"Events are the one channel AI can't replicate," said Cvent CEO and co-founder Reggie Aggarwal
at the company's annual customer conference in Nashville this month, where it unveiled a
brand refresh and announced a $1 billion investment in AI, product innovation
and technology over the next three years.
At first glance, the
two messages seem at odds: a new brand identity centered on the irreplaceable
value of human connection—what Cvent calls the "Presence Premium"—alongside a $1 billion commitment to advancing
its AI capabilities. Yet that apparent tension is increasingly shaping the
future of strategic meetings management, as organizations look to automate
planning and gain deeper insight from data without sacrificing the human
expertise and personal interactions that make meetings (and meetings-related
travel) valuable.
"Meetings bring us back to some fundamentals with authentic moments
between people," Aggarwal told BTN at Cvent Connect. "Those moments accelerate relationships and
relationships accelerate business—whether that's sales or partnerships—it just comes down to
relationships accelerating what you're trying to accomplish between two parties
quicker."
Cvent’s latest investment promises to push meetings
technology further into the AI era, with a wide-ranging upgrade roadmap that spans Cvent Assistant, its
suite of AI capabilities for event organizers; AI-powered attendee experience
tools designed to support greater personalization and networking;
conversational interfaces within Cvent Essentials that will automate event builds; and AI-powered budgeting and deep data analytics. But Cvent is not the only player making
moves.
TMC heavyweights Amex GBT, BCD and FCM, each with dedicated M&E
divisions, are investing in "ecosystems" that connect travel, meetings
and expense data with sourcing and attendee management. FCM M&E is trialing
a suite of 16 AI tools to support the operational delivery of managed meetings
programs. Known collectively as 'Backstage,' the internal
tools are currently being put to the test in the agency's Australia business, with rollout planned across
the UK and Southeast Asia in Q4.
UK-based Clarity also
announced the "convergence" of its proprietary travel and
meetings management tools, while tech-led players Navan and Perk have
launched event management and reporting tools. Across the board, AI is part of
the proposition.
Meetings
management platforms Hubli and Groupize have also made significant investments
in AI-powered sourcing, contracting and reporting tools, both touting "end-to-end" offerings. The latter has also
launched a suite of 14 agentic AI agents and rebranded as Groupize.AI (read
more about these developments here).
A new wave of "AI-native" start-ups is further
disrupting the landscape with intuitive tools designed to automate much of the
sourcing process, and large language model-powered interfaces that allow users
to query data in natural language.
Aggarwal acknowledges that AI development has advanced
"tremendously" but cautions that many start-ups "underestimate" the
complexity of meetings management, particularly at enterprise level.
Hubli CEO Ciaran
Delaney also stressed the importance of system integrations and the "pipework" required to
connect to and transact with suppliers—mechanics that extend far beyond an AI
search interface.
"AI is helping from a search and planning perspective, but there's still a
disconnect with the hotels and the venues when it comes to transacting the
booking," Delaney said. In Hubli's case, he said the company has invested heavily
in recent years to build that "transactional layer" with hotels and venues, enabling real-time
pricing and availability, contracting terms and the necessary invoicing
protocols. "That's the final mile enterprise clients need."
An upshot of this
increasingly crowded competitor landscape is greater choice for buyers.
Groupize co-founder
and CEO Alisa de Gaspe Beaubien said the growing number of new technology
players is helping to "democratize" meetings management.
"Now that corporates have a choice, they can influence their third
parties on what technology to use," she said. "SMM is a relic—it was a product that agencies
sold to make more money… [Today], the AI transformation is allowing
[corporates] to embrace self-service. So, a travel manager who may have been
fearful of the category before, can now embrace it."
Cautious Approach
to Re-platforming
But are meeting and
event managers ready to embrace this fast-evolving landscape—and are SMM
strategies keeping pace?
According to GBTA's latest poll of business travel professionals, 41 percent
of transient travel buyers are proactively identifying and implementing AI use
cases. However, data privacy concerns, weak integration with existing systems
and broader ecosystem readiness are among the biggest barriers to wider
adoption.
Northstar Meetings
Group quarterly Pulse survey of meetings professionals turned up some similar
overall results, with 44 percent of meeting planners saying they used generative
AI applications in the course of planning and managing meetings and events.
Their main activities incorporating AI appear to be discrete and not
necessarily attached to strategic systems. For example, about one-third use AI
to generate content for website creation and marketing assets. The same
percentage tapped AI to analyze structured and unstructured attendee feedback. Thirty-one
percent used AI for initial sourcing purposes, like venue search, but less than
a quarter carried AI capabilities through the RFP analysis and negotiation
process.
That's not necessarily surprising, since AI capabilities have only recently
been applied to the systems that facilitate such processes, and driving
adoption or reconfiguring workflows around new capabilities takes time,
especially when innovation must play nice with other technologies. That said, half of companies are spending more money on meetings management technologies than they did a year ago, which means they are ready to invest in some new tools.
Groupize's de Gaspe Beaubien acknowledges the challenge of innovating around legacy
enterprise systems. While Groupize has long touted its "deep" integration with Concur Travel and Concur
Expense, that also obliges the meetings player to "straddle the line of delivering innovation," she said.
"The banks, Concur, etc. they're not
going to be AI native even in five years—not because they can't be, they just
won't be." As a tech partner with that platform, Groupize will have to
bide its time in terms of rolling out its full set of improvements to shared
clients. "Having AI with those deep legacy player integrations [takes
time] … because nobody's ripping SAP out of their program."
On the flip side, the biggest
challenge for corporates is balancing innovation and stability, said Nicole
DiSarno, who manages customer experience and engagement, travel and events at
consultancy Festive Road.
DiSarno described the
meetings technology landscape as "incredibly dynamic and complex because legacy
players offer stable programs—it's tried and true, less of a risk—whereas some of
these newer AI companies are completely disrupting the industry, but you don't
want to have to completely change your program every time a new tool or piece
of technology comes out."
The trick for travel
and meetings managers, according to DiSarno, is finding tools that can be
easily integrated into a flexible program architecture "to allow you to remain fungible and dynamic
with the market without having to continually redo and manually recreate
workflows."
The pace of innovation
is clearly accelerating, and capabilities only beginning to emerge today could
become table stakes within months. That makes flexibility in technology
contracts increasingly important, giving corporates room to adapt and adopt new
tools as they mature.
That may be easier
said than done. Planned, one of the AI-powered platforms shaking up the market,
predicts AI will shorten the lifecycle of meetings technology from four to six
years to three to four years, after which improvements in integration, vendor
innovation or broader market shifts could warrant a "major upgrade or platform change"—at least
according to the company's own marketing materials.
Buyers are responding to this shifting technology
landscape in different ways. Some are taking a more deliberate approach to
sourcing, demanding more from technology and agency partners. Others are
layering on their own tools to extract data and identify trends from existing
platforms, while those with smaller budgets are taking a DIY approach, building
their own meetings tools with readily available enterprise AI subscriptions.
Tech
Focused Agency Approach
Henry Ryan Sope,
senior manager for global travel and expense at Coty Inc., is carefully
examining the market as he builds out the company's SMM strategy. Sope joined the beauty
conglomerate in September 2024 with a mandate to optimize and consolidate its
global travel and expense program across 36 countries. Nine months ago, that
remit expanded to include meetings and events.
"We're at the
beginning of our strategic meetings management journey," Sope said. The
company recently implemented Cvent to manage small and simple
meetings, however newer AI-powered platforms such as Hubli and
Nowadays have also piqued his interest with a promise of
"advanced functionality" and "transparent" pricing.
"If these newer
players can demonstrate their stability in the marketplace, that's definitely
something we may consider," he said.
His longer-term
priority is to gain greater visibility over the company's portfolio of
large-scale events, which are currently managed locally through multiple agency
partners.
Collectively, Coty’s
meetings and events program represents around €50 million in annual spend,
primarily across air travel, accommodation and event production.
"We want to
leverage that spend, and one of our main priorities is to centralize it so we
have much better control over event management and can build strategic
partnerships with suppliers, rather than working on a project-by-project
basis," Sope said.
To support
that strategy, Sope hopes to launch a global RFP for a meetings and events
agency capable of delivering greater global brand consistency, improved spend
visibility and—critically—strong technology capabilities.
Sope may prove to be evidence of de Gaspe
Beaubien’s prediction that buyers will help drive specific technology adoption
of their chosen agencies.
"The objective
isn't just to reduce costs," he said. "It's to create more meaningful
events with better insight into how each event impacts the business… We expect
an M&E agency to use technology to help us maximize both return on
investment and return on experience."
He added: "We want to be
able to measure delegate satisfaction and engagement after an event and
correlate that experience with sales outcomes across the business. The idea is to leverage AI as
much as possible [to track those post-event outcomes] because, as a company,
we're very forward-thinking. AI is embedded across our organization, so we want
to use it wherever possible… And an agency's AI capabilities would be among our
top five requirements for an upcoming RFP."
Buy or Build—or Both?
Some buyers aren't waiting for established platforms
to complete their AI roadmaps before putting the technology to work. Marybeth Roberts, senior director, global
travel and meeting services at software company Autodesk, is pairing existing meetings technology with frontier
generative AI models to optimize operations for which the company's current
technology providers haven't yet rolled out a solution.
Roberts explains how
her team uses an enterprise LLM AI tool equipped with the required corporate
guardrails around data, security and governance, to expedite workflows in one
area of the program to free up resources elsewhere. It's part of what she describes as the "AI mindset" that Autodesk
encourages employees to adopt.
Roberts is responsible
for Autodesk's global travel and meetings program. She and her colleagues oversee the firm's travel
management company, hotel requests for proposal and airline negotiations. The
team also handles sourcing, contracting, and increasingly, meeting planning
(thanks in part to the recent success of an annual meeting, which Roberts' department
planned), for events ranging in size from 10 sleeping rooms to over 12,000
attendees and up to 42 hotels.
While
Roberts uses platforms such as Cvent (large events) and Hubli (self-booking
option for small and simple meetings) for hotel sourcing and conference room
allocation, a recurring pain point
continued to vex her team: hotel contract review. As a result, Autodesk’s IT
team created a prompt that uses an Enterprise LLM AI tool to compare contract
language against Autodesk’s approved hotel addendum and highlights potential
gaps for human review.
The AI Workflow
reviews each clause and assigns a traffic-light assessment: Red, a
required provision is missing or unacceptable; Yellow, the language
could be improved but is not necessarily critical; or Green, where the
contract language matches Autodesk’s requirements.
After AI reviews the
clauses and helps the team make the necessary adjustments, "the workflow
builds a contract summary for the internal stakeholder and our sourcing
workbook, which puts in all the costs and the savings," Roberts explains. "Internal testing indicates the workflow can
reduce initial contract review time by 75 percent."
That's time the team can use to address the rising
demand for meeting planning services, allowing employees to focus on
higher-value planning and supplier relationships.
DIY
AI
Not every organization
has the budget to invest in specialist meetings technology. Increasingly,
however, generative AI is enabling buyers to build lightweight alternatives
themselves.
One US-based
corporate buyer, who BTN granted anonymity because they did not have permission
to speak on behalf of their company, recently developed a bespoke travel
auditing agent using Microsoft Copilot Studio to support a recurring employee
engagement program that brings managers from across the country to the
company's Michigan headquarters each month. Because many attendees are
infrequent business travelers, the meetings require a high-touch booking
process, with each traveler completing an intake form before reservations are
made either by the internal travel team or its agency partner.
The AI agent
compares those intake forms against booked itineraries, automatically checking
flight dates, airports, arrival times and duplicate reservations before
flagging discrepancies for review.
Since going live in
January, the tool has uncovered "significant issues," including
duplicate tickets and return flights booked to the wrong airport, saving
"a couple of thousand dollars" in avoidable costs while helping
protect the employee experience. It also eliminates around 45 minutes of manual
itinerary reconciliation for each monthly meeting, allowing the travel team to
focus on higher-value tasks. "It's something that I don't need to do
now," the buyer said. "And even if it flags one or two items
inappropriately, it still saves a lot of time [and] you can always tweak it
behind the scenes."
The buyer has continued to refine the
AI agent's prompts as new scenarios emerge, even using other AI models to
critique and improve the instructions.
"When first carving out the system, it was struggling to catch some of
the duplicates, the split carriers," they explained. "So, I took the prompts that I had, put them
into Gemini, and asked it to review the instruction set and make any suggested
revisions."
For others facing
similar budget constraints, the buyer's advice is to "be a little scrappy… If your company's already
paying for an AI enterprise subscription—and they probably are—then just go in
and see if you can piggyback off any of the tools that already exist."