is tough, but we do it every year. As we look back at 2024, here's our honest look at what we got right, what we got wrong, and what's still percolating.

Concerns linger about destination safety, rising costs, audiovisual/tech expenses, and hotel contract inflexibility, according to Future Partners State of the Meetings & Convention Industry research.

Taking last year’s budget and adding an inflation adjustment will no longer cut it given today’s economy.

Destination charges. Administrative fees. Water excise taxes. Hotel fees can add 30 to 40% to a meeting budget.

As costs continue to rise, meeting professionals are shifting their gatherings to less-expensive secondary cities, according to meetings industry data company Knowland. 

A new report from Cvent says that despite rising costs two-thirds of planners across Europe have increased event budgets compared to 2022.

The cost of events and conferences in the UK is up by almost 25%. Business is strong for now, but there are likely challenges ahead.

Wrapping up an intense year filled with ups and downs, we share the most popular news stories published on Skift Meetings in 2022.

Skyrocketing costs are putting unprecedented pressure on meeting and event professionals to stay on budget and still produce successful events. However, there are ways to alleviate the added costs.