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Cvent Releases Q4 2019 Group Business Outlook

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Business News first on FIR:

TYSONS, Va.–()–Cvent, a market-leading meetings, events, and hospitality technology provider, released the latest Cvent Group Business Outlook, a 24-month forward-looking report highlighting United States group booking activity through the Cvent Supplier Network (CSN). The CSN is the world’s largest venue sourcing database, through which more than $16 billion dollars of group business is sourced annually. Each quarter, Cvent releases this proprietary sourcing data analysis, offering unique insights into the U.S. group business market.

The Q4 Outlook projects a softening U.S. group business market in 2020. 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. Hoteliers can draw on these findings as they adjust their group sales and marketing strategies to attract business in competitive markets.

Trends highlighted in the quarterly Cvent Group Business Outlook include:

  • The number of group room nights awarded to U.S. hotels for each of the next eight quarters compared to what was awarded in the corresponding eight-quarter outlook in the prior year.
  • Year-over-year change in the number of group requests for proposals (RFPs) awarded via Cvent to U.S. hotels during the current and prior four quarters.
  • RFP characteristics for future groups including average size of group block, average peak room nights, average event duration and average booking window.

The Cvent Group Business Outlook provides a meaningful benchmark that hospitality professionals can use to compare their hotel, chain, or portfolio’s group pace and offers a unique perspective on the expected group performance for the hotel industry at large. The data gives hospitality professionals insights to help them stay ahead of market trends and attract group business.

Click here for the full Q4 2019 Cvent Group Business Outlook report.

About Cvent
 Cvent is a leading meetings, events, and hospitality software company with more than 4,300 employees, 27,000 customers, and 300,000 users worldwide. The Cvent Event Cloud offers software solutions to event planners and marketers for online event registration, venue selection, event management and marketing, onsite solutions, and attendee engagement. Cvent’s suite of products automate and simplify the planning process to maximize the impact of events. The Cvent Hospitality Cloud partners with hotels and venues to help them drive group and corporate travel business. Hotels use the Cvent Hospitality Cloud’s digital marketing tools and software solutions to win business through Cvent’s sourcing platforms and to service their customers directly, efficiently and profitably – helping them grow and own their business. For more information, please visit Cvent.com, or connect with us on Facebook, Twitter or LinkedIn.

Guam Request for Proposal: Tourism Destination Marketing Representation Services in Southeast Asia

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The Guam Visitors Bureau (GVB), a public, non-stock, non-profit membership corporation, has issued a Request for Proposal (“RFP”) soliciting proposals from established marketing companies to act as GVB’s TOURISM DESTINATION MARKETING REPRESENTATION SERVICES IN SOUTHEAST ASIA to assist GVB in promoting Guam tourism and achieving visitor arrival goals in Southeast Asia.

RFP packages can also be downloaded at no cost  from GVB’s website at https://www.guamvisitorsbureau.com/news/rfps or obtained (in USB format) at the GVB Office, 401 Pale San Vitores Road, Tumon, Guam, 8:00 AM – 5:00 PM, Monday – Friday, excluding Guam holidays.  A non-refundable $25.00 fee is required for each packet picked up at the GVB office payable in US$ cash, bank wire transfer or major credit card (Visa, MasterCard, Discover, JCB).

Questions, if any, should be made in writing to the President and CEO, which can be dropped off at the GVB office; emailed to procurement@visitguam.org; or sent by fax to 671-646-8861 according to the timeline provided in the RFP.

GVB hereby notifies all offerors that it will affirmatively ensure that minority business enterprises will be afforded full opportunity to submit a response to this request for proposal and will not be discriminated against on the grounds of race, color or national origin in consideration for an award. 

GVB reserves the right to reject any or all proposals, waive any imperfection in the proposal, or cancel this solicitation all according to law in the interest of the bureau.  Direct or indirect contact with the GVB Management or Staff, Board Member, or any person participating in the selection process is prohibited. 

If you are interested in submitting a proposal, please note the deadline for submission is no later than 5:00 p.m. (Chamorro Standard Time) on Wednesday, January 15, 2020.

MEDIA CONTACT: GUAM VISITORS BUREAU, Office: (671) 646-5278, Mobile: (671) 686-4827, http://www.visitguam.org

Guam Visitors Bureau seeks tourism destination marketing representation services in the Philippines

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The Guam Visitors Bureau (GVB), a public, non-stock, non-profit membership corporation, has issued a Request for Proposal (“RFP”) soliciting proposals from established marketing companies to act as GVB’s TOURISM DESTINATION MARKETING REPRESENTATION SERVICES THE PHILIPPINES to assist GVB in promoting Guam tourism and achieving visitor arrival goals in the Philippines.

RFP packages can also be downloaded at no cost from GVB’s website or obtained (in USB format) at the GVB Office, 401 Pale San Vitores Road, Tumon, Guam, 8:00 AM – 5:00 PM, Monday – Friday, excluding Guam holidays.  A non-refundable $25.00 fee is required for each packet picked up at the GVB office payable in US$ cash, bank wire transfer or major credit card (Visa, MasterCard, Discover, JCB).

Questions, if any, should be made in writing to the President and CEO, which can be dropped off at the GVB office; emailed to procurement@visitguam.org; or sent by fax to 671-646-8861 according to the timeline provided in the RFP.

GVB hereby notifies all offerors that it will affirmatively ensure that minority business enterprises will be afforded full opportunity to submit a response to this request for proposal and will not be discriminated against on the grounds of race, color or national origin in consideration for an award. 

GVB reserves the right to reject any or all proposals, waive any imperfection in the proposal, or cancel this solicitation all according to law in the interest of the bureau.  Direct or indirect contact with the GVB Management or Staff, Board Member, or any person participating in the selection process is prohibited. 

If you are interested in submitting a proposal, please note the deadline for submission is no later than 5:00 p.m. (Chamorro Standard Time) on Monday, October 28, 2019.               

MEDIA CONTACT:  Guam Visitors Bureau, Setbision Bisitan Guahan, 401 Pale San Vitores Road, Tumon, Guam 96913, (671) 646-5278, Fax: (671) 646-8861, guamvisitorsbureau.com, visitguam.com, info@visitguam.com