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Answering A Few Basic Questions About Destination Management Companies

by Lloyd Pearson

Planning a corporate event can be a daunting and time-consuming task due to the various logistical details that you will need to oversee. When these events are being held in cities that you have limited experience visiting, it can be difficult to make informed choices. Fortunately, you can find a destination management company that can help you to ensure that your company's event goes as smoothly as possible. However, if you have never used these services, you may need to have the following questions answered to help you decide if these services are right for your company's need.

Why Should Your Company Use A Destination Management Company?

When you retain the services of a destination management company, you can tap into their local knowledge when it comes to venues, vendors and hotels for your guests. Without access to these resources, you would likely need to visit the city and thoroughly inspect each venue to determine if it meets your standards. By retaining these services, you can ensure that potential venues will be able to accommodate your needs, that they are within your budget for the event and formally booking any venues and services without having to spend extensive time in the destination city.

What Should You Expect From Your First Meeting With The Destination Management Company?

During your first meeting with the destination management company, you will need to provide them with a range of information about your event. This will include the anticipated number of guests, your budget for the entire event, the dates of your event, the types of food that you will want for your guests and any technological requirements, such as projectors and internet access. Once these professionals have been given this information, they will be able to research local services and venues to create a package that can perfectly suit your needs. You will be given a copy of this event plan that will include a detailed breakdown of pricing so that you can better customize the cost of the event to match your budget.

What Happens If You Are Forced To Cancel Your Event?

Unfortunately, there are problems that can arise, which can force your company to cancel its event. When this happens, you will likely lose any deposits or retainers that were paid. However, you may be able to mitigate these losses by investing in an event insurance policy. These policies will reimburse your company for the deposits and retainers that are lost due to cancellations. However, these policies typically only cover a specific list of reasons for cancellations. Therefore, you will need to carefully review these plans to make sure that you are choosing one that covers the most likely reasons for your event needing to be cancelled.