Between $500 and $1,800.
1 On average, the cost of renting a banquet hall without any sort of catering or other services is going to range anywhere between $500 and $1,800. 1 Favors can cost $5 to $15 and up per person. 2  TheKnot.com offers a list of must-have extras for a traditional event. 3  Hiring entertainment can add significantly to the cost of the party -- between $130 and $175 per hour for one entertainer, and possibly travel expenses. 1 The typical cost for a two-hour cocktail party ranges from $25-$230 per person. 2  On the higher end, hosts may choose a high-end venue, premium hors d'oeuvres and a full bar. 3  Caterers specializing in cocktail receptions let the host choose hot and cold appetizers for about $15 to $35 As of 2009, this cost ranges from $10 to $15 per hour, depending on the type of event. Factor in the cost of entertainment such as a band, DJ or emcee for the banquet if needed. Such services are usually charged by the hour for a set amount of hours. Decide if the banquet will require any decorations. 1 For those that want to have a catering service come to the banquet hall, or use the service within the hall, the catering service is going to start at $8 a person and may reach as high as $80 a person depending on what type of food you want served. Figuring the costs of a banquet can seem like a daunting task at first. Depending on the type of event and number of guests, the costs of banquets can vary dramatically. Every banquet follows basic planning steps that help determine the type of budget needed. 1 The cost of favors and props, such as boas and a tiara for the bride, can add to the cost of the party. 2  Favors can cost $5 to $15 and up per person. 3  TheKnot.com offers a list of must-have extras for a traditional event. Some venues charge a percentage of the room cost or a flat fee for their staff to arrange the room. Figure food costs by choosing menu items and multiplying the expected number of attendees by the per-person cost. Caterers generally require a guaranteed number of attendees several days in advance. 1 For a 2-hour party, Cork Catering in Illinois charges $7.50 per guest for beer or wine only and $14.50 per guest for a premium bar serving most types of mixed drinks. 2  For detailed open bar pricing, see How Much Does an Open Bar Cost.
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how much to charge for a banquet