Skyrocketing Costs Squeeze Event Budgets
Velvet Chainsaw
FEBRUARY 27, 2023
Some of these expense increases are due to labor issues, supply chain and pressure to restore revenue by venue owners and cities to at least pre-pandemic levels. Despite projections of persistent inflation and a moderate economic recession, CBRE’s forecast calls for a close to 6% increase in rooms revenue per available room (RevPAR) in 2023.”
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