London Conference and Meeting Venue Prices Increasing in 2022 and Beyond!
Meeting Venue Increase Conference Rates
Every day we are being told by venue finding agencies that meeting venue conference and meeting rates are starting to increase dramatically see HERE for an example. Today for example an agent told me they had been quoted a rate of £84.00 plus VAT for the Congress Centre in London W1, whereas in 2019 they were quoting more like £72.00plus VAT. DeVere Venues / Grand Connaught Rooms again in W1 also seem to have pushed up their rates significantly.
Losses During the Pandemic
In many ways this shouldn’t be a surprise. All London meeting venues made huge losses during the pandemic, they are trying to recoup some of those. Added to which their cost base is increasing dramatically, inflation is reported to be running at 5%, many of the largest variable costs venues shoulder are increasing even faster, i.e. wages have risen by 14% see HERE
Cavendish Venues Customer Service
Here at Cavendish Venues we are immensely proud of our customer service, in 2019 93% of all bookings were rebooking’s of previous events, see HERE. We refuse to use this time of increased demand and restricted supply to push up rates unreasonably, for all repeat bookings which take place before the start of the new tax year (2022) we will honour 2019 rates.
At Cavendish Venues we are committed to exceeding your expectations, and with over 93% repeat business we know we're doing something right!