Staff Writer
Dec 17, 2018

Plenty of revenue opportunity for Singapore: Cvent

Singapore wraps up the year with promise for 2019.

Plenty of revenue opportunity for Singapore: Cvent

A new report by event tech provider Cvent showed that Singapore hotels and venues saw a 12% year-on-year increase in requests for meetings equating to $82m in additional revenue opportunity. The data was extracted from Cvent’s Supplier Network. This comes at the heels of Singapore being ranked the ‘top meetings destination in Asia Pacific’, according to the company’s destination rankings.

In the meantime, Asia saw a 32% year-on-year increase in unique RFP volume and a 20% year-on-year increase in unique room night requests. These growth rates translate into more than $379m of additional unique RFP value for the Asian market.

Source:
CEI

Related Articles

Just Published

1 hour ago

iQiyi uses interactive AR billboards to promote ...

Face recognition and AR helped drive voting and online buzz for Idol Producer.

1 hour ago

Google mounts Australia legislation defence, says ...

Google's Australia head calls out 'inaccurate claims' about the value of news content to the search giant's bottom line.

2 hours ago

Cheil Worldwide acquires Chinese data service provider

The agency continues to pursue M&A deals with digital-oriented companies with its purchase of ColourData.

2 hours ago

Campaign Connect starts today at 3 pm HK/SG

Don't miss your chance to hear from top CMOs from Unilever, Mastercard, Burger King, Axa, DBS and agency leaders like Arthur Sadoun, Sir Martin Sorrell, Gary Vaynerchuk and more. Full agenda inside.