Sign In
Free Newsletter
High cost, higher rewards
Michael Meyers is always looking for an advantage. Like many in the meetings industry, the Greater Richmond Convention Center’s general manager has seen his facility’s costs spike from inflation. Likewise, the price tag to run conferences has increased, so planners and venues are striving to ensure a good return on investment for attendees. And to […]
Conventional wisdom
Business-related travel and events are slowly making a comeback in the post-pandemic era. In 2022, visitors to Virginia spent $30.3 billion in the commonwealth, exceeding 2019 spending by 4%. Of that spending, $4.8 billion was from business travelers, says Dan Roberts, vice president of research and strategy for Virginia Tourism Corp. While none of the […]
Federal Contractors | Technology 2023: REGGIE AGGARWAL
Cvent is a market-leading meeting, events and hospitality technology provider based in McLean. Originally trained as a lawyer, Cvent CEO Aggarwal received degrees from the University of Virginia, Washington and Lee University and Georgetown University Law Center. But he was seduced from the law by events management. After staging several hundred events as president of […]
January Va. hotel revenues surpass 2019
Virginia hotel revenues in January were 14.9% higher than pre-pandemic levels, largely due to higher hotel room rates, according to data released Tuesday by STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. Hotel rooms sold increased by 5% last month compared with January 2019. The average […]
The Highlander nearly complete in Radford
The Highlander, a $40 million boutique hotel and conference center, is expected to open next to Radford University soon. University officials and their partners in the project broke ground in April 2021 and expect it to be completed in January 2023. The conference hotel will have 124 rooms, including four suites, and a 4,000-square-foot conference […]
On the road again
Business and leisure travelers are putting the pandemic in the rearview mirror and once again are filling Virginia hotels and resorts. While that’s good news, widespread staffing shortages continue to hamper the hospitality industry. Occupancy rates are almost back to 2019 numbers, with Northern Virginia finally seeing upticks as corporate and government travel has slowly […]
Back in business
Like the proverbial canary in the mineshaft, the state of the meetings and convention planning industry is a good barometer for predicting how well the economy is doing and what direction it is moving. Despite the persistence of COVID-19 variants, the canary is still singing a happy tune — as are meeting and convention planners […]
Va. hotels expect 28% drop in 2022 biz travel revenue
Virginia hotel revenue from business travel this year is projected to be down 28.3% from pre-pandemic levels, or about $674 million less than the $2.39 billion the lodging industry took in during 2019, according to a report released Tuesday by the American Hotel & Lodging Association and Kalibri Labs. Nationally, the associations forecasts a 23% […]
