The Holiday event season might be over but the party continues well past December for restaurants and hotels. Private events, banquets and corporate meetings took a serious downturn from 2009 to 2012 with many feeling like the party was over, permanently. In 2013 restaurants, hotels and unique venues started to see a rebound in holiday bookings and events all year. Restaurants in particular are coming back even stronger than than the previous high levels of 2008.
Tripleseat, a Sales and Event Management web application for restaurants and event venues has been tracking it’s over 1,000 venue customer’s sales and booking for the last four years and is seeing the event business trend upwards. In 2014 the average price for an event increased by 40%, by comparison 2013 only had a 10% increase over 2012. The average price each person pays also rose by 6% in 2014 which means that party goers were having a good time eating and drinking.
People also seem to be in the party mood all year long. In 2014 there were 30,000 plus private parties, banquets and meetings a month. The month of December was the most popular month while July was the slowest. 2015 does not look like it is slowing down anytime soon with increases in average event and price per person already ahead of 2014 highs.
Make no mistake about it, private events and banquets is serious business for restaurant, hotels and unique venues. For restaurants, the event business represents over 30% of their annual revenue and is much more profitable than an a la carte diner. A large majority of restaurant owners were caught by surprise in 2009 and now take “holiday business” much more serious employing Event Sales Managers to focus on growing their event business.
Tripleseat is a Boston based Sales and Event Management web application that increases bookings and streamlines the planning process for Event Sales Managers in restaurants, hotels and unique venues. Tripleseat was Founded in 2008 by Jonathan Morse, a seasoned veteran of the Hospitality industry working for Marriott International, Backbay Restaurant Group and Starwood Hotels, when he recognized that Event Sales Managers were managing their banquets and events manually. This ad hoc process was causing restaurants and hotels to lose business and was creating frustration for Event Sales Managers and customers alike. As of 2015, Tripleseat has well over 1,000 venues and 7,000 plus Event Managers, Chefs, General Managers and Owners using the software in 13 Countries. Tripleseat Users in Restaurants, Hotels, GoCart (yup go carts), Baseball Stadiums, PingPong venues, Wedding venues, Ships, Karaoke venues, Nightclubs and Casinos have managed over 1 million event bookings with Tripleseat.
For more information on Tripleseat and CEO & Founder Jonathan Morse. please visit the website www.tripleseat.com or contact Carolynn Smith, 813-758-8460, email@example.com