Skip to content

Search

Latest Stories

Knowland: Tampa-St. Petersburg sees 20 percent growth in February M&E

Denver and Boston placed second and third, respectively

Knowland: Tampa-St. Petersburg sees 20 percent growth in February M&E

TAMPA-ST. PETERSBURG, FLORIDA led in meetings and events growth for the top 25 markets in February with a 20 percent year-over-year increase, according to Knowland. Denver and Boston came in second and third, respectively, while National Associations and Technology groups led in four of the top five markets.

Overall, year-over-year event volume growth for the industry reached 5.3 percent, the report said. Meetings in the top 25 markets used an average space of 3,507 square feet, compared to 2,890 square feet in secondary markets. The top 25 markets had an average of 124 attendees, while secondary markets averaged 118 attendees.


Additional insights into the key industry drivers for the top 25 markets with the highest meeting volumes include:

  • Tampa-St. Petersburg (up 20 percent): national association, healthcare, charity/non-profit/social services, technology and wedding.
  • Denver (up 7 percent): technology, national association, education, healthcare and construction.
  • Boston (up 15 percent): education, healthcare, technology, training/education and travel.
  • Nashville (up 7 percent): technology, manufacturing, national association, healthcare and consulting.
  • Las Vegas (up 5 percent): national association, technology, sports entertainment, charity/non-profit/social services and automotive.

The five high-growth secondary markets and their top industries were:

  • Louisville (up 2 percent) – national association (15.2 percent) and state association (8.1 percent)
  • Colorado Springs, Colorado (up 8 percent) – education (9.3 percent)
  • Greensboro-Winston Salem, North Carolina (up 7 percent) – education (23.8 percent)
  • Wisconsin South, Wisconsin (up 2 percent) – state association (18 percent)
  • Myrtle Beach, South Carolina (up 0 percent) – religious (14 percent)

Knowland recently reported a 50 percent rise in convention and conference center use of its data platform in 2023. Groups now prefer shifting events to alternative markets rather than downsizing within the same chain scale for cost-cutting purposes, presenting non-hotel venues with a chance to compete for group business, Knowland said.

More for you

CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less
Palette Hotels to Transform DoubleTree by Hilton in Washington, PA

Palette to manage Washington, PA, DoubleTree

Palette’s Expertise in Hospitality Management

SUNRISE GOLD HOSPITALITY recently selected Palette Hotels to manage its 140-room DoubleTree by Hilton Washington Meadow Lands Casino Area in Washington, Pennsylvania. Palette will oversee renovations, including Hilton Connected Rooms technology upgrades, new signage, landscaping, building systems and updates to the lobby, guestrooms, bathrooms, meeting spaces, restaurant, bar and lounge.

Sunrise Gold Hospitality is led by owner Ramesh Pandya, and Palette Hotels by Founder and CEO Richard Lou.

Keep ReadingShow less