CONVENE ANNOUNCES INCREASED STANDARD COMMISSION FOR THIRD-PARTY AGENCIES ACROSS ITS ENTIRE PORTFOLIO
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Third-party agencies will receive a 10% commission for all events held within the Convene portfolio, inclusive of etc.venues, via the following structure:
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● U.S . events - 10% commission will be paid on the actualized meeting package revenue, which includes the day delegate rate and/or reception packages.
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● UK events - 10% commission will be paid on the value of the contracted booking (excluding VAT), which includes the day delegate rate, room hire, and pre-booked food and beverage.
Convene is a premium provider of corporate meeting and event spaces, offering everything needed for a turnkey experience including: thoughtfully-designed spaces to maximize collaboration and productivity, full-service production services, catering, and a dedicated A/V team for in-room and hybrid tech support. etc.venues is an established leader in urban day-conferencing, providing the space needed for corporate events, trainings, and conferences.
Convene acquired etc.venues in February of this year, growing its global network of meeting, event, and flexible office locations to 39 venues across nine cities in the U.S. and UK.
About Convene:
Convene is a premium hospitality company that designs and operates meeting, event, flexible office, and membership spaces. In 2023, the company acquired etc.venues, an established leader in urban day conferencing, growing its global network to 39 locations across nine cities in the U.S. and UK. Convene thoughtfully combines beautiful yet intuitive design, fully-integrated technology services, and a warm and welcoming environment to create a turnkey solution for extraordinary meeting and work experiences. Founded in 2009 with the goal of bringing hospitality and lifestyle into traditional commercial real estate assets, Convene partners with the industry’s top landlords to deliver increased value to their assets and premium experiences to their tenants. The company counts Ares and RXR Realty among its investors, and has been named one of America’s 100 Most Promising Companies by Forbes and a Best Workplace by Inc. magazine, Fortune magazine, and Built In. Learn more at https://convene.com/
