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CWT Study: Business Travel Costs Are Still Going Up, Slightly

Smart Meetings

Plus strategies for managing increased business travel costs in 2024 Business travel and event cost are not increasing as steeply as they were in 2022, but they’re still going up, according to 2024 Business Travel Forecast , a new study by CWT and Global Business Travel Association (GBTA). In 2022, air travel saw a 72.2%

Travel 246
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Will Meetings Thrive in 2024?

Smart Meetings

A Renewed Group Focus “Just hold the contracted meetings that are on the books and minimize the cancellations that have occurred in prior years due to the pandemic, economic uncertainty and a general reluctance to hold in-person meetings,” said Dan Piotrowski, senior vice president of operations for Omni Hotels.

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Negotiating Hotel Contracts

Brightspot Incentive Events

When negotiating hotel contracts, it is fair to say things have changed. 5 Key Tips for Negotiating Hotel Contracts. A hotel partner recently shared that you should be ready to sign a hotel contract tomorrow when you begin your sourcing process. There are new rules, clauses, and regulations to be mindful of. Be Detailed Upfront.

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Can Lawmakers Improve the Air Travel Experience?

MeetingsNet

However, far fewer would say that the experience of traveling by air to get to that meeting is better than, well, not traveling by air. Can the federal government do anything about the stress and unpredictability of air travel that is sometimes the unwanted bookends to an otherwise well-organized meeting? lawmakers are trying.

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Evolution of DMCs: Deeper Trust, Transparency and Understanding

Smart Meetings

Common threads in both the survey and the roundtables were the need to change the proposal process, incorporate a Letter of Engagement to protect the planner and DMC prior to executing a contract, and improve site inspection policies. Proposal Process. The letter also sets a time frame for progressing to a contract.

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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. An organization that undervalues the importance of procurement often pays for it in numerous ways—financial and legal. Step 4: Site Tour and Evaluation Thoroughness and attention to detail are key.

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Force-Majeure Clauses: Out of Sync with Natural Disasters?

MeetingsNet

president of Philadelphia-based Grimes Law Offices, LLC, says that it’s commonly written into meeting contracts that either party has 10 days after a natural disaster or other “act of God” incident to invoke force majeure and cancel an event. But most contracts these days are the result of compromise.” Joshua Grimes, Esq.,