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