AUSTIN, Texas—Cendyn’s Gross sales Intelligence platform, beforehand often known as Knowland, introduced that Phoenix, Arizona, ranked first within the prime 25 markets with year-over-year (YOY) progress at 19.7 %. Las Vegas, Nevada, adopted carefully with progress at 17.7 %, inserting it within the prime 5 markets for the tenth consecutive month. South Michigan and the Florida Panhandle led in secondary markets, whereas Kauai, Hawaii, skilled important YOY progress at 72 %.
Phoenix ranked first within the prime 25 markets for the primary time in 2024 with a robust mixture of nationwide affiliation, expertise, healthcare, and monetary/banking. Michigan South ranked first in secondary markets, additionally for the primary time in 2024, seemingly on account of football-related actions.
- Main prime 25 markets by YOY progress in occasion quantity: Phoenix topped the checklist with 19.7 % occasion quantity progress in October, averaging 5,612 sq. ft and 174 attendees, pushed primarily by nationwide affiliation occasions (8.6 % of occasion quantity.) Las Vegas stayed within the prime 5, coming in second, pushed by nationwide affiliation and weddings. For the highest 25 markets, the typical house used elevated to three,902, with a median attendee rely of 132.
- Phoenix, Arizona (up 19.7 %): Nationwide affiliation, expertise, healthcare, monetary/banking, charity/nonprofit/social companies.
- Las Vegas, Nevada (up 17.7 %): Nationwide affiliation, marriage ceremony, expertise, pharmaceutical/biotechnology, healthcare.
- Dallas, Texas (up 17.6 %): Healthcare, nationwide affiliation, expertise, pharmaceutical/biotechnology, schooling.
- Atlanta (up 17.3 %): Training, nationwide affiliation, charity/nonprofit/social companies, expertise, marriage ceremony.
- New York (up 16.3 %): Know-how, journey, monetary/banking, schooling, charity/nonprofit/social companies.
- Prime 5 secondary markets by YOY progress in occasion quantity: Michigan South skilled important progress at 99.2 %, seemingly pushed by college soccer actions. Kauai, Hawaii, was within the prime 5 secondary markets for the primary time with a median assembly dimension of 9,631 sq. ft and common attendees of 316. Though a contributor was weddings, consulting, schooling, and nationwide affiliation occasions additionally had an influence. Charity/nonprofit/social companies occasions have been secondary drivers for 3 markets. The common house used was 3,841 sq. ft, and the typical attendee rely was 128. The 5 high-growth secondary markets and prime industries have been:
- Michigan South (99.2 %): Training
- Florida Panhandle (99.1 %): Retail/on-line retailer
- Louisville, Kentucky/Indiana (98.2 %): Nationwide Affiliation
- Kauai, Hawaii (72.0 %): Marriage ceremony
- New Mexico North (71.3 %): Journey
