The latest edition of Cvent’s Group Business Outlook shows that demand for bookings in the years ahead is lagging behind expected metrics. The report pulls from the Cvent Supplier Network, which features 255,000 venues.

The data shows a marked downtick in awarded group rooms pace compared to prior years, but advanced bookings have picked slightly up over the last quarter. Bookings for the fourth quarter of 2020, in particular, are currently down 3 percent compared to the previous year.

Request for proposal activity, however, heated up over the second half of 2018.

Download: Cvent Group Business Outlook Q4 2018 (PDF 860 KB)