Is Wytham Abbey being used 365 days a year, though? A couple thousand a day is a perfectly reasonable cost for a conference. But why would you need to own a space that large permanently? I’d be just as shocked at the idea of renting out Oxford College’s conference hall 365 days a year. Nobody is having that many conferences.
I noted the same in the following sentence: To get realistic comparisons, you would need to adjust for many other factors sometimes of order 0.3-3x, like occupancy, costs of adjusting venues to your needs, costs of the staff,...
For example, if you use your venue 65% of time, you should multiply the mentioned figure by 0.65.
What’s pushing in the opposite direction is for example this: if you use a rented venue, and often spend 1-2 days before and 1 day after the event on setting it up according to your needs / returning to original state, you need to account for that. For e.g. 5 days event, it can increase the rented venue cost by 20-40%.
How various considerations add up is hard to say in the abstract.
Is Wytham Abbey being used 365 days a year, though? A couple thousand a day is a perfectly reasonable cost for a conference. But why would you need to own a space that large permanently? I’d be just as shocked at the idea of renting out Oxford College’s conference hall 365 days a year. Nobody is having that many conferences.
I noted the same in the following sentence: To get realistic comparisons, you would need to adjust for many other factors sometimes of order 0.3-3x, like occupancy, costs of adjusting venues to your needs, costs of the staff,...
For example, if you use your venue 65% of time, you should multiply the mentioned figure by 0.65.
What’s pushing in the opposite direction is for example this: if you use a rented venue, and often spend 1-2 days before and 1 day after the event on setting it up according to your needs / returning to original state, you need to account for that. For e.g. 5 days event, it can increase the rented venue cost by 20-40%.
How various considerations add up is hard to say in the abstract.