Data shows industry recovery at 85.3 percent of August 2019 levels
ARLINGTON, Va. — Sept. 7, 2022 — Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, released its monthly meetings and events data for August, reporting 136.1 percent growth over August 2021. Additionally, August increased 6.7 percent over July 2022.
• Average attendees per event increased – The average number of attendees per event for August 2022 was 108, compared to 68 in August 2021 and 92 in August 2019.
• Average space used per person decreased over 2021 – The average space used in August 2022 was 2,670 sq. ft. Meetings in August 2021 averaged 2,490 sq. ft. and 2,896 sq. ft. in 2019. Proportionally from a per person (p/p) perspective, the 2022 meeting space used an average of 25 sq. ft. p/p as opposed to 37 sq. ft p/p in 2021 and 31 sq. ft. p/p in 2019.
• Top five market growth compared to July 2022 – The top five growth markets for August (in order) compared to July were Denver, Dallas, San Jose, Raleigh-Durham, and Phoenix.
• Corporate meetings continue as the dominant segment – The corporate segment represents 63.5 percent of the meetings and events business, with Healthcare, Technology, and Training/Education taking the lead as the largest industry segments. From a recovery standpoint compared to August 2019 levels, Online Retailer, Tobacco, Construction, Urban Infrastructure, and Agriculture were the segments at the highest level of recovery captured in August of 2022.
Kristi White, chief product officer, Knowland, said: “Typically, August experiences a minor dip from July. But August 2022 increased slightly, leading the way into September and October, two of the strongest months historically. Additionally, August recovered to 85.3 percent of 2019 levels, the third month in a row where recovery levels have exceeded 80 percent. This bodes well for the fall and ongoing recovery for the industry.”
About the Data: Insights presented are a result of the analysis of meetings and events data acquired through Knowland data collection and aggregation methods, including field reporting and automated methods of customer and non-customer data collection in primary, secondary, and tertiary markets, as well as its large historical database. View the Knowland hospitality industry meeting activity forecast, the U.S. Meetings Recovery Forecast, on its website.