Why do people rent halls?
Different strokes for different folks, as the saying goes. People rent halls for various reasons, most of which is based on choice. we shall go through a few reasons some rental halls see more action than others.
Privacy: As much as some people want loud events, some want something discreet but still, with the convenience of a nice hallSize: This is dependent on the number of guests expected to attend the event. A large number of people require a large hall. Ambience: Some halls are rented because of how they look. The features and atmosphere around the hall go a long way in determining how and when they are used. Impression: As crazy as this might sound, some halls are rented for events to make a statement. These halls tend to be expensive and are found in really high-class areas. Location: Some halls are rented because of where they are located. This location tends to influence the price of the hall. Halls in high-class locations attract higher fees. to influence the price of the hall. Halls in high-class locations attract higher fees.
What to look out for when renting a hall
Whether it is your first time renting, or you have been renting halls for centuries, you would agree that there are challenges to be faced. A lot of baiting occurs with hall rental service companies posting pictures of non-existent halls, and beautiful aesthetics of imaginary halls scattered throughout their websites. If you are to rent a hall, do well to conduct proper research on the rental service company you would like to use. Do some background checks on your own, check for genuine customer reviews and, as much as possible conduct physical checks at the venue before booking or paying the fees for any hall.
Types of halls available for renting
The type of hall to be used depends on the event hosted. Different events require different types of halls. Some of these halls include;
➔ Conference centers: Majorly found in hotels, dedicated purpose-built conference centers are a great option. These conference centers have AV equipment, saving clients the cost of hiring equipment for their seminars or conferences.
➔ Business centers: Similar to the conference centers, these halls are also used for business purposes. The main difference between business centers and conference centers is that business centers are more centered around day-to-day activities such as meetings and co-working.
➔ Banquet halls: These are the halls used for most events. Weddings, birthday parties, and much more.
Pricing structures for rental halls
Different rental services do their pricing differently. Not all rental service companies use flat rates for hiring out their halls. Some common pricing structures include the following;
● Plane hire method: A payment structure that involves the payment for just the rental hall/area and nothing more. In most cases, even decorations are excluded, you would be getting a space.
● Payment per person method: This payment structure acts as it sounds. Each person in attendance is paid for individually. This payment includes feeding and drinks to be consumed by each guest.
● Amount to spend method: This is a structure usually practiced by many hotels and bars. It requires no up-front charge the only catch is that the guests in attendance have to spend up to a certain amount of money.
● Amount of guest method: This is an even better offer than the amount to spend structure. Here you are only expected to get attendance up to or more than a minimum of attendees. With this method, the amount of money each guest will spend would have already been calculated, all you have to do is get the attendance to the required amount.
● Daily use rate method: This is like the payment per person method. The difference between the payment per person method and the daily use rate method is that the daily use rate method includes equipment to be used by the guests.
● Hiring fee method: This is the fee you’d be required to pay based on how long you’d like to use the hall. You would be able to hire the hall for an entire day, depending on the agreement reached.
Different rental halls attract fees according to the features or amenities which accompany each rental space. The size of the rental hall also plays an enormous role in determining the price of the hall. Finally, the location where the hall is situated is also of great importance in determining the price of the hall. Typically, hiring empty halls or halls without additional features costs less than hiring halls that come with the entire package.
According to the bridal association of America, the average cost of a rental banquet hall is $1,244, although most banquet halls charge between $200 to $3800 per session without catering services. The fees, however, on conference halls are between $70 to $160 per hour, compared to banquet halls which are charged per session in most cases. Business halls are halls used for long periods. Some can be used and cost between $25 to $250 per hour. In conclusion, the user decides which hall to use based on preference and budget.
