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If your company is looking to save time and money during the initial stages of the buying process, ProcurementIQ’s Event Facilities procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Event Facilities, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Event Facilities - Recent Price Trend

Event facility rental rates have risen at an average rate of about 1.8% per year from 2015 to 2018. Price increases have been standard across the market. Hotels, conference centers and universities have all risen their prices at a fairly similar rate. However, intense market competition has dissuaded suppliers from raising prices too significantly. In turn, market-wide price growth has been.

Event Facilities - Total Cost of Ownership

The total cost of ownership for event facility rentals depends on each specific rental request, but is high on average. A high total cost of ownership indicates that buyers pay more than 100.0% of the purchase price of their rental in additional service-related costs. Buyers face a variety of ancillary charges that include insurance, staffing, room resets, as well as food and beverages.A buyer.

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About this Report

This report is intended to assist renters of event facilities, which include banquet rooms, exhibit halls, conference rooms and classrooms. Conference centers, hotels and universities are the primary suppliers of event facility rentals. Buyers rent event facilities for a variety of uses, such as corporate meetings and business expositions. This report does not cover hotel room rental, conference and trade show planning services or audiovisual equipment rental.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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