Corporate Event Planners Place Importance on Value of a Venue to Stay on Budget

One of the factors that make events such an exciting industry to be in is the fact that it is constantly evolving. This is no less true of Singapore which consistently appears as one of the top cities for international meetings for its high concentration of business and leisure activities. Nonetheless, the Global Financial Crisis has had an impact on corporate spending as many businesses are still pressured to cut cost to maintain profitability. Though signs of recovery are afoot, budgets continue to stay tight and great importance is placed on the value of an event and its return.

Olive Cassivelaun Fancourt

As corporations shop for value when planning their next event, online peer-to-peer marketplaces are bridging the gap by providing corporate event organizers a wide pool of choice venues for their events. This new wave of technology is defined as Collaborative Consumption and is in the midst of revolutionising several industries including hospitality, car rentals, financial services, travel and even events planning. Such marketplaces benefit corporates and users alike by turning underutilized assets and resources into new jobs, income streams and community networks. Hotels are now competing with upcoming restaurants and event spaces that oftentimes provide greater privacy and tailored event spaces with bespoke food and amenity options. At Venuerific, we’ve seen an explosion of corporations and event planners utilizing our platform to book venues for their events. Planners and attendees can now search, discover and hire unique venues at the same time, negotiate directly with the respective owners thereby ensuring the best price and service. As clients become more pressed for time, our venue specialist and event partners can even help provide a “turn-key” solution for most needs. Check us out at www.venuerific.com and explore and book with the finest venues in town!

Cheers,
The Venuerific team