Informa Markets Grows Its Luxury Lifestyle Show Portfolio with South Florida Ventures

March 16, 2021

Global exhibitions organizer Informa Markets has expanded its luxury lifestyle portfolio in South Florida with the recent launch of South Florida Ventures, a regionally-focused market serving luxury industries including art, beauty, boating and yachting. The Feb. 23 announcement follows Informa’s management agreement with the National Marine Manufacturer’s Association to expand its boating and yachting portfolio in Florida.

The launch signifies the integration of the array of luxury lifestyle brands based out of Informa’s Fort Lauderdale and newly opened Miami offices, under a single leadership structure and with unified talent, processes and goals.

South Florida Ventures will be spearheaded by three industry veterans, including Ken McAvoy, Informa’s executive vice president of corporate development for the North America region, taking the helm as president. Randy Field, who most recently served as portfolio group vice president for Reed Exhibitions, will serve as vice president of marketing, while Robert Correa, who has spent almost a decade working on Informa’s U.S. boating and yachting shows, assumes the role of senior vice president of operations.

“I am thrilled to formally launch the South Florida Ventures portfolio, a group of impressive shows we have been developing over the past several years,” McAvoy said. “We have acquired and grown some of the most exceptional events in the region, and now we have the opportunity to effectively integrate our talented teams to better serve our customers and work together toward common goals.”

Informa has been solidifying its presence in the South Florida region over the past several years by building a portfolio of events that attract international audiences while bringing significant economic value to the region.

According to a recent Informa Markets economic impact study, the Fort Lauderdale Boat Show generated $1.3 billion in economic impact in 2019, upwards of $800 million more than it had prior to Informa’s acquisition of the show four years prior. Combined with the Miami International Boat Show and the Miami Yacht Show, the company’s boating and yachting portfolios are estimated to generate more than $2.64 billion for the region.

“Over the years, Informa has proven to be ahead of the curve at every step, and expansion in this region and in these resilient sectors is evidence of that,” Field said. “I am excited to join Informa Markets on this journey to continue to grow, develop and evolve a multi-faceted portfolio of luxury events in arguably the fastest-growing market in the country.”

The evolution of Informa Markets’ South Florida show portfolio has been swift, with a bevy of acquisitions in recent years.

In 2015, the company acquired Yachting Promotions Inc., co-owners and operators of the Fort Lauderdale International Boat Show; St. Petersburg Power and Sailboat Show; Suncoast Boat Show; Miami Yacht Show and Superyacht Miami.

In 2019, Informa acquired Art Miami Fair Group, which runs Art Miami, Art Wynwood, CONTEXT and Palm Beach Modern + Contemporary.

This year, Informa entered into a management agreement with the NMMA to run the Miami International Boat Show and the Tampa Boat Show, with NMMA colleagues joining the team.

Currently, the group is actively working on an expansion into the beauty market, set to launch in 2022.

 

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Partner Voices
Less than six months ago, Lisa Messina joined the Las Vegas Convention and Visitors Authority (LVCVA) as the first-ever chief sales officer after leading the sales team at Caesars Entertainment. A 12-year Las Vegas resident, Messina is a graduate of Cornell University’s School of Hotel Administration and serves on MPI International’s board of directors. TSNN had a chance to catch up with this dynamic leader and talk to her about her vision for the new role, current shifts in the trade show industry, creating more diversity and equity within the organization, and advice to future female leaders. Lisa Messina, Chief Sales Officer, LVCVA With Las Vegas becoming The Greatest Arena on EarthTM, what are some of the things you’re most excited about in your role? Our team was at The Big Game’s handoff ceremony earlier this month, and I couldn’t help but think, “We’re going to crush it next year!”  These high-profile events and venues not only drive excitement, but also provide unmatched opportunities for event planners. Allegiant Stadium hosts events from 10 to 65,000 people and offers on-field experiences. Formula 1 Grand Prix will take place in Las Vegas in November, after the year-one F1 race, the four-story paddock building will be available for buyouts and will also offer daily ride-along experiences that will be available for groups. And, of course, the MSG Sphere officially announced that it will open in September, ahead of schedule, with a U2 residency. It’s going to be the most technologically advanced venue as far as lighting, sound, feel, and even scent, and it will be available for buyouts and next-level sponsorships inside and outside. There’s no ceiling to what you can do when you’re doing events in Las Vegas.  Allegiant Stadium As the trade show and convention business returns to the pre-pandemic levels, what shifts are you noticing and how do you think they will impact the industry going forward? Our trade show organizers are very focused on driving customer experience. Most of our organizers are reporting stronger exhibitor numbers and increased numbers of new exhibitors, with trade shows proving to be almost or above 2019 levels. Now our organizers are really doubling down on driving attendance and focusing on the data to provide that individualized, customized experience to help attendees meet their goals and get the best value. Some companies continue to be cautiously optimistic with their organizational spend when it comes to sending attendees, but I think it will continue to improve. As the U.S. Travel Association makes more progress on the U.S. visa situation, we also expect a growing influx of international attendees. What are some innovative ways the LVCVA helps trade show and convention organizers deliver the most value for their events? We focus on customer experience in the same way that trade show organizers are thinking about it. We got rave reviews with the West Hall Expansion of the Las Vegas Convention Center (LVCC), so over the next two years, we will be renovating the North and the Central halls, which will include not just the same look and feel, but also the digital experiences that can be leveraged for branding and sponsorship opportunities.  Vegas Loop, the underground transportation system designed by The Boring Company, is also a way we have enhanced the customer experience. Vegas Loop at the LVCC has transported more than 900,000 convention attendees across the campus since its 2021 launch. 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Scheduled to debut in Q4, Fontainebleau Las Vegas will offer 3,700 hotel rooms and 550,000 square feet of meeting and convention space next to LVCC.  What are some of the plans for advancing DEI (diversity, equity and inclusion) within your organization? We’re currently partnering with instead of working with a leading consulting firm, to lay the foundation and create a solid DEI plan and be the leader when it comes to DEI initiatives. The heart of that journey with the consulting firm is also talking to our customers about their strategic approaches to DEI and driving innovation in this space.  What are your favorite ways to recharge? My husband and I have an RV and we’re outdoorsy people. So, while we have over 150,000 world-class hotel rooms and renowned restaurants right outside our doorstep, one of my favorite things to do is get out to Red Rock Canyon, the Valley of Fire, and Lake Mead. Five of the top national parks are within a three-hour drive from Las Vegas, so there’s a lot you can do. We love balancing the energy of Las Vegas with nature, and we’re noticing that a lot of attendees add activities off the Strip when they come here.  Valley of Fire What advice would you give to women following leadership paths in destination marketing? I think it’s about being laser-focused on what you want to accomplish; building a team around you that lifts you and helps you achieve your goals; and being humble and realizing that you do it as a group. No one gets this done alone. Thankfully, there are a lot of women in leadership in this organization, in our customers’ organizations, and in this city that we can be really proud of. We’re a formidable force that is making things happen.   This interview has been edited and condensed. This article is exclusively sponsored by the Las Vegas Convention & Visitors Authority. For more information, visit HERE.