Understanding the Industry
Corporate retreat and conference campuses rarely possess the physical space required to facilitate simultaneous corporate groups. Meeting spaces, hotels, and restaurants come at a premium. Huddle Up leverages the 1.3 million square feet of shopping, dining, and entertainment venues that Patriot Place has already developed and provides them with an entirely new audience. The market for corporate meetings and conventions is deep – valued at over $361.5 billion yearly for training alone. Combine that with the $424 billion that companies in the U.S. spent last year on corporate training-related food & beverage costs and increased hotel occupancy and we’re looking at an incredible opportunity. And those are just last year’s numbers. Analysts confirm that nearly 95% of organizations plan to increase and maintain investment in leadership and employee development. This market is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2032, reaching a projected value of $658.2 billion by 2032.
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