Conference News Supplements CN, Xmas party supplement, July/Aug 2018 | Page 3

3 Christmas A cause for Christmas cheer Clare McAndrew of Story Events and show director of the London Christmas Party Show outlines a cause for optimism lthough it’s currently a very uncertain time for UK businesses, the most recent edition of the London Christmas Party Show (15 - 16 May, Plaisterers’ Hall, London), highlighted that this hasn’t put a dampener on the 2018 festive event season. A record 11% increase in corporate event buyers was welcomed through the doors demonstrating the continued demand for venues and services related to the festive season. A few key trends for 2018 emerged from the event, the most notable highlighting that budgets have largely remained the same from 2017 to 2018 but operational costs for things such as staff and catering have witnessed an increase over this same period. This has led buyers to look for alternative ways to maintain the standard of their Christmas events without increasing their budgets, such as looking at alternative venues, dates or even reduced content. Thursdays and Fridays in December have historically been the most popular days of the week for a company to hold their event (the key dates for 2018 being the 6-7 and 13-14 December) and although these dates are still the most sought after, companies are increasingly considering the option of a Wednesday, which can knock the venue hire costs down considerably. If you’re a company whose budget hasn’t increased but want to maintain the same standard of www.conference-news.co.uk venue, try looking at a Tuesday or Wednesday date to help you stay within budget. This freeze on budgets doesn’t however seem to mean people are turning to more informal event formats. It still seems to be the time of year that companies will try and go all out to reward their staff at the end of a hard working year, suggesting that it’s a resilient section of the events market that will continue to have a place in company event budgets for the foreseeable future.