Hudson
  • Home
  • About
  • News
  • World Wide Web
  • Business
    • Real Estate
    • Brands
  • Tech
  • Stock Market
  • Contact

How The Rising Prices Of Food And Beverages Affect The Event Management Industry

  • By Walter Baker
  • Apr-4-2017
  • Business
  • Comments Off on How The Rising Prices Of Food And Beverages Affect The Event Management Industry

If you will notice, there is one thing common in corporate events, annual banquets and conferences including weddings – food and beverages. In all the events, food and beverage take centre stage; however, industry experts report that the high cost of food and beverages have a dampening effect on the event’s budget.

Prices of food and beverages are rising globally. Since the cost of food and beverage represents 30% to 50% of an event budget, event organizers and consumers are concerned about its effects in the industry. On the other hand, industry experts in Northeast Ohio say that events are not yet affected because the increase in food and beverage prices are still to be felt.

Adding to the pressure faced by event organizers is Cleveland’s high visitor profile because of the explosion of new hotels and the Republican National Convention. Because the demand for hotel rooms is very high right now, event venues have less incentive to provide corporate events with discounted rates. Hotels that want to profit from large groups of businesses boost the bottom line by increasing the prices of its food and beverages.

In order to sustain the events management industry, it is important to inform clients of the trend in the industry. Since food and beverages account for 30% to 40% of an event’s budget, clients must realize that whatever bargains enjoyed last year are not available this year. For example, if changes are made in the entrée selection, increased costs can be mitigated. Instead of fillet, short ribs can be suggested.

However, the choice of food and beverages is usually a decision made the hosts and not the organizers and caterers. The cost of food per person may increase substantially but it will not have an adverse effect on the willingness of corporations and businesses to hold events.

When you want an event to be different from the rest, give conference management service a call. Aside from honesty and ethics, the event organizer will work with you to ensure the best possible outcome. Flawless on-site execution is guaranteed because the event management team set exceptionally high standards in the performance of their tasks.

It's only good to share...Pin on Pinterest
Pinterest
0Share on Facebook
Facebook
0Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin

Comments

← Previous Post Next Post →

Business Keynote Speakers To Watch

Recent Posts

  • The Meaning Of Client-Lawyer Relationship
  • Google Ads Now With Identity Verification, Google News Reports Added To Google Search Console For New Publishers
  • Tips For Writing Good Online Reviews
  • A Look At The Logistical Demands Of The COVID-19 Vaccine
  • When To Use Illustrations

Selected Topics

  • Accountant
  • Advagym App
  • Advertise
  • AFL
  • Art
  • Baby Product
  • Bank
  • Bike
  • Bikini
  • Boat
  • Brands
  • Business
  • Car
  • Carpet
  • CCTV cameras
  • Chiropractor
  • Christmas
  • Cleaning
  • Clothing
  • Courier
  • COVID-19 Vaccine
  • Crematorium
  • Currency
  • Customer Reviews
  • Dental Implants
  • Design
  • Drug
  • DVD
  • Economy
  • Education
  • Electrician
  • Employee
  • Entertainment
  • Finance
  • Flooring
  • Food
  • Foundation
  • Funeral Services
  • Furniture
  • Game
  • Google
  • hEALTH
  • Healthy Lifestyle
  • Home Depot
  • Home Improvements
  • Hotel
  • Illustrations
  • Industry
  • Insurance
  • International School
  • King Kong Reviews
  • Landmarks
  • Lawyers
  • Legals
  • Lifestyle
  • Logistics
  • London
  • Lowest
  • Management
  • Maps
  • Marketing
  • Medical Tourism
  • Money
  • Mortgage
  • News
  • Noise
  • Online Marketing
  • Online shopping
  • Pandemic
  • Pest Control
  • Plumbing
  • Print
  • Products
  • Real Estate
  • Removal
  • Resort
  • Restaurant
  • Roofs
  • Security
  • SEO
  • Service
  • Services
  • Servies
  • Skin
  • Stickers
  • Stock Market
  • Tax
  • Tech
  • Tiles
  • Tips
  • Transport
  • Trucking
  • Uncategorized
  • Website
  • Wedding
  • World Wide Web

Tools that will help you with your business

  • Blog Topics Generator
  • BuzzSumo
  • Evernote
  • LinkedIn Pulse
  • Portent Title Maker
  • Quick Sprout
  • Quora
  • Trello
Editor Of Hudson
Walter Baker

There are a lot more that the Hudson does to keep peace and order which they want people to know. Read the latest news and updates.

Archives
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • March 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • May 2015
  • April 2015
  • March 2015
  • January 2014
LEGALS

Hudson (C) 2016 All Rights Reserved. 273 Geneva Street, Brooklyn, NY 11206, USA

Powered by WordPress  |  Business Directory by InkThemes.