10 Predictions About the 2014 Event Rental Market
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Transcript of 10 Predictions About the 2014 Event Rental Market
PARTY / EVENT RENTAL FORECAST FOR 2014.
10 Predictions About the 2014 Party Rental Industry
THE 2014 MARKET PREDICTIONS
43 percent of respondents predict they will create more events in 2014 than they did in 2013 while 37 percent say they will create the same number and 6 percent expect to
create fewer.Source: Special Events Magazine
Half of all respondents expect an increase in revenue derived from both business/corporate (50 percent) and
social/private events (51 percent). Relatively few expect revenue decreases (business/corporate events, 10 percent;
social/private events, 6 percent)..
Source: Special Events Magazine
The most common steps taken in an effort to adapt to the
2014 rental marketplace will include...
adding new inventory (76 percent) and/or pursuing new
clients (73 percent.
Source: Special Events Magazine
followed by increasing marketing efforts (53 percent).
Source: Special Events Magazine
Four in ten (41 percent) will add staff.
Source: Special Events Magazine
while just over a third will add new services (35 percent)
and/or streamline operations (35 percent).
Source: Special Events Magazine
THE 2014 RENTAL ITEM PREDICTIONS
Larger selections in all categories of inventory.
Source: Special Events Magazine
Source: Special Events Magazine
bringing in new items on a more 'request' basis now as opposed to a seasonal basis.
Source: Special Events Magazine
Home interior design and fashion trends driving the design of tabletop and linen inventory.
Source: Special Events Magazine
increasing demand for custom work
While 2014 sounds like it’s shaping up to be a good year, there are many challenges independent event professionals will need to overcome...
CHALLENGES INCLUDE:
Uncertain economy.
Reduced client budgets.
Increased competition.
Shorter lead times.
Demonstrating the value/ROI.
Source: Special Events Magazine
Challenges in-house event professionals will need to overcome include...
CHALLENGES INCLUDE:
Reduced budgets.
Uncertain economy.
Shorter lead times.
Demonstrating the value/ROI.
Source: Special Events Magazine
Download the Tabletop Catalogue
National Event Supply would like to help you pay less on your dishes, cutlery and glassware! See our range of tabletop items, measurements and prices by downloading the catalogue below!
http://hub.am/1bfm8Z1