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 A recent poll on the Meeting Industry Association (MIA) website examining the rise in food prices and its impact on delegate rates has produced some very positive results for the meetings industry.
With food prices rising rapidly and already recorded as being up by 20 per cent in the past year, the MIA poll question asked venues whether they have been forced to reflect the increase in their daily delegate rates. A staggering 71 per cent said they have held their prices and reduced their margins – clearly indicating that MIA venue members are refusing to compromise on the quality of the food they are offering delegates at the expense of their own profit margins.
This is extremely good news for buyers, who can be assured of the continued high quality catering provided by MIA venue members without the worry of any extra expense.
Dan Kelly, resident manager from the MIA’s first AIM Silver-accredited venue, Q Hotels – Norton Park, said: ‘Currently we have been able to hold our prices, which is clearly good news for buyers. In order to remain competitive and to make sure buyers get competitive rates we cannot pass on every cost we get.
‘While food is a major expense for us, we are doing our very best to absorb the increased cost and maintain the high standard of our catering.’
Jane Evans, MIA chief executive (pictured), said: ‘The ethos of the MIA is to encourage members to always offer the very best value for money and the highest levels of service. Clearly our members are continuing to ensure they do exactly that in spite of the current economic climate.
‘I would strongly recommend that buyers seek out MIA accredited venues, recognised by the AIM brand they will be displaying, if they want to ensure great service and excellent value for money.’
Contact
Telephone: 0845 230 5508
Email: sales@mia-uk.org
Website: www.mia-uk.org
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