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Cvent, a leader in meetings and hospitality technology, will host its third annual Cvent Travel Summit on April 19. This complimentary virtual event aims to help travel executives and corporate buyers enhance their travel programs. Sponsoring the summit is the Travel and Meeting Society (TAMS), which focuses on innovation in the industry.
With nearly 75% of travel managers anticipating a return to pre-pandemic travel levels, the summit offers insights into navigating the evolving industry landscape. Keynote speakers include Bart Berkey, a renowned hospitality executive, and Dan Cnossen, a Paralympic medalist.
Attendees can also engage in pre-summit networking receptions on April 18 in New York and London. For more details and registration, visit the Cvent website.
Cvent Holding Corp. (CVT) reported fourth quarter 2022 revenue of $170.9 million, up 18.2% year-over-year and exceeding guidance. Event Cloud revenue grew 17.2% to $120.6 million, while Hospitality Cloud revenue rose 20.5% to $50.3 million. For the fiscal year 2022, total revenue reached $630.6 million, a 21.5% increase. However, net loss widened to $100.3 million, compared to $86.1 million in 2021. Adjusted EBITDA stood at $113.4 million, above guidance, with an 18.0% margin. Following a definitive acquisition agreement with Blackstone, Cvent will not provide future financial guidance.
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