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Meetings

Cvent Data Show Potential Group Booking Slowdown

Andrew Sheivachman

Photo Credit: A hotel in the Cayman Islands. Flickr / Thomas Hawk

Skift Take

Advance bookings on the Cvent platform seem to be lagging, which could indicate either a downturn in event bookings or simply the fact that event organizers are booking closer to the time of the actual event.

The global meetings sector has been on a roll lately, but macroeconomic issues combined with commission cuts in North America appear to be putting the brakes on demand for group bookings. The latest edition of Cvent's Group Business Outlook shows that demand for bookings in the years ahead is lagging behind expected metrics. The report pulls from the Cvent Supplier Network, which features 255,000 venues. The data shows a marked downtick in awa

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