Las Vegas Shows Score Record Growth in First-half 2016
July 12, 2016
Las Vegas has a streak of good news with shows held in the first half of 2016 seeing major upticks in their numbers, with several reporting record growth.
Through May 2016, more than three million visitors traveled to Las Vegas to attend a meeting or convention. That’s a 12.1 percent, compared with the same time last year.
CES 2016 broke its own record from last year with 2.47 million net sq. ft. showfloor, up from 2.2 million last year, taking over the Las Vegas Convention Center, Sands Expo & Convention Center and the Venetian, as well as the Wynn, Aria, Vdara and Cosmopolitan.
Owned and produced by the Consumer Technology Association (formerly the Consumer Electronics Association), the world's largest technology show took place Jan. 6-9.
InfoComm International broke records for attendance, exhibitors and exhibit space in 2016. Nearly 39,000 people visited the Las Vegas Convention Center for the event.
More than 35 percent of attendees visited InfoComm for the first time while it was held in Las Vegas. The June show welcomed 1,000 exhibitors, including 211 new exhibitors, across more than 527,000 net square feet of exhibit and special event space.
Also this year, ISC West at the Sands Expo & Convention Center attracted the highest attendance and largest number and square feet of exhibits. Nearly 30,000 security industry professionals attended the event to interact with a record 1,072 exhibiting companies and brands.
Several shows, including World of Concrete and RECon 2016, also reported the highest attendance in the post-recession era.
The latest installment of the LVCVA’s LV360 video series highlights additional successes of Las Vegas shows in 2016.
Even with more than two decades under its belt as the No. 1 trade show destination as ranked on the TSNN Top 250 trade show list, Las Vegas works hard to maintain that ranking. The city that evolved to host people is always evolving to improve the experience and ensure its top ranking.
More than $9 billion in current and proposed development is on the books to add to the destination’s appeal, including a 5,000 seat theater at the Monte Carlo Resort and Casino, Wynn Paradise Park, Lucky Dragon Hotel-Casino, Resorts World Las Vegas, Alon, renovation of the Julius Tower at Caesars Palace just to name a few.
In addition, the Las Vegas Convention and Visitors Authority is progressing with its Las Vegas Convention Center District project that will expand and renovate the Las Vegas Convention Center.
That project surpassed a major milestone today. According to local news reports, the Southern Nevada Tourism Infrastructure Committee voted unanimously to back a proposal that would fund the convention center project and create a seven-member oversight panel to supervise the development.
Under the recommendation, the convention center work would be funded by a 0.5 percent increase in the county room tax and by capping the local government collection allowance from room tax revenues at $25 million annually.
According to the news reports, the next step is Nevada state legislators will consider the recommendation for possible action.
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.
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