Industry Update
Supplier News 5 January 2022

Knowland Sights Indicators of a Stabilizing Meeting Industry as Native Seasonality Asserts Itself Into Normal Patterns

December U.S. meetings and events data indicates the shifting growth in different markets as a signal that recovery is spreading

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Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, today released its monthly meetings and events data for December. Although December U.S. group meeting volume decreased 16.8 percent over November 2021, this change is in line with normal seasonality trends.

Reflecting the latest industry reaction to new virus concerns, the average number of attendees dipped in December. However, average space used edged closer to the 2019 metric.

  • Average attendees decrease from 2019 – The average number of attendees per event in December 2021 was 101, compared to 140 in December 2019.
  • Average space edges closer to 2019 –The average space used in December 2021 was 2,363 square feet while meetings in December 2019 averaged 2,254 square feet.
  • Top five market growth – The top five growth markets, in order, in December were Seattle, Oahu Island, Grand Rapids, Tucson, and Chattanooga.
  • Corporate meetings represent the largest market segment – The corporate segment represents 64 percent of meeting and event business with technology and healthcare taking the lead as the largest industry groups.

Kristi White, chief product officer, Knowland, said: “There are several leading indicators the meetings industry is stabilizing. The first is native seasonality asserting itself into normal patterns seen before the pandemic began. The second is shifting growth markets. Seeing growth shift amongst many different markets is a sign recovery is spreading to all areas of the country and is not limited to a handful of markets.”

About the Data: Insights presented are a result of the analysis of meetings and events data acquired through Knowland data collection and aggregation methods, including field reporting and automated methods of customer and non-customer data collection in primary, secondary, and tertiary markets, as well as its large historical database.

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About Knowland

Knowland is the world"s leading provider of data-as-a-service insights on meetings and events for hospitality. With the industry's largest historical database of actualized events, thousands of customers trust Knowland to sell group smarter and maximize their revenue. Knowland operates globally and is headquartered just outside Washington, DC. To learn more about our solutions, visit www.knowland.com or follow us on Twitter @knowlandgroup.

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