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Event Facilities Procurement Research Report | Published: Nov 2016

Helping businesses make better purchasing decisions, faster

Event Facilities: Procurement Research Report Highlights

Benchmark Price RFP/RFQ/Negotiation Questions
3-year Price Forecast Supply Chain Analysis
Supplier Intelligence Sample Buyer Decision Scorecard
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The Event Facilities procurement report contains data and analysis of current and future trends when buying goods and services. IBISWorld’s in-depth procurement research is always presented in a logical and consistent format for easy reference throughout a company. The Event Facilities Procurement Research Report contains growth forecasts for a three-year outlook period and supplier profit benchmarks so your company can make the right purchasing decision.

Report Snapshot
Price Forecast & Benchmarking
Benchmark Price
Benchmark Price
Price Change 13-16
IBISWorld Buyer
Power Score
X.X
Profit Benchmark
Profit Benchmark
Price Change 16-19
Price Change
Event Facilities - Recent Price Trend

Event facility rental rates have risen at an average rate of about 1.5% per year from 2013 to 2016. Price increases are standard across the market among hotels, conference centers and universities, without a particular supplier type instituting significantly faster price growth than others. In addition, intense market competition has dissuaded suppliers from raising prices too significantly. In... purchase to read more

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... purchase to read more

 


About This ReportRelated ReportsTable of Contents

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.



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