Average day delegate rates (DDR) for conference centres and meeting venues have risen by £2 over the last 15 months, new research shows.
According to figures from venue finder The Event Wall, the average rate charged by a venue per delegate per day for a full day meeting now costs £53, up from the £51 rate seen 15 months ago.
The statistics are based on the analysis of 1,400 proposals received between July 2010 – October 2012, reports meetpie.com and are limited to the data collected on The Event Wall’s own systems.
Matthew Oliver, director of The Event Wall, says that while the rate might be “slow and steady”, confidence is rising among venue proprietors.
“However the recovery is still not keeping up with the rate of inflation showing that published rates are being heavily discounted in order to win business and meet the demands of cost conscious buyers,” he added.
“With the country officially entering a second recession we are likely to see this steady increase maintain at best. 2012 rates have benefited from the Olympic effect, so it will be interesting to see if 2013 brings any increases at all.”
Other results recently gleaned by the team at theeventwall.com include research which suggests ‘unusual venues’ are the most likely venues to shift on price – offering average savings of 31 per cent.