Providers of Trendy Meeting Venues Lure Planners Away from Boring Conference Halls
Skift Take
The boutique hotel trend has started to reach the events industry over the past couple years. It’s no stretch to assume that planners and attendees alike are sick of huge, fluorescent-lit conference centers and generic board rooms. More event professionals are looking for modern, offbeat places to impress their guests, as well as food that’s fresh and local.
This has provided a space for boutique venue providers to grow. Companies like London-based Etc. Venues and New York-based Convene are carving out a niche for themselves, leasing unique meeting rooms, redesigning them, and providing high-end food and tech support for planners. The niche is starting to get crowded, though, as competition heats up globally.
Etc. Venues recently made its first step into the U.S. market, with three New York venues slated to open sometime next year. The company will be competing directly with Convene, and believes it can succeed by focusing exclusively on small and midsize meetings in select cities.
Nick Hoare, chief operating officer of Etc. Venues, talked to Skift about the differences between the events industry in Europe and the United States and how the company plans to grow beyond New York.
Check out this story, and many more, below.
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— Isaac Carey, Travel Reporter
The Future of Events and Meetings
Pitching Personalized Boutique Meeting Spaces Over Cavernous Convention Halls: As the boutique trend sweeps the events industry, a handful of venue providers are jostling for top spot. London’s Etc. Venues thinks its “laser focus” will allow it to stand out in the United States, but will it be able to compete with more established U.S. players like Convene?
Marriott’s Mission: Make W Hotels Cool Again: W Hotels were once the hottest hangouts in town but two decades after its creation, it has been overshadowed by its younger competitors. Marriott inherited the W Hotel brand when it bought Starwood in 2016. Now it’s up to Marriott to make the W brand shine again.
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Airbnb Chief Operating Officer to Leave Her Post on the Cusp of Going Public in 2020: It’s all about its anticipated public offering at Airbnb these days. Shore up the plethora of safety issues, make peace with regulators, and bring in seasoned operational executives that the Wall Street crowd will look favorably upon. Was Belinda Johnson a casualty in that push?
Oyo’s Widening Losses and Other Financial Takeaways From Its Latest Filing: Oyo has disclosed a surge in losses in documents related to its $1.5 billion in new funding. The hospitality company claims it will turn profitable three years from now, yet Skift Research dug beneath the headlines to deliver analysis substantiated by its latest income statements.
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Travel Reporter Isaac Carey [[email protected]] curates the Skift Meetings Innovation Report. Skift emails the newsletter every Wednesday.
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