How to budget your food requirements while planning conferences and other events
At most events, food and beverage is the most expensive item on the budget.
Therefore it makes sense to think through how you'll optimize your expenses
on this item.
Here are some questions to ask and issues to consider at the event planning
stage.
- How many meals will be included in the registration price and how many are
attendees expected to take care of on their own?
- What's the total cost of food and beverages? Remember to include tea,
snacks, soft drinks, etc served while the conference is underway.
- Do attendees have access to other reasonably priced, quality restaurants
within walking distance of the venue? This might not be the case at resorts.
- How much time will you budget for meals and breaks?
- Remember that meals at the end of the event usually have fewer people
attending than those during the event.
- A useful rule of thumb is to find out what the buffet costs at the hotel and
add a bit to it because yours will be a catered event.
- Another way out is to give the hotel a budget and ask them to work out a
menu to fit that. They'll usually do it. But you've to be doubly careful you
don't get shortchanged, particularly at some resorts.
Food is actually a major contributor to the overall success of an event. It
deserves careful consideration all through the event planning process.
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