Mar 19, 2024
The Center for Exhibition Industry Research (CEIR) reported a significant recovery in the U.S. business-to-business (B2B) exhibition industry for the fourth quarter (Q4) 2023, citing a 15% year-over-year increase in overall exhibition performance that measures exhibitors, net square footage, attendees and real revenues.
The industry’s performance is nearing pre-pandemic levels, with the Q4 2023 results showing only an 8% lag compared to the same period in 2019, according to the latest CEIR Total Index. This represents a significant improvement from the 41% and 20% shortfalls observed in Q4… more
Mar 19, 2024
Are you attending Connect 2024 Spring Marketplace in Las Vegas? Considering it?
Connect Spring Marketplace is scheduled for April 2-4 at The Venetian, Las Vegas. Designed for event professionals, Connect Spring Marketplace is expected to draw more than 2,000 leaders who produce association, citywide, corporate, sports, eTourism and diversity events.
We’ve got the scoop on what you need to know before you take off for this popular desert destination for trade shows.
Speed date with suppliers. Engage in personalized 1:1 sessions with representatives from top destinations, hotels and vendors… more
Mar 14, 2024
The high cost of delivering a premium event experience in Las Vegas to both attendees and exhibitors prompted two storied trade shows to collocate last month. Elsewhere around the country, another show posted moderate growth while a third saw slight dips in its numbers.
Women’s Wear in Nevada (WWIN) Co-located With Las Vegas Apparel
Who, When & Where: Women’s Wear in Nevada (WWIN) and Las Vegas Apparel, Feb. 13-15, The Expo at World Market Center Las Vegas
Show Size: 70,000 net square feet of exhibit space with 300+ brands and more than 1,000 lines between both shows
Looking back:… more
Mar 12, 2024
This month, trade show organizers, associations and venues are announcing new events, rebranding existing ones and teaming up with other organizations to offer more value for their members and audiences. Here’s our latest New Briefs to help you stay on top of what’s happening in the trade show industry right now.
ESCA Partners With CEIR on Exclusive Research, Unveils New Standard Industry Safety Signage
The Exhibition Services & Contractors Association (ESCA) has partnered with the Center for Exhibition Industry Research (CEIR) to provide ESCA members with exclusive access to CEIR’s… more
Mar 11, 2024
If your trade show or event organization works with independent contractors, it’s important to know how a new employment rule that takes effect on March 11 could impact labor costs for businesses that rely on contract labor or freelancers, such as trucking, manufacturing and more.
The industry sector most likely to be impacted: general service contractors, AV companies, freight companies and other suppliers that rely on independent contractors.
Why it matters: Increased costs for suppliers could be passed on to event organizers or exhibitors, who were already facing increases of 7%-30% for… more
Mar 06, 2024
The Events Industry Council (EIC) awarded a water quality trade show and an events destination with its highest level of the Sustainable Event Standards for environmental and social responsibility within the global events industry.
Created by the EIC Sustainability and Social Impact Committee in partnership with industry professionals and leading sustainability practitioners, the EIC Sustainable Event Standards are a collection of eight specific standards that assess events and industry suppliers on a wide range of sustainability criteria, including organizational management, marketing,… more
Feb 29, 2024
Event producers and suppliers across the country have been inking new business agreements and forming partnerships to improve their offerings and grow market share. Here’s our monthly roundup on trade show industry deals and partnerships.
CloserStill Media
Business events, exhibitions and conferences producer CloserStill Media has acquired a majority stake in the Trailblazer Summits event group in Hamburg, Germany. Terms of the deal were not disclosed.
Why it matters: Now set to become one of Germany’s largest independent event operators, the group produces a series of two-day, content-… more
Feb 26, 2024
Pink is out, red is in. If that’s too bold, neutral “quiet luxury colors” are still going strong. Those were just some of the fashion trends featured at the apparel-focused trade shows MAGIC, Project and Sourcing at MAGIC that took place Feb. 13-15 at the Las Vegas Convention Center.
Days before the shows opened, Informa Markets Fashion, which owns and operates the events, announced the group’s brand transition to MMGNET Group and the launch of MMGNET (pronounced “magnet”), the new insights and resources-powered parent brand designed to support the wider fashion industry and connect the… more
Feb 21, 2024
What’s the latest at UFI, the Global Association of the Exhibition Industry? On Feb. 14, we checked in with UFI CEO Kai Hattendorf and UFI North America Regional Director Martha Donato to get the inside scoop on UFI’s Global CEO Summit, held Jan. 31–Feb. 2 in Amsterdam, the Netherlands, and the UFI Global Barometer, a biannual report that was released in January (our take on the data and a link to the full report is here).
Here are 11 takeaways from our conversation. Listen or watch the full interview here.
Recap of the UFI Global CEO Summit
The vibe: “I think it's fair to say that there… more
Feb 15, 2024
Viad Corp., parent of Global Experience Specialists (GES) and Spiro, said it is moving into 2024 with momentum after revenues for the company’s experiential marketing and exhibition management services surged in the fourth quarter (Q4) of 2023, helped by increasing demand for in-person events by corporate clients and exhibiting companies.
On Feb. 8, the company posted revenue of $291.7 million for the last three months of 2023, up 17.6% from the prior-year period. Viad’s full-year 2023 revenues increased 9.9% YOY, from $1.1 billion in 2022 to $1.2 billion in 2023, according to the company’s… more
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.