Thousands of industry professionals, including corporate meeting decision-makers, marketers, hospitality leaders and more expected to attend
Conrad Istanbul Bosphorus Hotel the Top Meeting Hotel in the Middle East and Africa for 2023
W Barcelona Hotel the Top Meeting Hotel in Europe for 2023
Cvent Holding Corp. (Nasdaq: CVT), a meetings, events and hospitality technology provider, yesterday announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at an enterprise value of approximately $4.6 billion.
A Cvent report reveals significant levels of optimism amongst corporate travel managers. Three quarters (75%) of respondents expect their organisation’s 2022 travel volume to eclipse 2019 levels, with more than a third (32%) citing they expect volumes to 'increase significantly'.
Many meetings since March have been canceled, postponed or moved to virtual platforms because of the Covid-19 pandemic, but about $2 billion worth of meeting requests for proposals during the second quarter of 2020 were sourced through meetings management company Cvent's network, Cvent senior director of analytics Jeffrey Emenecker said.
Cvent CONNECT US, to be the largest event in history for the meetings and events industry, offers an all-star lineup of speakers including industry-leading CEOs of Marriott, Hilton, American Airlines, and Southwest Airlines, among others
In Q4 2019, event duration, peak room nights, and size of group room block decreased. The data suggests that the market will trend upwards in 2021.
The Q3 Outlook projects a challenging U.S. group business market over the next two years, particularly in late 2020 and Q1 of 2021. Hoteliers can draw on these findings as they adjust their group sales and marketing strategies to attract business during a potential slowdown.
Results offer actionable insights for hospitality professionals to attract more group business to their venues and destinations