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NYCSCC Market Survey on Facility Rental PricingNew York City Conference Space Rental Survey Results - July 2009Our market research team has just completed a survey of our local competition. All findings point toward one conclusion: NYCSCC offers flexible quality services for unbeatable prices.We considered a 30-person conference setup model in a standard classroom format for comparison. Four categories were considered in our research: large hotels, office shares, conference centers and computer training centers. As detailed in the price comparison spreadsheet, NYCSCC is approximately half the price per day and week of other conference centers nearby. The large hotels charge almost three times what we charge. Two out of three of the surveyed traditional conference centers offer a room rate per person as opposed to a comprehensive room fee. The office shares were unable to host this type of event, and even noted NYCSCC as the ideal alternative to them. The computer training facility priced the event quite similarly to us; however additional fees exist if booking 1-2 days prior to the event. Some of our competition applies sales tax to all meeting room package rates including both equipment and catering. Our policy toward sales tax and service charges differentiates us; we only apply these charges to catering. In terms of technical packages, either the compared facilities could not offer the type of tech packages we could, or the prices were astronomically higher. This research reveals our true competitive advantage in what most consider a typically high priced industry. Please find our thorough spreadsheet at http://www.nycseminarcenter.com/news/NYCSCC_Market_Research_7-7-09.pdf, which will be updated on a regular basis to cover additional rental scenarios and formats.
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