Mar 18, 2024
Informa, the international B2B events, digital services and academic markets company (owner of TSNN, Exhibit News Now and Corporate Event News), confirmed a 30% increase in underlying revenue (excluding acquisitions and disposals) for the full-year 2023 and increase in its guidance for 2024 with more than £500m ($626m) revenue already delivered so far this year, according to its earnings statement. (Using the exchange rate of GBP/USD 1.25 on March 10)
During an investor presentation on March 8, Informa Group Chief Executive Stephen Carter (pictured right) said: ”Informa’s final results… more
Mar 15, 2024
Celebrated every March, Women’s History Month is an opportune time to celebrate the female achievers of the trade show and events industry. In this first in a series of exclusive interviews with several outstanding female industry professionals, we had the pleasure of speaking with Courtney Muller, president of Manifest and Connectiv chief corporate development officer, and Kinsey Fabrizio, the newly appointed president of the Consumer Electronics Association, to find out how their organizations are supporting women, what they advise for the next generation of female leaders and who are the… 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
Mar 05, 2024
EXHIBITORLIVE 2024, an annual event for exhibitors produced by Exhibitor Group, reported a more than 20% bump in total attendance and 40% increase in buyers year over year, according to David DuBois, president and CEO of Exhibitor Group and publisher of EXHIBITOR magazine, who joined the privately held company in October after serving for 11 years as president and CEO of the International Association of Exhibitions and Events (IAEE).
Related: David DuBois to Retire From IAEE at the End of 2023
Held Feb. 25-28 in Nashville, the event featured four days of education, networking opportunities… more
Mar 04, 2024
U.S. trade show producer Emerald Holding, Inc. reported a 17.5% year-over-year revenue increase to $382.8 million in 2023, growth attributed to event expansion, new launches and acquisitions, according to its financial results for the fourth quarter (Q4) and full year of 2023 that were released on Feb. 29.
Despite this good news, the company reported a net loss of $8.2 million for the year, contrasting with 2022’s net income of $130.8 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) stood at $97.8 million for 2023, down from $239.6 million in 2022,… 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 28, 2024
Taking place each February, Black History Month is an ideal time to honor and celebrate the achievements of Black trade show and event industry professionals and renew our commitment to continue fostering diversity, equity and inclusion (DEI).
We want to recognize and highlight Black industry leaders and share their experiences. This week, we are featuring Julie Coker, president and CEO of San Diego Tourism, Emile Davis, managing director, business development for the American Institute of Architects (AIA) and Al Hutchison, president and CEO of Visit Baltimore. Find out how their… 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.