Connect Finds Success with Five-in-one Hosted Buyer Event

August 29, 2018

The most recent edition of the 2018 Connect meetings series, which collocated Connect Association, Connect Corporate, Connect Sports, Connect Expo and Connect Specialty and was held Aug. 23-25 in Salt Lake City, Utah, added several new dimensions to the traditional hosted-buyer model of 1:to:1 meetings between industry suppliers and meeting planners.

“If you’ve got different buyer groups, you’ve got some scale and some opportunity for a lot of cross-fertilization and learning and a different experience that some people like,” said Doug Emslie, managing director at Tarsus Group, which owns a majority stake in Connect. Tarsus also is the parent company of TSNN.

While other meetings in the growing Connect portfolio focus on no more than two buyer or market demographics at a time, the Salt Lake City gathering combined buyers from all five of the different market segments.

With more than 3,500 participants, the Connect annual event held in The Beehive State is the largest meeting in the series, which now includes 32 events.

In addition to bringing together a diverse audience, Connect also changed the usual format of 1:to:1 meetings in which the seller is seated and the buyers rotate in and out of meetings.

At Connect in Salt Lake City, the planners (buyers) were stationary and the hotels, convention centers, destinations, technology companies and service providers (sellers) moved from table to table.

Chris Collinson, president of Connect Meetings, called it a “reverse trade show.”

While smaller, niche meetings are the norm for most hosted-buyer experiences, combining multiple buyer groups has a certain appeal for participants.

Although Connect was committed to programming that allowed planners to “make the best use of their time,” Collinson said, a heavy focus was also was placed on the seller. “We’re here to serve hotels, convention centers and other firms allied to the industry. Our mindset is, ‘how we can help them drive more business?’” he added.

As the only format Connect events employ, staffers work year round forging relationships with buyers and sellers to facilitate optimal 1:to:1 meetings for participants.

Guests at Connect were treated to a full complement of programming, including keynotes from television host and author Robin Roberts and football legend Peyton Manning, as well as a robust slate of educational sessions.

Robin Roberts
Robin Roberts

They were invited to an opening reception at Rice-Eccles Stadium at the University of Utah, the scene of the 2002 opening and closing ceremonies of the Winter Olympic Games.

Separate areas in the convention center hosted exhibits and education on event technology, wellness and LinkedIn profiles.

The technology offerings, which also included the ConnecTech lounge, sparked the interest of several participants.

“As a planner, I always want to see what’s out there in the industry like the touchscreens and eventbots. We are trying to be on the forefront of technology with our conferences so in terms of meeting with different people that can help us with technology needs, Connect has been a good resource,” commented Bret Losee, CMP, director of events at the National Association of Certified Valuators and Analysts.

The hosted-buyer format, while not new, is growing in popularity through standalone meetings and as a component of larger meetings and trade shows.

“It’s becoming understood that it’s no longer good enough to sell a booth, do some mass marketing, put buyers and sellers in the same room and then hope that something happens. The big move in the industry is to take responsibility for making sure there is a good quality interaction between buyer and seller and the one-to-one format provides that,” Emslie explained.

The next events in the Connect series, Connect Medical and Connect Tech, will take place Oct. 14-15, 2018, at the Red Rock Resort in Las Vegas.  

Next year’s Connect annual event will be held in Louisville, Ky. For more info, please visit: www.ConnectMeetings.com

 

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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.