Skip to content

Search

Latest Stories

Anaheim-Santa Ana, CA, leads M&E markets in November

Chicago entered the top five for the first time, ranking third with 12.6 percent growth

Anaheim-Santa Ana, CA, leads M&E markets in November

ANAHEIM-SANTA ANA, CALIFORNIA, ranked first among the top 25 markets in November with 17.5 percent year-over-year growth, followed by Atlanta at 13.7 percent, according to Cendyn’s Sales Intelligence platform, formerly Knowland. This was Anaheim-Santa Ana’s first time at the top this year, driven by healthcare groups contributing 7.1 percent, including events from Edwards LifeSciences LLC and Kaiser Permanente.

Atlanta’s growth was supported by events from national association and education groups, the report said. Chicago entered the top five for the first time, ranking third with 12.6 percent growth, largely driven by national association groups contributing 10.2 percent.


Anaheim-Santa Ana averaged 4,555 total square feet with an estimated group size of 167. The top 25 markets averaged 3,764 total square feet with a group size of 131.

Top growth drivers:

  • Anaheim-Santa Ana (17.5 percent): Healthcare, national associations, education, weddings, consulting
  • Atlanta (13.7 percent): National associations, education, technology, healthcare, charity/non-profit/social services
  • Chicago (12.6 percent): National associations, education, healthcare, technology, weddings
  • Detroit (12.2 percent): Weddings, charity/non-profit/social services, automotive, manufacturing, education
  • Miami (11 percent): Education, technology, travel, national associations, financial/banking

Top five secondary markets

Louisville led secondary markets for the seventh time with 59.1 percent growth, averaging 9,014 square feet and a group size of 195, marking its ninth appearance in the top five. Memphis entered the top five for the first time in 2024, ranking second with 48.9 percent year-over-year growth. Wisconsin South and Oklahoma City joined the top five secondary markets for the first time, with growth of 41.2 percent and 39.3 percent, respectively.

Top high-growth secondary markets and industries:

  • Louisville, Kentucky (59.1 percent): Charity/non-profit/social services, education, state association, national associations, healthcare
  • Memphis, Tennessee (48.9 percent): Travel, religious, education, entertainment/media, charity/non-profit/social services
  • Michigan South (45.8 percent): Education, state associations, charity/non-profit/social services, financial/banking, wedding
  • Wisconsin South (41.2 percent): State associations, religious, wedding, consulting, national association
  • Oklahoma City, Oklahoma (39.3 percent): Charity/non-profit/social services, education, manufacturing, national associations, state associations

Cendyn reported Phoenix led the top 25 markets in October with 19.7 percent year-over-year growth, followed by Las Vegas at 17.7 percent, its 10th consecutive month in the top five. In October, Cendyn acquired Knowland to enhance sales prospecting and drive MICE bookings.

More for you

Global Hotel Rates to Stay Stable in 2026

Report: Global hotel rates steady despite uncertainty

Summary:

  • Global hotel rates are expected to remain stable through 2026, according to AMEX GBT.
  • New York is a key business travel and meetings destination.
  • India is likely to be a focus for travel programs during 2026 negotiations.

GLOBAL HOTEL RATES are expected to remain stable through 2026, as geopolitical tensions and potential U.S. tariffs limit demand and constrain price increases, according to American Express Global Business Travel. New York remains a popular destination for business travel and meetings.

AMEX GBT’s Hotel Monitor 2026, an annual forecast of global hotel rates in business travel destinations, identified India as a key market, with hotel rates and occupancy set to rise.

Keep ReadingShow less
Trump reviewing 55 million us visas
Getty Images

Trump reviewing 55 million visas

Summary:

  • The Trump administration says it is reviewing more than 55 million visa holders.
  • Reviews cover a wide range of visas for law enforcement and overstay violations.
  • The administration also suspended worker visas for foreign commercial truck drivers.

THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.

Keep ReadingShow less
Peachtree Funds Rio Las Vegas Renovations | $176M CPACE Loan
Photo credit: Hyatt Hotels Corp.

Peachtree originates retroactive CPACE loan for Rio Vegas

Summary:

  • Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
  • The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
  • The company promotes retroactive CPACE funding for commercial real estate development.

PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.

Keep ReadingShow less
Spark Acquires Home2 Suites Wayne, New Jersey
Photo Credit: Hunter Hotels

Spark acquires Wayne, N.J., Home2 Suites

Summary:

  • Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
  • Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
  • The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.

SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.

Keep ReadingShow less
Global hotel construction pipeline reaches record 15,871 projects in Q2 2025, with U.S. and Dallas leading growth
Photo Credit: iStock

Report: Global pipeline hits 15,871 projects

Summary:

  • Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
  • The U.S. leads with 6,280 projects; Dallas tops cities with 199.
  • Nearly 2,900 hotels are expected to open worldwide by the end of 2025.

THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.

Keep ReadingShow less