Residential meeting venues are recovering faster than non-residential venues. This is especially apparent in Europe, where approximately a quarter of residential venues have already surpassed pre-pandemic volume levels, compared to 9% in the Americas. This trend aligns with the findings of Encore Global in their Q3 Planner Pulse Survey, where 57% of in-person events are anticipated to be in hotels over the next 12 months, up from 49% from the Q1 and Q2 surveys.
Figure 5: Projected 2022 volume levels compared to 2019 by residential/non-residential
Non-residential
Residential
2%
0-10%
3%
11-20%
4%
3%
21-30%
2%
12%
31-40%
13%
6%
7%
41-50%
18%
51-60%
6%
9%
7%
61-70%
15%
71-80%
15%
18%
81-90%
13%
6%
91-100%
13%
6%
19%
Over 100%
3%
12
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