What’s The Cost?

Even with event planners trying to maintain a smaller guest count for weddings, corporate meetings, and even social gatherings. We are still facing the effects of the pandemic when it comes to budget.The average cost of a corporate event in 2020 was about $15,000, that cost has been on the rise since 2021. Many factors are combined to determine the cost of an event, including the size and location of the venue, the number of guests, the food and entertainment. These events typically include multiple speakers, breakout rooms, panels, and audience interaction. And if you are wanting something more for your team be prepared to spend between $20,000 – $50,000+. This is the price range for a multi-day in-person event managed by an event production company. With prices continuing to rise companies are having to reconsider event budgets more and more, but given the unprecedented effects that 2020 had on the event industry — even though earnings were high due to virtual meetings — it’s likely that the cost of corporate events going into 2023 will resemble a more conventional cost. Depending on the scope and elaborateness of these more affordable features, they could still carry a high cost for some items. With industry buying power and the professional knowledge of how to stretch our client’s dollar, it would be worth the time to get in touch with us to see what we can do for you.