meetings & events
Cvent Announces Top Meeting Destinations and Top Meeting Hotels in North America for 2023
Cvent | May 24, 2023
The highly anticipated annual Top Lists, published for the first time since the pandemic, spotlight top-performing group business hotels and sought-after meeting destinations TYSONS CORNER, Va.--May 24, 2023--Cvent, an industry-leading meetings, events, and hospitality technology provider, today released its lists of the Top Meeting Destinations and Top Meeting Hotels for meetings and events worldwide. These lists – which are broken out regionally by North America, Europe, Asia Pacific, and the Middle East & Africa – were compiled based on sourcing activity through the Cvent Supplier Network, one of the world’s largest venue...
7 Surprising Trends That Will Change The Way Hotels Handle Groups and Events Business
Daniel Melnyk | May 10, 2023
By Daniel Melnyk Within the hospitality world, a new phenomenon is circulating – “revenge travel.” The concept is simple, albeit impactful for the industry; after 2+ years of pandemic-related restrictions, travelers are eager to make up for lost time and canceled trips. Basically, revenge travel is the global phenomenon of people booking big trips to ‘take revenge’ against the pandemic. This trend has acted as a key catalyst in the undeniable rebound of the hospitality industry. However, it wasn’t just trips that were canceled ad nauseam over the course of the pandemic – it was also groups and events. From weddings to birt...
The Transformation of Business Event Travel
Thomas Hazinski | May 4, 2023
By Thomas A. Hazinski HVS Convention, Sports & Entertainment and Access Intelligence recently surveyed more than 350 business travelers to gain insight into how their travel habits and attitudes have changed in the wake of the pandemic. The survey reveals that there has been a significant shift in the behavior of business event attendees, including those who attend conventions, conferences, exhibitions, tradeshows, corporate events, and sales meetings. The survey results indicate that business travelers expect to attend significantly more in-person business events in 2023 than in 2022, with pandemic and health-related travel con...
Why Hotel Revenue Managers Know Not to Soley Rely On Gut Instinct When It Comes to Group Revenue Management
David Millili | May 4, 2023
By David Millilii, CEO of LodgIQ Amadeus reports that group and business travel segments are steadily recovering, with 4.3 million group room nights booked for H1 2023. The global business travel segment is expected to recover fully by 2024. According to the Global Business Travel Association (GBTA), group travel demand will likely increase in 2023, and the average spend per attendee for group events will increase in 2023. Group business means big business for hotels, accounting for a significant portion of hotel revenue. Some estimates suggest it can make up as much as 30-50% of a hotel's total revenue. This underscores the importance ...
Knowland Reports Chicago As Top Market for Events in April With National Associations As the Leading Group Segment
Knowland | May 4, 2023
Data reveals 73.2 percent year-over-year growth in U.S. meetings and events ARLINGTON, Va. — May 4, 2023 — Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, continued its monthly monitoring of the top 25 markets to identify those markets that are leading the industry in meeting and event volume. Today the company announced that the Chicago market led the U.S. meetings and events industry by volume for April. Second place again went to Los Angeles-Long Beach, with Washington DC in third. The leading industry driver for meetings was National Associations, placing either f...
Deloitte: Business Travel Begins to Take Off, But Full Recovery Experiences Further Delays
Deloitte | April 11, 2023
Corporate travel spend will likely be smaller than pre-pandemic as U.S. and European companies weigh ROI and sustainability goals amid ongoing flexible work arrangements and increased use of technology NEW YORK, April 11, 2023 -- Key takeaways • Corporate travel spend in the U.S. and Europe is projected to surpass half of 2019 levels in the first half of 2023 and rise to two-thirds by the end of the year. Full recovery following the pandemic appears likely by late 2024 or early 2025. • Live events are set to comprise a significant share of corporate travel, advancing from the fifth biggest driver of increased spend in 20...
Knowland Reports Washington D.C. as Top Market for Events in March With National Associations as the Leading Group Segment
Knowland | April 5, 2023
Data reveals nearly 80 percent year-over-year growth in U.S. meetings and events ARLINGTON, Va. — April 5, 2023 — Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, announced today that the Washington, DC-MD-VA market led the U.S. meetings and events industry by volume for March. Second place again went to Chicago, with Los Angeles-Long Beach in third. The leading industry driver for meetings was National Associations across four of the top five markets. This data is a subset of Knowland’s sales pipeline generation platform designed to help hoteliers build and protect ...
Maestro PMS Adds Tripleseat to Its Roster of 800+ Partner Integrations, Gives Clients New Option to Seamlessly Manage Group Bookings & Events
Maestro | April 4, 2023
Hotels, resorts, and conference centers can now push/pull room availability, rates, and pick-up revenue from the popular Tripleseat sales-and-catering platform into the leading Maestro property-management system, ensuring clean data in real time and better guest room control MARKHAM, ONTARIO, April 4, 2023 — The meetings and events industry is experiencing an unprecedented recovery, and all signs point to a busy 2023, according to the American Express 2023 Global Meetings and Events Forecast. To ensure frictionless execution of group bookings from reservations to checkout, Maestro PMS has formed an integration partnership with web-based ...
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