RFP Activity Levels The Events Industry Council’s Global Business Events Barometer reported in May that over the period January to March 2022, RFP activity globally still only represented 56% of 2019 levels, suggesting there is still a long way to go before we experience RFP levels similar to 3 years ago. Western Europe has much further to recover, as the continent sees RFP levels at just 45% of 2019 levels, however IACC members in Scandinavia report a very different trajectory with many experiencing significantly stronger income this year compared to 2019.
Global Business Events Barometer 2021 Q3 (index 2019=100)
Central and Eastern Europe
Western Europe
41 79
Americas
35 45
Middle East
67 78
80 79
Asia Pacific
Africa
Latin America and the Caribbean
Global
62 34
54 51
65
55 56
Hotel group room nights
RFP activity
Source: Events Industry Council, Oxford Economics, STR, Amadeus, Cvent
More recent intelligence from Cvent compiled from April & May data confirms that the momentum remains positive with RFP’s sitting at least 80% of 2019 volumes for corresponding weeks. For the same period, the number of RFP’s for groups of 51+ rooms increased from 22% pre-covid to 26% in April and booking windows are only marginally shorter at an average of 160 days.
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