Cvent’s data pulls from the 255,000 venues in its supplier network in North America, and it doesn’t bode well for the health of the meetings sector amid high costs and increased consolidation.

Every quarter from now until the second quarter of 2021 is in negative territory, signaling a potential multiyear downturn in group booking pace. While most of the lag is minor, around a percentage point or two, advance data for the first quarter of 2021 shows a 3.4 percent year-over-year downtick in bookings.

Related: Cvent Group Business Outlook