The event tech landscape continues its AI acceleration, with several major platforms — as well as destinations and companies outside the event tech sector — rolling out AI-powered features. Meanwhile, strategic acquisitions signal ongoing industry consolidation.
The rising cost of meetings is prompting planners to reconsider where they hold them. Lower hotel rates and reduced service fees in smaller cities are shifting the conversation away from traditional tier-one destinations.
Despite current economic headwinds, Cvent has restarted its acquisition spree by adding one of the few companies that specialises in 3D visualization of event spaces.
As meeting venues contend with rising costs, supply-chain issues, labor shortages, and other challenges, they should not lose sight of opportunities to increase efficiency through automated solutions and win more business by marketing efforts toward diversity, accessibility, and sustainability.
Meetings, events, and hospitality technology provider Cvent has unveiled two new products and is rolling out a new instant booking tool across Choice Hotels International's portfolio of franchised hotels.
Hopefully this demand from travelers will encourage more tourism businesses to adopt sustainable practices as it now makes business sense for them to do so.