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How To Save Money When Planning a Meeting Series

How To Save Money When Planning a Meeting Series

Consider alternate patterns

Most groups try to schedule their meetings to take place in the middle of the week. However, if your meeting is only a few days long, try to schedule it towards either in the beginning or the end of the week so that the hotel could possibly book two groups during that week instead of one. This allows the hotel to maximize revenue for the week, and therefore your group will not be looked upon to pay the higher rates needed to meet their revenue goals.

Find great hotels in Second Tier Cities

Love to go to Phoenix in the winter for the incredible weather, but can’t find reasonable rates or availability? Try Tucson! Wish you could afford San Francisco… how about Oakland instead? It is close to all three major airports in the area and they have a great train that can get you to downtown San Francisco in minutes!

Hot dates

Many hotels send us their “hot dates” regularly, letting us know the dates they need to fill and usually offer incredible incentives to clients for booking over those needed dates.

Ensure guests are checked in under your room block to avoid attrition penalties

Organizations are going as far as penalizing attendees for not checking in under the group room block. If an association gets hit with a high bill for attrition, it could force them to lose a substantial amount of money and possibly increase membership rates to compensate for it. This is a good incentive for attendees to book rooms properly.

Allow use of your meeting room after hours

If you only need your meeting room during daytime hours, allow the hotel to book an evening reception. You can substantially reduce meeting room rental this way.

Negotiate important concessions into your contract

Some examples of important concessions are late check-outs or upgrades, it is best to negotiate them prior to the contract. Typically hotels will not accommodate those requests after the contract has been signed.

Share staging materials with other groups before or after your meeting

If you have extensive audio visual or staging requirements, ask about the groups meeting before or after your group, if they have similar needs, you may be able to save on set up or breakdown costs.

Hold meal functions in meeting room

Seek sponsorships

Obtain quotes from outside vendors

Hotels will typically not allow you to bring in food and beverage for your group, but sometimes you can find better prices on audio visual equipment by getting a few quotes.

Consider international destinations

There are fantastic international destinations that are inexpensive to fly to and have extraordinary hotels at fair prices. Call VenueQuest to help you locate a great international hotel for your next meeting!