Lagadere Group cancels Budapest conference

French media giant scales back event plans

FRANCE: Lagadere Group, the French media giant, has cancelled an annual meeting that was originally planned to be held in Dubai and then rescheduled for Hungary, as the economic slowdown continues to hinder C&I events across Europe.

Earlier this year the company had appointed DMC Net Travel Service Central Europe to handle the event in Budapest after scaling back original plans to hold the event in Dubai.

Scheduled to take place in June, plans for the original event would have seen 400 delegates from the company, including sales and management staff, attending a series of internal meetings at the Intercontinental Budapest and the Sofitel Budapest Chain Bridge. Other options explored included a gala dinner at Budapest's Opera House and a private dinner on board the Spoon Cafe & Lounge, a floating restaurant.

Now, the meeting will be held in the company's hometown in Paris and managed directly as a series of meetings without any overnight accommodation.

Net Travel Service international sales manager Didier Nicoux said: "This is a difficult time for most companies and corporate brand managers are having to be mindful of their budgets. This case is not an unusual for Central Europe - we are seeing far more events that are booked with shorter lead times and smaller budgets, and others which are being cancelled altogether."

Net Travel Service Central Europe has hosted events across Europe for a number of clients including Citroen, Coca-Cola, Tommy Hilfiger, PWC and Toshiba.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
What the election result means for events

What the election result means for events

Following a landslide victory for the Conservative Party in the general election, what do key industry figures think about the result?

C&IT's APAC Awards now open for entries

C&IT's APAC Awards now open for entries

Brand new this year, C&IT will recognise the very best in events in the Asia Pacific region.

Which trends do corporate event planners expect to see next year?

Which trends do corporate event planners expect to see next year?

In part nine of our State of the Industry: Corporate Report, we asked corporate event planners what trends they expect to see in 2020.

Trinity Event Solutions appoints managing director

Trinity Event Solutions appoints managing director

Jenny Harding steps into a new role after ten years at the agency, where she has also been recognised for charitable work.

Top 3 incentive trends for 2020

Top 3 incentive trends for 2020

What are the biggest luxury travel requests that incentive planners should watch next year?

Plans revealed for major new Edinburgh arena

Plans revealed for major new Edinburgh arena

The 8,000 seater indoor arena in Scottish capital is expected to include conference space and hotels.

What corporate event planners want from suppliers

What corporate event planners want from suppliers

Part eight of the State of the Industry Corporate Report asks what the most influential factors are when choosing suppliers.

Australian bushfires: 'Natural phenomena and crises are always going to happen'

Australian bushfires: 'Natural phenomena and crises are always going to happen'

Tourism Australia's Penny Lion talks about the bushfire crisis and the country's booming events industry.

Top Banana hires non-executive director

Top Banana hires non-executive director

New addition brings more than 30 years experience to the agency and will mentor and advise the leadership team.

Why there's been a surge of new hotels in Perth

Why there's been a surge of new hotels in Perth

Its pristine beachfront rivals California, with massive investment in tourism creating new hotels and jobs.

LATEST JOBS