Technology Agreement Group

“One of these types not only reflects the confidence of our two companies in the future of business travel, but also underlines the increasingly important role that technology plays in the hospitality industry to advance success,” says Patrick Smith, Marketing Director at Cvent. The Information Technology Agreement (ITA) is a multi-lateral agreement implemented by the World Trade Organization (WTO) and concluded in 1996 in the Ministerial Declaration on Trade in It-Tech Products, which came into force on 1 July 1997. Since 1997, an official WTO committee has overseed the following declaration and its implementation. [2] The agreement was extended in 2015. [3] As part of the agreement, Radisson Hotel Group will use Cvent`s commercial intelligence software to evaluate and improve real estate transient performance for 85 of its properties in Europe, the Middle East and Africa (EMEA). “At Radisson Hotel Group, we believe the path to recovery is closely linked to the efficient use of technology to achieve results. Cvent`s solutions are crucial to successfully navigating our real estate through the RFP season and to ensuring that we are in a strong position to attract customers and partners. The home page of the WTO Information Technology Agreement allows U.S. exporters of computer products to get more details about the agreement. According to a 2017 World Trade Review study, the enlargement of the ITA in 2015 is “the most successful attempt at trade liberalization under the auspices of the WTO since its inception in 1995.” [3] The study attributes the success of the negotiations to four factors: “a narrower scope without a single approach for business, a negotiating group that included many but not all WTO members, the focus on tariffs rather than non-tariff barriers and the prevention of nationalist opposition.” [3] This agreement may benefit any company wishing to export one of the computer products covered in the agreement to one of the signatory states. The removal of tariffs leads to lower transaction costs, better market access, increased sales and increased export revenues.

Cvent is a leader in meetings, events and hospital technology with nearly 4,000 employees, 30,000 customers and 300,000 users worldwide. The Cvent Event Marketing and Comprehensive Management platform provides event organizers and distributors with software solutions for online event registration, event venue selection, event marketing and management, virtual and on-site solutions, and participant engagement. The Cvent product line automates and simplifies the entire event management process and maximizes the effect of personal, virtual and hybrid events. Hotels and event venues use Cvent`s supplier and venue solutions to attract more MICE, group and corporate businesses through Cvent`s sourcing platforms, and to serve their customers directly, efficiently and cost-effectively – and to help them grow and own their business. Cvent solutions optimize the entire event management value chain and have enabled customers around the world to manage millions of meetings and events. For more information, please visit Cvent.com/uk or connect us on Facebook, Twitter or LinkedIn. “We are pleased to expand our partnership with Cvent and use its high-level business intelligence solutions to increase our market share and maximize our distribution and marketing efforts as part of our ambitious five-year growth and development plan,” said Gianni Di Fede, RHG EMEA VP VP of Revenue Management.