Fort Lauderdale, Florida, June 06, 2024 (GLOBE NEWSWIRE) — Group travel is a major component of the global hospitality industry, making up a large part of hotels’ income, particularly during non-holiday seasons. Youth and amateur sports are a huge contributor to group travel revenue, with $10.9 billion spent on lodging in 2023, according to a report by Sports ETA. With the global events industry expected to grow to $2.1 trillion by 2032, group travel is only going to become even more valuable.
However, the group travel industry is also incredibly fragmented, with a lack of resources that can help event organizers efficiently reserve hotel blocks for guests. Reserving more than 10 rooms at a time can be complicated, especially…
