| | | | | | | | | | Dear Guest, Welcome to Meeting Escrow's monthly newsletter featuring industry articles related to the financial & risk management solutions we provide for meetings and events: single vendor payment, foreign currency budget protection, funds management, event insurance, VAT recovery, and advance deposit escrow accounts.
| | | | | | Book a discovery call with Meeting Escrow to learn how our financial trust & payment solutions can help your organization. | | | | | |
How to protect your programs' foreign currency budget
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Given attendance is on the rise and international programs are in full swing, we wanted to highlight one of our financial and risk management tools to mitigate budget unpredictability when managing multiple currencies. Learn about our Foreign Currency Budget Protection.
| | Pressure felt by event planners |
M&C/Asia - February 28, 2023 - The backlog in rescheduled pandemic events is challenging, with 30% of planners saying they have yet to produce meetings that weren't cancelled and rescheduled during the pandemic. It is also reported that planners are sourcing unique non-hotel/non-conference centre venues for larger-sized groups who want something different due to increased F&B costs at hotels and convention centers. To relieve some of this added workload stress, consider outsourcing your program elements, such as financial management. Vendor payments, foreign currency protection and final reconciliation can free up much-needed resources.
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How can event planners mitigate against strikes
| M&IT - May 5, 2023 – "With the events and hospitality industries still feeling raw after the last two years and with another set of strikes on the way, venues, suppliers, and organisers clearly need to be flexible."
| | Risk assessment project for associations |
Northstar - April 21, 2023 - Covid has taught us the importance of identifying and reducing risks for the global meetings and events industry. Working with international and local stakeholders, a new Copenhagen Convention Bureau project aims to unlock ‘much-needed knowledge’ about risk in the global meetings industry for association event planners and local suppliers.
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Unfair fares a threat to aviation recovery
| M&C/Asia - April 11, 2023 - "Almost anyone who has purchased an airline ticket of late knows there are no bargains to be had right now. Yet, it’s not just passengers who are being whacked by high airfares “significantly above the global average”, according to Airports Council International (ACI). Airports are suffering, too, and for the same reason."
| | Industry heading back to pre-Covid levels |
Northstar - April 17, 2023 - This article reflects what we are seeing at Meeting Escrow, that the industry is rebounding and busier than ever. This article reflects what we see at Meeting Escrow the industry is rebounding and busier than ever. For those reading our newsletter for the first time and are unfamiliar with how we can help reduce workload while providing valuable financial and risk management services for the global meetings and events industry, please visit our website.
| | | | | | | | | | | | | | | | | | UPCOMING EVENTS WHERE WE CAN CONNECT: SITE Canada Southern Ontario Mixer, May 21, 2023, London IMEX Frankfurt, May 23-25, 2023, Frankfurt
SITE Canada, Summer Social, June 13, 2023, Toronto IMEX America, October 17-19, 2023, Las Vegas | | | | | | | | | | | | | | | | | | | |
