has released its annual list of the Top 50 Meeting Destinations in the U.S.
and, while there were some notable changes in Cvent’s top 10, Orlando, FL retained the top spot.
Cvent, a leading cloud-based enterprise event management software company, became a publicly traded firm on Aug. 9 with a very successful initial public offering
on the New York Stock Exchange.
Its annual list is based on actual meetings activity in more than 5,700 U.S. cities. Worldwide, there are more than 200,000 hotels and special event venues included in the Cvent Supplier Network.
The top 10 U.S. meeting destinations for this year are:
- Las Vegas
- San Diego
- New York City
- Washington, D.C.
New York entered the top 10 at number six this year, pushing out New Orleans, which fell to number 12. Chicago jumped from fifth in 2012 to second this year, ahead of Las Vegas, which retained its number three spot. And in a year in which budget battles and sequestration have cut federal agencies’ travel budgets by nearly one third, it should probably come as no surprise that Washington, D.C. tumbled from second to seventh place.
“There were a surprising number of cities that shifted in our list this year, highlighting the competitive nature of the meetings and conventions industry, as well as the critical role that convention and visitors bureaus play in attracting events,” said Bharet Malhotra, senior vice president of sales for the Cvent Supplier Network, in a statement.
Joining the Top 50 this year were National Harbor, MD; Tucson, AZ; Coronado, CA; and Salt Lake City. They displaced Henderson, NV, as well as three cities in Florida: Boca Raton, Jacksonville, and Naples. This year, Cvent noted that small cities that are within close proximity to major airports were also moving up the list.
To create the list, Cvent tracked meeting activity between July 2012 and June 2013, and then ranked the cities based on the following five criteria:
Unique RFP Share: The percentage of unique RFPs for that particular city divided by the total unique RFPs received across all cities.
Total Room Nights Share: The percentage of total room nights for that particular city divided by the total room nights across all cities.
Awarded RFP Share: The percentage of awarded RFPs for that particular city divided by the total awarded RFPs across all cities.
Awarded Room Nights Share: The percentage of awarded room nights in that particular city divided by the total awarded room nights across all cities.
Venue Share: The percentage of the number of venues with more than 2,000 square feet of meeting space within that particular city, divided by the total venues with more than 2,000 square feet of meeting space across all cities.
The full listing of Cvent’s Top 50 Meeting Destinations in the U.S. is available here