The company predicts that booking activity on its platform will be up in the beginning of 2020, as compared to last year, but that it will soon plunge downwards. Cvent gathers its data from its venue sourcing database, which has 260,000 venues globally, and it has been projecting a decline all year.

It isn’t all bad, however. Cvent’s data projects that group booking will start to improve toward the middle of 2021, and should remain up through the end of the year.

Download: Cvent Group Business Outlook Q2 2019