New York Top City for Meetings in 2020, Says Report
By Harvey Chipkin
New York will be the top city for meetings and events in North America for 2020, according to CWT’s 2020 Meetings & Events Future Trends report. The city moves up from No. 2 in 2019. San Francisco moves from No. 8 to No. 2 this year while Chicago moves from No. 9 to No. 3, followed by Atlanta, Toronto, San Diego, Seattle, Orlando, Dallas/Fort Worth and Las Vegas (which fell from No. 1). The ranking is based on proprietary and industry data. While demand for meetings and events continues to rise in North America, the pace of growth has fallen, tempered by political headwinds, according to the research. Tony Wagner, vice president, Americas and South Pacific regions, CWT Meetings & Events, said some industry segments are pulling back and are being a bit more cautious. Fears of a looming economic slump, driven in part by the deepening trade war between the world’s two largest economies, the US and China, are also impacting booking times. Large events previously booking at least six months in advance are now seeing shorter windows of three months, hobbled by the geopolitical and global economic uncertainty.