Cvent and MeetingPackage Announce Global Integration Partnership

Rhea-AI Summary

Cvent has partnered with MeetingPackage to enable planners to instantly book small meetings at over 6,000 hotels worldwide. This integration will allow Cvent users to quickly secure meeting spaces without needing to contact sales representatives. The partnership aims to enhance efficiency for both planners and venue operators, improving the booking process through automation. With more than 90,000 planners utilizing Cvent for sourcing venues, this collaboration is expected to streamline the meeting planning process significantly. The integration is anticipated to launch later this year, further expanding Cvent's capabilities in the hospitality technology sector.

Positive

• Collaboration with MeetingPackage expected to streamline booking for over 90,000 Cvent planners.
• Allows instant booking of small meetings at 6,000+ venues, enhancing customer experience.
• Integrates efficiently with existing hotel operational systems like Oracle Opera and Amadeus Delphi.
• Potential for increased group business revenue through improved automation.

Negative

• Success of integration contingent on realization of expected benefits and full functionality.

Two technology leaders partner to empower planners to directly book meeting space through Cvent

Cvent planners will be able to instantly book small meetings with more than 6,000 hotels and venues worldwide that use MeetingPackage, a multi-award-winning automation software for meetings and events sales.

HELSINKI & TYSONS, Va.--(BUSINESS WIRE)-- Cvent and MeetingPackage, two leading travel and hospitality technology companies, today announced their partnership to give Cvent customers the ability to instantly book simple and small meetings with hotels and venues that are leveraging MeetingPackage. The integration, which is expected to launch later this year, will allow Cvent Supplier Network customers to book participating MeetingPackage hotels and venues globally directly on the Cvent platform.

The partnership delivers benefits on both sides of the meeting and event sales process.

• Event planners: the more than 90,000* planners around the world that leverage Cvent to source their group hotels and venues and manage their events, will be able to quickly book meeting space and services at any hotel or venue that leverages MeetingPackage. The integration also addresses key sourcing questions instantly without planners needing to speak with a sales representative, including: Is the room available? Does it have the services I require for my meeting? And is it in my budget?
• Hotels and venues: MeetingPackage hotels and venues will benefit from considerably improved efficiencies and broader reach and engagement through the Cvent Supplier Network, one of the largest venue sourcing marketplaces in the world. More than $18 billion was sourced through Cvent’s sourcing networks in 2019 (pre-pandemic).
• Through the MeetingPackage product suite, venues and hotels can manage all their meetings and event sales, offline or online, direct or indirect. The software integrates with leading operational software solutions such as Oracle Opera or Amadeus Delphi. For smaller hotels and unique venues, MeetingPackage can be used as a self-service standalone software.
• By leveraging the Cvent and MeetingPackage integration, small or simple meetings can be automated allowing for hotel and venue sales teams to focus on tailor made proposals for the larger, more complex events.

“We’re excited to partner with Cvent and launch this global integration between our two platforms,” said Joonas Ahola, CEO and Founder of MeetingPackage. “The subject of process automation and digitization has really come to the fore as venues realize that manual processes have become unsustainable. This integration facilitates greater automation for a more seamless venue sourcing process, ultimately helping both the hotelier and event planner increase group business revenue with minimal effort.”

Jim Abramson, Cvent Vice President of Product Management commented on the partnership, “We’re thrilled to announce this integration with MeetingPackage, which benefits our mutual customers around the world. As a leader in the hospitality technology space, we’re proud to partner with leading organizations like MeetingPackage to expand our platform and enable deeper collaboration between meeting planners and hotels and venues.”

MeetingPackage software is already in use by venues in over 100 countries and it’s powering the booking journey for many well-known hotel chains such as Radisson Hotel Group, Nordic Choice Hotels, Clermont Hotel Group and Leonardo Hotels.

*As of December 31, 2021

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” including, but not limited, statements regarding Cvent’s and MeetingPackage’s expectations, beliefs, intentions or strategies regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements, including, but not limited to: the risk that the benefits described in this press release are not realized; whether all functions and capabilities discussed in this press release will be available as and when stated; and other factors beyond Cvent’s or MeetingPackage’s control. All forward-looking statements are based on information available to Cvent and MeetingPackage on and as of the date of this press release, and Cvent and MeetingPackage assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Cvent

Cvent Holding Corp. (Nasdaq: CVT), is a leading meetings, events, and hospitality technology provider with more than 4,800 employees and over 21,000 customers worldwide. Founded in 1999, the company delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging, impactful experiences. Cvent is headquartered in Tysons, Virginia, just outside of Washington D.C., and has additional offices around the world to support its growing global customer base. The comprehensive Cvent event marketing and management platform offers software solutions to event organizers and marketers for online event registration, venue selection, event marketing and management, virtual and onsite solutions, and attendee engagement. Cvent’s suite of products automate and simplify the event management process and maximize the impact of in-person, virtual, and hybrid events. Hotels and venues use Cvent’s supplier and venue solutions to win more group and corporate travel business through Cvent’s sourcing platforms. Cvent solutions optimize the event management value chain and have enabled clients around the world to manage millions of meetings and events. For more information, please visit Cvent.com.

About MeetingPackage

MeetingPackage is an omni-channel sales automation software for Meeting and Event bookings based in Finland.

Our objective is to improve the Meetings and Events booking process for both meetings planners and event venues including hotels, conference centers and serviced offices. The company integrates with venues’ existing PMS, S&C and back-office solutions while delivering products to all customer facing channels. Products include a venue and sales management platform, an online Booking Engine and a Meetings & Events specific Channel Manager. The software features twelve different language versions and is used by thousands of hotel customers globally and over 10 000 distribution partners.

The CEO of MeetingPackage is Joonas Ahola, and the company has HQ in Finland.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221215005165/en/

Cvent Media

Erica Stoltenberg

estoltenberg@cvent.com

(571) 378-6240

MeetingPackage Media:

Joonas Ahola, CEO

+358 (0)50 514 3542

joonas@meetingpackage.com

Source: Cvent Holding Corp.

FAQ

What is the significance of the partnership between Cvent and MeetingPackage?

The partnership allows Cvent planners to instantly book small meetings at over 6,000 venues, streamlining the booking process.

When will the Cvent and MeetingPackage integration be launched?

The integration is expected to launch later this year.

How will the integration benefit Cvent users?

Cvent users will benefit from quick booking capabilities and automated sourcing processes without needing to contact sales representatives.

What impact could the new partnership have on Cvent's market position?

The partnership could enhance Cvent's capabilities in the hospitality technology sector and improve engagement with hotels and venues.