Cendyn: Las Vegas M&E grows 34.2 percent in September
The city’s meetings and events averaged 5,596 square feet with 209 attendees
By Vishnu Rageev ROct 14, 2024
LAS VEGAS LED the top 25 markets in meetings and events growth for September, with a 34.2 percent year-over-year increase, according to Cendyn’s Sales Intelligence platform, formerly Knowland. This marked its eighth consecutive month in the top five.
Las Vegas meetings and events averaged 5,596 square feet with 209 attendees, driven by weddings, accounting for about 10 percent of event volume, and tech events like Oracle SuiteWorld, according to Cendyn. Anaheim ranked second, hosting education, national associations, and weddings. Across the top 25 markets, average space rose to 3,856 square feet with 130 attendees.
The top five among the 25 leading markets were:
Las Vegas (+34.2 percent): Weddings, technology, training/education, national associations and manufacturing.
Anaheim-Santa Ana (+23.2 percent): Education, national associations, weddings, healthcare and consulting.
Orlando (+22.9 percent): National associations, technology, healthcare, training/education and charity/non-profits/social services.
New York (+21 percent): International government, finance/banking, charity/non-profits/social services, national associations and travel.
Dallas (+18.6 percent): Healthcare, technology, consulting, finance/banking and education.
Louisville hosted events like the Danny Wimmer Presents “Ultimate Fan” promotion and University of Louisville volleyball and football games. Healthcare led industry drivers across secondary markets. Average space used was 3,850 square feet with 127 attendees.
Chattanooga's growth
Chattanooga, Tennessee, entered the top five secondary markets for the first time, ranking second with 62.7 percent meeting volume growth, while Louisville led with 80.4 percent year over year growth, the report said.
Chattanooga's rise was driven by medium-sized government events, including those by the Tennessee Valley Authority and Southern States Energy, placing it in the top five secondary markets for the first time this year, behind Louisville, Cendyn said.
Colorado Springs (51.5 percent): National association
Cendyn, a global hospitality cloud technology company, recently acquired Knowland, a data-as-a-service provider for meetings and events, to enhance sales prospecting and increase bookings in the MICE sector.
Sonesta launched Americas Best Value Studios, an extended-stay version of ABVI.
The model targets owners seeking limited front desk and housekeeping.
The brand meets demand for longer-term, value-focused stays.
SONESTA INTERNATIONAL HOTELS Corp. launched Americas Best Value Studios by Sonesta, an extended-stay version of its franchised brand, Americas Best Value Inn. The model targets owners seeking limited front desk and housekeeping, optional fitness center and lobby market along with standard brand requirements.
The brand aims to address the growing demand for longer-term, value-driven accommodations, Sonesta said in a statement.
"Americas Best Value Studios by Sonesta represents a strategic evolution of our trusted Americas Best Value Inn brand," Keith Pierce, Sonesta’s executive vice president and president of franchise development, said. "We are expanding our offerings to directly address the increasing demand within the extended-stay segment, providing a practical solution for travelers seeking longer-term lodging at value. This new brand type allows our local franchised owner-operators to tap into a growing market while maintaining the community-focused experience that Americas Best Value Inn is known for."
ABVI has a majority presence in secondary and tertiary markets, the statement said.
The extended-stay brand’s operational model features a front desk, bi-weekly housekeeping, on-site laundry and pet-friendly accommodations, Sonesta said. Guests can also earn or redeem points through the Sonesta Travel Pass loyalty program.
In August, Sonesta named Stayntouch its preferred property management system after a two-year review of its ability to support the company’s franchise model. The company operates more than 1,100 properties with more than 100,000 rooms across 13 brands on three continents.
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