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b&b hotels

Full company profile

uuid02m5mft

Namestring
b&b hotels
Legal namestring
CASPER BIDCO
Websiteurl
hotelbb.com
Company typeenum
Private
Founded yearint
1990
Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersParis, France
HQ citystring
Paris
HQ countrystring
France
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
budget hotel accommodation, economy lodging services, hotel franchise operations, extended stay aparthotels, hospitality loyalty programs
NAICS code2 codes
  • Hotels (except Casino Hotels) and Motels72111
  • Traveler Accommodation7211
SIC code2 codes
  • Hotels, Rooming Houses, Camps & Other Lodging Places7000
  • Hotels & Motels7011
Product category
Budget Hotel Accommodation
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model3 records
1Hotel Accommodation Services
TypeTransaction Fee
Description

Core revenue from operating hotels across Europe and expanding into US markets. Revenue exceeds €1.4 billion in 2024, driven by organic expansion and strong occupancy rates.

martini.ai
2Franchise and Management Fees
TypeSubscription Recurring
Description

Revenue from franchise recruitment campaign where entrepreneurs independently manage hotel properties under the B&B Hotels brand with operational support from the company.

hotel-bb.com
3Management Contracts
TypeManaged Services
Description

Increase in internally concluded management contracts through Cvent partnership deployment across European portfolio to strengthen business travel market position.

skift.com
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels6 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain
Pricing details3 tiers
1Standard budget accommodation
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Opening promotional rates of €50 per night for first three months at new properties. Regular rates vary by location and season, positioning in the budget/economy segment with high quality and low environmental impact.

hotel-bb.com
2Black Week promotional rates
ModelUnit PricingBilling cadencePay-as-you-go
Notes

30% discount applied across network in Germany, Austria, Liechtenstein, Netherlands, Denmark, and Czechia for stays between January 1, 2026 and April 6, 2026, with bookings made during Black Week (Nov 20 - Dec 3, 2025).

hotel-bb.com
3B&me Loyalty Program Benefits
ModelFreemiumBilling cadenceMonthly
Notes

Free loyalty program offering members exclusive benefits such as welcome rates, discounts, and free breakfast vouchers. Available across European operations in Austria, Belgium, France, Germany, Luxembourg, UK, Italy, Poland, Portugal, Spain, and Switzerland.

hotel-bb.com
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Brand1 of 4 records shown
1B&me
Description

Loyalty programme offering exclusive benefits such as welcome rates, discounts, and free breakfast vouchers

hotel-bb.com
+3 more records
Core offering1 text field

B&B Hotels operates a network of over 900 budget and economy hotels across 19 countries, offering essential accommodations including comfortable beds, breakfast, free Wi-Fi, digital check-in, and modern design. The portfolio is supported by the B&me free loyalty program, the B&me CLUB premium tier, and the B&B HOME extended-stay aparthotel sub-brand featuring kitchenettes and home-like amenities for medium and long-term stays.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • Revenue exceeded €1.4 billion in 2024
+4 more records
Product overview1 text field

B&B Hotels operates as a unified budget hotel platform with a portfolio of over 900 properties across 19 countries. The core offering is the B&B HOTELS brand (budget/economy hotels focusing on essentials like comfortable beds, generous breakfast, digital experience, warm welcome, and modern design). Supporting the core hotels are two complementary sub-brands: B&me and B&me CLUB (loyalty programs offering exclusive member benefits, discounts, and free breakfast), and B&B HOME (extended-stay aparthotels with kitchenettes and home-like amenities for medium/long-term stays). Corporate travel services are enabled through Cvent integration for business travelers.

Product and service4 records
1B&B HOTELS
CategoryBudget hotel accommodation
Description

Budget and economy hotel chain offering essential accommodations across 19 countries with over 900 properties. Focuses on providing high-quality, low-environmental-impact accommodations targeting travelers seeking practical stays during transit.

2B&me Loyalty Program
CategoryLoyalty program
Description

Free loyalty program offering members exclusive benefits including welcome rates, discounts, and free breakfast vouchers. Available across European operations in Austria, Belgium, France, Germany, Luxembourg, UK, Italy, Poland, Portugal, Spain, and Switzerland.

3B&me CLUB
CategoryPremium loyalty program
Description

Premium tier of the B&me loyalty program offering enhanced benefits and exclusive advantages for members.

4B&B HOME
CategoryExtended-stay aparthotel
Description

Extended-stay aparthotel brand designed for medium and long-term stays, blending hotel residence conveniences with home comforts. Features include kitchenette, shared kitchen, shared laundry, and common areas. Available in France and Belgium.

Scale indicator7 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-27
Description

Strategic partnership for hotel development with first joint property B&B Hotel Lübeck-Berliner Platz in Germany. Collaboration plans to develop ten additional hotels across Germany and other European countries over the next few years, combining Land Union's real estate ownership with B&B Hotels' operational expertise.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2025-07-30
Description

Partnership to centralize payment infrastructure enabling consistent guest experiences while expanding across Europe and into new markets like Brazil. Unified platform allows for personalized payment options based on regional preferences and supports operational efficiencies through tokenization and self-check-in terminals.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2025-07-22
Description

Expanded partnership to deploy Cvent Business Transient solutions across entire European portfolio including Germany, UK, Spain, Italy, France, and Benelux. Platform serves as central hub for managing corporate travel requests, streamlining sourcing for business travelers and increasing booking opportunities.

Strategic tierMinorTypeOthersAnnounced on2025-07-01
Description

Partnership with SOCOTEC for CSR certification supporting Corporate Social Responsibility strategy and sustainability initiatives.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2025-03-14
Description

Partnership completed over 140 joint IT infrastructure projects in 2024 leveraging 'Hotel in the Box' solution. Enabled rapid deployment of digital services for new locations including 50 acquisitions and 30 new openings in Italy. Focus on providing scalable, pre-configured IT systems for growing network.

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeEmerging player
Description

Airbnb is a major disruptor absorbing price-sensitive leisure travelers who would otherwise book budget hotels like B&B. While not a hotel operator, it competes for the same end-customer and increasingly overlaps with B&B's value-segment positioning.

TypeEmerging player
Description

OYO is a global budget hotel aggregator/franchisor that uses similar tech-enabled franchising to standardize independent budget properties. Competes with B&B in multiple European markets and is part of the broader digital disruption of the budget hotel category.

TypeBroad incumbent
Description

Accor is the largest European hotel group and directly owns ibis, ibis budget, and ibis Styles — the closest direct competitors to B&B Hotels in the European budget segment. As a broad incumbent, it operates across luxury, premium, midscale, and economy tiers, while B&B is budget-pure-play.

TypeDirect peer
Description

Travelodge operates a UK-anchored budget hotel network that directly competes with B&B on price, location strategy near transport hubs, and essentials-only room product. Similar asset-light franchise and leasehold model.

TypeBroad incumbent
Description

Hampton by Hilton is Hilton's flagship budget brand with free breakfast and consistent quality — directly comparable in positioning. Hilton is a broad incumbent with full portfolio, but Hampton specifically competes head-to-head with B&B in European and US markets.

TypeDirect peer
Description

Premier Inn (Whitbread) is the UK's largest budget hotel chain with comparable value-for-money positioning, owned-restaurant format, and strong digital booking platform. It is B&B's most direct European rival in the UK and offers a benchmark for budget hotel unit economics.

TypeDirect peer
Description

Motel One is a German-based design-led budget hotel chain with rapid European expansion — a direct competitor in German-speaking markets with similar mid-€50s–€100 ADR positioning and standardized but modern product.

TypeBroad incumbent
Description

Holiday Inn Express is IHG's mainstream budget brand with limited-service model — comparable product offering (free breakfast, essentials-only rooms). IHG is a broad incumbent, but the Express brand directly competes in B&B's core markets.

TypeDirect peer
Description

easyHotel operates a European network of ultra-budget hotels with a similar essentials-only, value-for-money positioning. Franchise-driven expansion model mirrors B&B's asset-light approach in secondary European cities.

TypeDirect peer
Description

MEININGER operates hybrid budget hotel/hostel properties across Europe with strong urban presence. Overlapping customer base (price-sensitive leisure and business travelers) and similar European multi-country footprint.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration3 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries4 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

b&b hotels

Budget Hotel Accommodationhotelbb.com

b&b hotels firmographics

Firmographics
Name
b&b hotels
Legal name
CASPER BIDCO
Website
https://hotelbb.com
Company type
Private
Founded year
1990
Operating status
Operating
Ownership category
akta.pro rank

Where b&b hotels is headquartered

Location

Headquarters

HQ city
Paris
HQ country
France
HQ region
Europe

Offices1 record

Markets served

b&b hotels business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

  1. Hotel Accommodation Services: Core revenue from operating hotels across Europe and expanding into US markets. Revenue exceeds €1.4 billion in 2024, driven by organic expansion and strong occupancy rates.
  2. Franchise and Management Fees: Revenue from franchise recruitment campaign where entrepreneurs independently manage hotel properties under the B&B Hotels brand with operational support from the company.
  3. Management Contracts: Increase in internally concluded management contracts through Cvent partnership deployment across European portfolio to strengthen business travel market position.

Pricing tiers

ModelBillingPrice
Unit PricingPay-as-you-goStandard budget accommodation
Unit PricingPay-as-you-goBlack Week promotional rates
FreemiumMonthlyB&me Loyalty Program Benefits

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

b&b hotels product offering

Product offering

Core offering

B&B Hotels operates a network of over 900 budget and economy hotels across 19 countries, offering essential accommodations including comfortable beds, breakfast, free Wi-Fi, digital check-in, and modern design. The portfolio is supported by the B&me free loyalty program, the B&me CLUB premium tier, and the B&B HOME extended-stay aparthotel sub-brand featuring kitchenettes and home-like amenities for medium and long-term stays.

Product overview

B&B Hotels operates as a unified budget hotel platform with a portfolio of over 900 properties across 19 countries. The core offering is the B&B HOTELS brand (budget/economy hotels focusing on essentials like comfortable beds, generous breakfast, digital experience, warm welcome, and modern design). Supporting the core hotels are two complementary sub-brands: B&me and B&me CLUB (loyalty programs offering exclusive member benefits, discounts, and free breakfast), and B&B HOME (extended-stay aparthotels with kitchenettes and home-like amenities for medium/long-term stays). Corporate travel services are enabled through Cvent integration for business travelers.

Differentiator

Problem solved

Functional benefit

Brands

  • B&me: Loyalty programme offering exclusive benefits such as welcome rates, discounts, and free breakfast vouchers
  • B&me CLUB
  • B&B HOME
  • B&B Hotel

Products and services

  • B&B HOTELS Budget and economy hotel chain offering essential accommodations across 19 countries with over 900 properties. Focuses on providing high-quality, low-environmental-impact accommodations targeting travelers seeking practical stays during transit.
  • B&me Loyalty Program Free loyalty program offering members exclusive benefits including welcome rates, discounts, and free breakfast vouchers. Available across European operations in Austria, Belgium, France, Germany, Luxembourg, UK, Italy, Poland, Portugal, Spain, and Switzerland.
  • B&me CLUB Premium tier of the B&me loyalty program offering enhanced benefits and exclusive advantages for members.
  • B&B HOME Extended-stay aparthotel brand designed for medium and long-term stays, blending hotel residence conveniences with home comforts. Features include kitchenette, shared kitchen, shared laundry, and common areas. Available in France and Belgium.

Quantifiable outcome

  • Revenue exceeded €1.4 billion in 2024
  • +4 more outcomes

Companies that use b&b hotels

Customer profile

Named customers3 records

Segments4 records

Ideal customer profiles4 records

b&b hotels technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

b&b hotels partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and minor.

  • Land Union GruppecoreStrategic or Co-development Partner · 27 October 2025Strategic partnership for hotel development with first joint property B&B Hotel Lübeck-Berliner Platz in Germany. Collaboration plans to develop ten additional hotels across Germany and other European countries over the next few years, combining Land Union's real estate ownership with B&B Hotels' operational expertise.
  • AdyencoreTechnology or Integration · 30 July 2025Partnership to centralize payment infrastructure enabling consistent guest experiences while expanding across Europe and into new markets like Brazil. Unified platform allows for personalized payment options based on regional preferences and supports operational efficiencies through tokenization and self-check-in terminals.
  • CventcoreTechnology or Integration · 22 July 2025Expanded partnership to deploy Cvent Business Transient solutions across entire European portfolio including Germany, UK, Spain, Italy, France, and Benelux. Platform serves as central hub for managing corporate travel requests, streamlining sourcing for business travelers and increasing booking opportunities.
  • SOCOTECminorOthers · 1 July 2025Partnership with SOCOTEC for CSR certification supporting Corporate Social Responsibility strategy and sustainability initiatives.
  • m3connectcoreTechnology or Integration · 14 March 2025Partnership completed over 140 joint IT infrastructure projects in 2024 leveraging 'Hotel in the Box' solution. Enabled rapid deployment of digital services for new locations including 50 acquisitions and 30 new openings in Italy. Focus on providing scalable, pre-configured IT systems for growing network.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

b&b hotels competitors and assessment

Company assessment

Emerging players

  • Airbnb: Airbnb is a major disruptor absorbing price-sensitive leisure travelers who would otherwise book budget hotels like B&B. While not a hotel operator, it competes for the same end-customer and increasingly overlaps with B&B's value-segment positioning.
  • OYO Rooms: OYO is a global budget hotel aggregator/franchisor that uses similar tech-enabled franchising to standardize independent budget properties. Competes with B&B in multiple European markets and is part of the broader digital disruption of the budget hotel category.

Broad incumbents

  • Accor: Accor is the largest European hotel group and directly owns ibis, ibis budget, and ibis Styles — the closest direct competitors to B&B Hotels in the European budget segment. As a broad incumbent, it operates across luxury, premium, midscale, and economy tiers, while B&B is budget-pure-play.
  • Hampton by Hilton: Hampton by Hilton is Hilton's flagship budget brand with free breakfast and consistent quality — directly comparable in positioning. Hilton is a broad incumbent with full portfolio, but Hampton specifically competes head-to-head with B&B in European and US markets.
  • Holiday Inn Express (IHG): Holiday Inn Express is IHG's mainstream budget brand with limited-service model — comparable product offering (free breakfast, essentials-only rooms). IHG is a broad incumbent, but the Express brand directly competes in B&B's core markets.

Direct peers

  • Travelodge Hotels: Travelodge operates a UK-anchored budget hotel network that directly competes with B&B on price, location strategy near transport hubs, and essentials-only room product. Similar asset-light franchise and leasehold model.
  • Premier Inn: Premier Inn (Whitbread) is the UK's largest budget hotel chain with comparable value-for-money positioning, owned-restaurant format, and strong digital booking platform. It is B&B's most direct European rival in the UK and offers a benchmark for budget hotel unit economics.
  • Motel One: Motel One is a German-based design-led budget hotel chain with rapid European expansion — a direct competitor in German-speaking markets with similar mid-€50s–€100 ADR positioning and standardized but modern product.
  • easyHotel: easyHotel operates a European network of ultra-budget hotels with a similar essentials-only, value-for-money positioning. Franchise-driven expansion model mirrors B&B's asset-light approach in secondary European cities.
  • MEININGER Hotels: MEININGER operates hybrid budget hotel/hostel properties across Europe with strong urban presence. Overlapping customer base (price-sensitive leisure and business travelers) and similar European multi-country footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks4 records

Key highlights7 records

Customer concentration

b&b hotels social profiles

Digital presence

b&b hotels compliance and trust

Trust signal

Compliance4 records

b&b hotels financial estimates

Financial estimate

Revenue estimate

Valuation estimate

b&b hotels leadership team

Management profile

Number of profiles

Profiles1 record

b&b hotels subsidiaries and ownership

Company hierarchy

Subsidiaries4 records

b&b hotels funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

b&b hotels M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about b&b hotels

What does b&b hotels do?

B&B Hotels operates a network of over 900 budget and economy hotels across 19 countries, offering essential accommodations including comfortable beds, breakfast, free Wi-Fi, digital check-in, and modern design. The portfolio is supported by the B&me free loyalty program, the B&me CLUB premium tier, and the B&B HOME extended-stay aparthotel sub-brand featuring kitchenettes and home-like amenities for medium and long-term stays.

Is b&b hotels a public or private company?

b&b hotels is a private company. It is classified as private equity controlled and is currently operating.

When was b&b hotels founded?

b&b hotels was founded in 1990.

Where is b&b hotels based?

b&b hotels is headquartered in Paris, France, in the Europe region.

How does b&b hotels make money?

Three revenue lines are on record. Hotel Accommodation Services are the primary driver. The others are franchise and Management Fees and management Contracts.

Who are b&b hotels's main competitors?

Emerging players on record are Airbnb and OYO Rooms. Broad incumbents are Accor, Hampton by Hilton and Holiday Inn Express (IHG). Direct peers are Travelodge Hotels, Premier Inn, Motel One, easyHotel and MEININGER Hotels.

Does b&b hotels have an API?

No public API is recorded for b&b hotels.

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Live signals
Hotel BbBook directly and save moneyB&B HOTELS is promoting its accommodation services in Austria, specifically highlighting properties in Vienna, Graz, and Villach for leisure and business travelers. The article details amenities such as complimentary Wi-Fi, flexible check-in, and pet-friendly rooms, alongside local tourism attractions like UNESCO World Heritage sites and hiking trails.Hotel BbB&B HOTELS Black Week 2025B&B HOTELS is running a Black Week promotion from November 20 to December 3, 2025, offering customers a 30% discount on stays across its network in Germany, Austria, Liechtenstein, the Netherlands, Denmark, and Czechia. The discounted rates apply to bookings made for travel dates between January 1, 2026, and April 6, 2026.Bbhotels-GroupOur success storyB&B HOTELS, majority-owned by Goldman Sachs since 2019, has opened more hotels than any other chain between 2019 and 2022, bringing its total to over 865 locations across 17 countries. The company aims to reach 3,000 hotels within the next decade while maintaining its strategy of providing value-for-money accommodation.Martinimartini.ai ResearchHotel B&B, part of the B&B Hotels Group, maintains a B3 credit rating with a probability of default of 8.01%, reflecting moderate but improving credit risk following post-pandemic recovery. The company reported revenues exceeding €1.4 billion in 2024, driven by organic expansion and strong occupancy rates, while stabilizing its financial position after significant volatility in 2022.Hotel BbOur budget hotels in VeniceThe article presents a promotional overview of B&B HOTELS' budget accommodation options in and around Venice, Italy. It highlights specific properties including B&B HOTEL Venezia Laguna, Quarto d’Altino, and Chioggia Airone, emphasizing their strategic locations for accessing the city and surrounding Veneto region. The content details amenities such as free Wi-Fi and breakfast, while also listing nearby tourist attractions like St. Mark’s Square and the islands of Murano and Burano.Hospitality ONA new partnership shaping Europe’s hotel marketB&B HOTELS and Land Union Gruppe have launched a strategic partnership with the opening of their first joint property, B&B Hotel Lübeck-Berliner Platz, in Germany. The collaboration plans to develop ten additional hotels across Germany and other European countries over the next few years, combining Land Union's real estate ownership with B&B HOTELS' operational expertise.LinkedInGermany Hotel Chains Market Size 2026 | Market Intelligence, Trends & Scope 2033A market research report projects the Germany hotel chains market to grow from USD 50 billion in 2024 to USD 70 billion by 2033, driven by domestic leisure travel and international business tourism. Key players including Marriott, Hilton, Motel One, and B&B Hotels are focusing on digital transformation, sustainability initiatives, and smart room technologies to capture market share amidst evolving regulatory standards.AdyenB&B HOTELS: Driving business growth through paymentsB&B HOTELS partnered with Adyen to centralize its payment infrastructure, enabling the hotel group to maintain consistent guest experiences while expanding across Europe and into new markets like Brazil. This unified platform allows for personalized payment options based on regional preferences and supports operational efficiencies through features like tokenization and self-check-in terminals.Voyages d'affairesB&B Hotels uses Cvent to develop its business clienteleB&B Hotels is deploying the Cvent Business Transient solution across its entire European portfolio to strengthen its position in the business travel market. This strategic move aims to increase the proportion of internally concluded management contracts and provide TMCs with easier access to B&B Hotels' inventory of over 900 properties. The partnership highlights a commitment to meeting evolving needs in the business travel industry across key markets including Germany, the UK, Spain, Italy, and the Benelux region.YahooB&B HOTELS Announces Broad Corporate Travel Expansion with CventB&B HOTELS has expanded its partnership with Cvent to deploy Cvent Business Transient solutions across its entire European portfolio, including Germany, the UK, Spain, Italy, France, and the Benelux region. This integration positions Cvent's platform as the central hub for managing corporate travel requests, aiming to streamline sourcing for business travelers and increase booking opportunities. The move supports B&B HOTELS' strategy to become a leading value hotel brand in Europe by offering cost-effective accommodation options through enhanced visibility on Cvent's network.