Post #789284 by Swanky on Mon, Aug 20, 2018 5:52 AM

Some do these things for love and passion and not money.

You get event space for signing a contract with the hotel. You must book X number of rooms under yout party by a certain date, and then they may also require you sell so much food or alcohol at their bar etc. and if you don't do that, you are on the hook for the space and it's usually a LOT. $70-100k or more.

Sponsors are often in kind sponsors. You get rum from rum sponsors which you serve to guests. Or they pay for ads, cups with logos printed, etc. Sometimes they give cash.

There are a lot of variables and you need experience to draw up any kind of budget. Attendance is always the big variable you won't know until it happens, though you'll have a big hint when the deadline for rooms hits.