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  • Cancellation Report: TH TH

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    The event costs for the Egypt Hotel Development Forum in April 2019 were too high, putting the event at risk of losing money. Specifically: - Phone call credits and venue costs were expected to reach 6000 yuan or more for promotion, putting the event over budget. - Package costs were 2000 USD higher than a similar event in the Philippines, which local Egyptian companies found too expensive given currency exchange rates. - To break even, the target income would need to be 110,000 USD, but with current interest and costs, there was a bigger risk of not reaching that income level. Therefore, the event was cancelled due to high costs and financial risks.

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    The event costs for the Egypt Hotel Development Forum in April 2019 were too high, putting the event at risk of losing money. Specifically: - Phone call credits and venue costs were expected to reach 6000 yuan or more for promotion, putting the event over budget. - Package costs were 2000 USD higher than a similar event in the Philippines, which local Egyptian companies found too expensive given currency exchange rates. - To break even, the target income would need to be 110,000 USD, but with current interest and costs, there was a bigger risk of not reaching that income level. Therefore, the event was cancelled due to high costs and financial risks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views1 page

    Cancellation Report: TH TH

    Uploaded by

    kath
    The event costs for the Egypt Hotel Development Forum in April 2019 were too high, putting the event at risk of losing money. Specifically: - Phone call credits and venue costs were expected to reach 6000 yuan or more for promotion, putting the event over budget. - Package costs were 2000 USD higher than a similar event in the Philippines, which local Egyptian companies found too expensive given currency exchange rates. - To break even, the target income would need to be 110,000 USD, but with current interest and costs, there was a bigger risk of not reaching that income level. Therefore, the event was cancelled due to high costs and financial risks.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Cancellation Report

    Egypt Hotel Development Forum


    April 17th-18th 2019, Cairo Egypt

    Reasons for Cancellation:

     Event Cost
     Skype credits. For the month of November, the total skype credits was
    approximately 4000 yuan. At this rate, we are expecting the cost of calls
    to reach up to 6000 yuan or more, once the delegate acquisition team
    and the closer start making phone calls and follow ups.
     Venue Cost
     Flights and Hotel Accommodation

     Package Cost
     Currently the packages are set at 2000 USD higher than Philippine Events.
    Although we do have good feedbacks from the companies based in Egypt,
    they find it really expensive primarily because of their exchange rate
    (17.91 Egyptian pound = 1 USD)

     Target versus Potential company income


     Given the costings for the event, the target for break-even may reach up
    to 110,000 USD. Same effort from everyone involved but lesser income
    and bigger risk.

    This event’s no call has reached 325 entries from October 16 until November 27, and has also
    received good feedbacks from big companies like Samsung, Honeywell Inncom, Diversey, plus
    Yvette’s positives but the risk for losing money if we pursue this event is bigger than what it can
    earn.

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