Multi-year Agreements and Your Meetings
Take a look at the pros and cons
Signing a multi-year contract with a venue or venue group can make meeting planners’ lives just that much easier. It streamlines negotiations year over year, it holds the possibility of discounts and other perks and it allows a planner to build a relationship with the venue.
But as the past few years have shown, meeting contracts can be tricky to navigate if something goes wrong. The pandemic put event planners in a position where they couldn’t host gatherings they’d already signed off on, possibly changing the way meeting planners evaluate contracts for the foreseeable future.
So, what’s the right choice for your association? Before deciding on a multiyear agreement, take a look at its pros, cons, and implications.
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