Cvent Unveils 2019 List of Top 50 Meeting Hotels in Asia Pacific

Annual list highlights top performing MICE hotels

 TYSONS, Virginia, United States — May 21, 2019 – Cvent, a market leader in meetings, events, and hospitality technology, today released its annual list of the Top 50 Meeting Hotels in Asia Pacific. The list was compiled by analysing meeting and event booking activity through the Cvent Supplier Network (CSN), one of the world’s largest venue sourcing platforms. More than USD $16 billion and more than 42 million room nights were sourced through the CSN in 2018, including an increase of nearly 15% in sourcing volume in APAC over 2017. Cvent’s Top Meeting Hotels lists rank venues based on MICE performance according to various criteria, including total requests for proposals (RFPs) and conversion rate.

"The venues featured on this year’s lists are elevating their MICE strategy through innovative digital marketing and quick and complete online responses to RFPs – which is exactly what event organisers want,” said Chris McAndrews, vice president of marketing for Cvent Hospitality Cloud. "Our Top Meeting Hotels lists are consistently used by event organisers to find great hotels and by hoteliers looking to set themselves apart to increase their property’s group business revenue.”

“We’re thrilled to be recognised as the number one meeting hotel in Asia Pacific for the second year in a row,” said Malcolm Zancanaro, general manager at Hyatt Regency Sydney. “In the last 12 months we’ve had the opportunity to welcome thousands of guests to our property for events both large and small, so this accolade is really a testament to our associates and their passion to deliver exceptional meetings every day.”

Asia Pacific (APAC) List Highlights

·         Hyatt Regency Sydney retained its number one position as Top Meeting Hotel.

·         Five properties are new to the Top 10:

o   Grand Hyatt Singapore (ranked 2nd)

o   Grand Hyatt Seoul (ranked 3rd)

o   Grand Hyatt Hong Kong (ranked 4th)

o   ANA InterContinental Tokyo (ranked 9th)

o   Marina Bay Sands Singapore (ranked 10th)

·         There are 17 new properties to the Top 50 list including Bangkok Marriott Marquis Queen’s Park, Millennium Seoul Hilton, Sofitel Sydney Darling Harbour, PARKROYAL Darling Harbour, Sydney, Resorts World Sentosa Singapore, and Grand Hyatt Tokyo among others.

·         Hilton, Hyatt, and Marriott are the top three hotel chains represented on the Top 50 list.

Top 10 Hotel Properties in APAC

2019 Rank

Hotel Name

1

Hyatt Regency Sydney

2

Grand Hyatt Singapore

3

Grand Hyatt Seoul

4

Grand Hyatt Hong Kong

5

Pan Pacific Singapore

6

InterContinental Sydney

7

Hilton Tokyo

8

Shangri-La Hotel, Singapore

9

ANA InterContinental Tokyo

10

Marina Bay Sands Singapore

 

View the full 2019 list of Top 50 Meeting Hotels in APAC.

 

To address increased demand and buyer preferences, Cvent unveiled additional Top Meeting Hotel lists which segment hotels further based on commonly searched attributes including meeting space square footage and region-specific locales. These lists include: Top 25 Meeting Hotels in Australia, Top 25 Meeting Hotels in Asia, and Top 50 Meeting Hotels in Germany, among others.

Methodology

Cvent evaluated hotel properties that generated business through the Cvent Supplier Network from January 2018 through December 2018. The properties were ranked according to various criteria, including total requests for proposals (RFPs), awarded RFPs, total room nights, awarded room nights, major metropolitan area (MMA) market share, conversion rate, response rate, and the hotel's unique profile visits in the Cvent Supplier Network. The criteria are designed to provide the most accurate reflection of the top meeting hotels in the U.S., Europe, Middle East and Africa, and Asia Pacific regions.

About the Cvent Supplier Network

Featuring more than 260,000 hotels, resorts and special event venues, the Cvent Supplier Network (CSN) is one of the world's largest and most accurate databases of detailed venue information. Cvent sourced more than USD $16 billion in meetings and events through its marketplace and more than 42 million room nights in 2018. The CSN contains listings of hotels and other venues in more than 175 countries that can be searched and filtered based on approximately 200 meetings and events attributes. The Network is part of the Cvent Hospitality Cloud, which partners with hotels and venues to help them drive group and corporate travel business.  

To find venues, request quotes, and book event space on the Cvent Supplier Network, visit https://www.cvent.com/venues.

About Cvent

Cvent is a leading meetings, events, and hospitality technology provider with more than 4,000 employees and nearly 21,000 customers worldwide. Founded in 1999, the company delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging, impactful experiences. Cvent is headquartered in Tysons, Virginia, just outside of Washington D.C., and has additional offices around the world to support its growing global customer base. The comprehensive Cvent event marketing and management platform offers software solutions to event organizers and marketers for online event registration, venue selection, event marketing and management, virtual and onsite solutions, and attendee engagement. Cvent’s suite of products automate and simplify the entire event management process and maximize the impact of in-person, virtual, and hybrid events.  Hotels and venues use Cvent’s supplier and venue solutions to win more group and corporate travel business through Cvent’s sourcing platforms. Cvent solutions optimize the entire event management value chain and have enabled clients around the world to manage millions of meetings and events. For more information, please visit Cvent.com, or connect with us on FacebookTwitter or LinkedIn.

 

Additional Information

In connection with the Business Combination, Dragoneer has filed with the US Securities and Exchange Commission (“SEC”) a Registration Statement on Form S-4 (the “Registration Statement”), which included a preliminary prospectus and preliminary proxy statement. The Registration Statement was declared effective by the SEC on October 29, 2021. Dragoneer has mailed a definitive proxy statement/final prospectus and other relevant documents to its shareholders on or about November 12, 2021. This communication is not a substitute for the Registration Statement, the definitive proxy statement/final prospectus or any other document that Dragoneer is sending to its shareholders in connection with the Business Combination. The information filed by Dragoneer contains substantially more information about Cvent than is being furnished with this communication and may contain information that an investor will consider important in making a decision regarding an investment in Dragoneer securities. INVESTORS AND SECURITY HOLDERS OF DRAGONEER ARE ADVISED TO READ THE PROXY STATEMENT/PROSPECTUS IN CONNECTION WITH DRAGONEER’S SOLICITATION OF PROXIES FOR ITS EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON DECEMBER 7, 2021, TO APPROVE THE BUSINESS COMBINATION (AND RELATED MATTERS), AS WELL AS ANY AMENDMENTS THERETO, AND THE EFFECTIVE REGISTRATION STATEMENT AND DEFINITIVE PROXY STATEMENT/PROSPECTUS IN CONNECTION WITH SUCH SOLICITATION BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE BUSINESS COMBINATION AND THE PARTIES TO THE BUSINESS COMBINATION. The definitive proxy statement/final prospectus was mailed to shareholders of Dragoneer as of October 29, 2021, the record date established for voting on the Business Combination. Shareholders are also be able to obtain copies of the proxy statement/prospectus, without charge,  at the SEC’s website at www.sec.gov or by directing a request to: Dragoneer Growth Opportunities Corp. II, One Letterman Drive, Building D, Suite M500, San Francisco, California, 94129.

Participants in the Solicitation

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Forward-looking statements in this communication include, but are not limited to, statements regarding future events, such as the proposed Business Combination between Dragoneer and Cvent, including the timing and structure of the transaction, the likelihood and ability of the parties to successfully consummate the Business Combination, the PIPE and the Forward Purchase Agreement, the amount of funds available in the trust account as a result of shareholder redemptions or otherwise, as well as statements about the composition of the board of directors of the company. We cannot assure you that the forward-looking statements in this communication will prove to be accurate. These forward looking statements are subject to a number of risks and uncertainties, including, among others, the general economic, political, business and competitive conditions; the inability of the parties to consummate the Business Combination or the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement or any related agreements or could otherwise cause the transaction to fail to close; the outcome of any legal proceedings that may be instituted against the parties following the announcement of the Business Combination and the transactions contemplated by the Business Combination; the ability of existing investors to redeem the ability to complete the Business Combination due to the failure to obtain approval from Dragoneer’s shareholders, or the risk that the approval of the shareholders of Dragoneer for the potential transaction is otherwise not obtained; the failure to satisfy other closing conditions in the Business Combination Agreement or otherwise, the occurrence of any event that could give rise to the termination of the Business Combination Agreement; the failure to obtain financing to complete the Business Combination, including to consummate the PIPE or the transactions contemplated by the Forward Purchase Agreement; the ability to recognize the anticipated benefits of the Business Combination; the impact of COVID-19 on Cvent’s business and/or the ability of the parties to complete the Business Combination; the receipt of an unsolicited offer from another party for an alternative business transaction that could interfere with the Business Combination; changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; failure to realize the anticipated benefits of the Business Combination, including as a result of a delay in consummating the potential transaction or difficulty in integrating the businesses of Dragoneer and Cvent; the risk that the Business Combination disrupts current plans and operations of Dragoneer or Cvent as a result of the announcement and consummation of the Business Combination; the ability of the Company to grow and manage growth profitably and retain its key employees; the inability to obtain or maintain the listing of the post-acquisition company’s securities on Nasdaq following the Business Combination; changes in applicable laws or regulations and delays in obtaining, adverse conditions contained in, or the inability to obtain regulatory approvals required to complete the Business Combination; costs related to the Business Combination; and other risks and uncertainties, including those to be included under the header “Risk Factors” in the registration statement on Form S-4 filed by Dragoneer with the SEC, those included under the header “Risk Factors” in the final prospectus of Dragoneer related to its initial public offering and those under the heading “Summary Risk Factors” in the investor presentation filed as Exhibit 99.3 to Dragoneer’s Current Report on Form 8-K filed on July 23, 2021. 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Disclaimer

This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

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