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Corporate Group Bookings Decline for 2020: Cvent Data

Isaac Carey

Photo Credit: Ballroom at a Signia Hilton.  Hilton

Skift Take

This report is worrying, especially since other industry players are starting to say the same thing.

The meetings and events sector is becoming increasingly competitive, but companies may be starting to hold back on corporate bookings. The most recent Group Business Outlook report from Cvent released this week shows a decline in group booking on the company’s platform for the second half of 2020 and into the first half of 2021, as demand fails to meet growing supply. Cvent pulls its data from its supplier network, which hosts 260,000 venues globally. The platform’s latest projections are in line with other indications from around the industry that corporate bookings

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