LONDON, UK – Jan. 13, 2015 – Cvent, Inc. (NYSE:CVT), ), a leading cloud-based enterprise event management platform, today announces its annual list of the top meeting hotels in the United States. Cvent operates one of the world’s largest global marketplaces for group meetings business on the Cvent Supplier Network (CSN). Cvent is estimating that $10 Billion worth of group business will flow through its network in 2015.
Leading the list of the Top 100 U.S. Meeting Hotels are the following properties from locations across the country:
See the full list of the Top 100 U.S. Meeting Hotels here.
"Hotels are aggressively competing for group business, which can be a substantial part of their revenue mix and more profitable than leisure or transient business travel," said Bharet Malhotra, senior vice president of sales for the Cvent Supplier Network. "This year's list has a number of changes throughout the top 100, including 18 new properties that knocked some off of last year's list. Hotels are constantly investing in upgrades to their meeting and room space as well as their capabilities for supporting meetings and events."
Malhotra added: "In developing the Cvent Supplier Network, we have created a robust marketplace that serves as a funnel delivering group business in volume to the hotel industry and helping hotels with the critical first step of winning group business: creating visibility among a huge audience of event planners."
Cvent evaluated hotel properties that generated business through the Cvent Supplier Network from September 2013 through August 2014. The properties were ranked on various criteria, including total requests for proposals (RFPs), awarded RFPs, total room nights, awarded room nights, major metropolitan area (MMA) market share, conversion rate, and the hotel's unique profile visits in the Cvent Supplier Network. To qualify for inclusion, hotels had to have more than 50,000 square feet of total meetings space and more than 10 or more meeting rooms. The criteria are designed to provide the most accurate reflection of the top meeting hotels in the U.S.
Featuring more than 218,000 hotels, resorts and special event venues, the Cvent Supplier Network is one of the world's largest and most accurate databases of detailed venue information. It contains listings of hotels and other venues in more than 175 countries that can be searched and filtered based on approximately 200 characteristics and data fields. Suppliers are able to reach new customers, including the tens of thousands of meeting planners who use the Cvent Supplier Network globally, thereby helping hotels maximize their existing sales and marketing resources.
Cvent, Inc. (NYSE: CVT) ) is a leading cloud-based enterprise event management platform, with more than 1,700+ employees and more than 14,000+ customers worldwide. Cvent offers software solutions to event planners for online event registration, venue selection, event management, mobile apps for events, e-mail marketing and web surveys. Cvent provides hotels with a targeted advertising platform designed to reach event planners looking for suitable venues. Cvent solutions optimize the entire event management value chain and have enabled clients around the world to manage hundreds of thousands of meetings and events. For more information, please visit www.cvent.com or connect with us on Facebook, Twitter or LinkedIn.
"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements, including statements relating to the estimated volume of group meeting business sourced through the Cvent Supplier Network. The achievement or success of the matters covered by forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize, or if any of the assumptions prove incorrect, the company's results could differ materially from the results expressed or implied by the forward-looking statements we make. For a detailed discussion of these and other risk factors, please refer to the risks detailed in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K filed on March 21, 2014 and other reports and filings with the Securities and Exchange Commission.