News
Aug 08, 2011
The Thailand Convention and Exhibition Bureau (TCEB) announced a US$67,000 sponsorship fund has been set-up to assist MICE venues applying for International Organization for Standardization (ISO) green certification within this year as well as in 2012.
The bureau is working with the Thai Industrial Standards institute to launch an Energy Management Certification (ISO 50001) that would improve the standard of MICE venues in terms of their environmental impact.
Akapol Surasuchart, president of TCEB, commented that TCEB will cover 70 percent of the consultancy fee involved for each venue… more
Aug 07, 2011
The American Society of Association Executives’ Annual Meeting & Exposition, on tap Aug. 6-9 in St. Louis, attracted 5,400 total participants, which was slightly more than the 5,270 participants that came to last year’s event in Los Angeles.
“We surpassed Los Angeles last year, and we’re really excited about that,” said Kathleen “Kitty” Ratcliffe, president of the St. Louis Convention & Visitors Commission, at a press conference on the meeting’s third day.
There also were 672 booths and 400 companies on the showfloor at America… more
Aug 01, 2011
U.K.-based B2B media group, UBM plc, released its results for the six months ended June 30, showing headline revenue growth of 9.1 percent, from £434 million last year to £474 million. Adjusted group operating profit grew 10.5 percent from £83 million to £92 million.
Revenues from UBM’s exhibition business grew 27.1 percent in the first half to £177 million and adjusted operating profit was up 41.8 percent to £58 million – which the company attributed in part to the acquisition of Canon events last year. Underlying annual revenues are up 13.… more
Aug 01, 2011
U.K.-based B2B media group, UBM plc, released its results for the six months ended June 30, showing headline revenue growth of 9.1 percent, from £434 million last year to £474 million. Adjusted group operating profit grew 10.5 percent from £83 million to £92 million.
Revenues from UBM’s exhibition business grew 27.1 percent in the first half to £177 million and adjusted operating profit was up 41.8 percent to £58 million – which the company attributed in part to the acquisition of Canon events last year. Underlying annual revenues are up 13.… more
Jul 28, 2011
U.K.-based United Business Media bought International Business Events, the owner of the Ecobuild exhibition business, for an initial cash payment of $51 million followed by another $33 million payable during the next 12 months.
UBM acquired the business on behalf of its UBM Built Environment division, according to company officials. Ecobuild’s CEO David Wood will remain with the business until mid-2012.
Ecobuild, an exhibition for sustainable building products, was launched in 2004 and is held annually at ExCeL London.
“Ecobuild is a great show that complements our other businesses in… more
Jul 28, 2011
The first half of this year started off on a high note for U.K.-based Tarsus Group and looks to be even better going into the second half with the recent release of the company’s Interim Results ending June 30.
Overall revenue was $32 million, a 14-percent increase, compared with $28 million in 2010. Like-for-like revenues also were up 7 percent, compared with 2010, and adjusted pre-tax profits were $987,000, down from $1.8 million during the same period last year.
The company attributed the drop to increased interest costs in the period before receipt of proceeds from equity… more
Jul 25, 2011
The Taiwan government’s trade promotion body, Taiwan External Trade Development Council (TAITRA), is reportedly planning to lead a delegation team to mainland China next month to seek out possible trade show partnerships. The tour is to be organised on the back of the Taiwan-China Economic Cooperation Framework Agreement (ECFA) signed last year.
According to media reports, the executive vice president of TAITRA, Walter Yeh, has stated that the delegation will hold meetings in Shanghai, Chengdu, Xian, Shenzhen and Xiamen with potential trade show partners. Yeh added that an agreement… more
Jul 25, 2011
The “Maximise Your Business Opportunity in ASEAN through Thailand’s Champion Trade Shows” business forum recently was organized by the Thailand Convention & Visitors Bureau with the aim to attract Indonesian visitors to five ‘champion’ trade shows being supported by the bureau.
At the forum, the two countries came together on agreements in the exhibition industry with the goal to create long-term mutual economic benefits, according to TCEB officials.
The event was part of TCEB’s “Better the Best” campaign, which focuses on some of the… more
Jul 25, 2011
China International Travel Service (CITS), one of the largest domestic and outbound travel agencies in China, has acquired stake in the Incentive Travel & Conventions, Meetings China (IT&CM China) through its MICE division. IT&CM China, a MICE and corporate travel trade show based in China, had previously been owned and organised by TTG Asia Media and MP International since 2007.
In 2012, IT&CM China will be co-organised by TTG Asia Media, MP International as well as CITS. The next edition of the event will be held at Shanghai World Expo Exhibition and Convention Center… more
Jul 25, 2011
Hong Kong-based AsiaWorld-Expo plans to launch two new environmentally friendly initiatives; a carbon reduction program and ‘Green Menus’ by the venue’s banqueting team.
New aspects of the Carbon Reduction Programme include the recycling of other plastic waste, the recycling of food waste and the recycling of wood, as well as the use of induction lighting, which enables energy savings of more than 50 percent, compared with metal halide lighting.
Another key aspect of this new program is that AsiaWorld-Expo will also offer its full support to event organizers who want… 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.