Tarsus Group Completes Project 50/13; Looks Ahead to New Strategy
January 6, 2013
U.K.-based Tarsus Group’s strategy of deriving 50 percent of its revenues from emerging markets by 2013 – Project 50/13 – has been completed a year ahead of time, and now the company is embarking on its next strategy they are calling “Quickening the Pace.”
“2012 was a transformational year for Tarsus with the completion of Project 50/13 well ahead of schedule,” said Douglas Emslie, managing director of Tarsus Group.
He added, “Our ‘Quickening the Pace’ strategy will focus our efforts on the next stage of our development - accelerating the pace of financial returns to our shareholders. We will leverage our management team’s deep knowledge of the Group's unique portfolio of definitive events in growth markets to increase the rate of earnings per share growth.”
The core focus of “Quickening the Pace” will be to accelerate earnings per share growth, driven by a combination of the geographical replication of our major brands into fast growth economies; organic growth from the existing portfolio; tight cost control and selective bolt-on acquisitions in the U.S. and emerging markets, according to Tarsus officials.
In an end-of-year trading update, the company’s adjusted pre-tax profits for the year have increased 13 percent.
Emslie said he expects this growth to continue into 2013, adding, “We are experiencing strong sales progress into 2013 and are increasingly confident that we can deliver an excellent outcome for 2013.”
There were several company highlights from 2012, including acquisitions of two major Turkish show organizers – Life Media and International Fai Organization (IFO); a 30-percent revenue increase in China, with the acquisition of GZ Auto; Dubai’s MEBA event achieved record results with a 19 percent revenue increase; and in the U.S., the Off-PriceShows in Las Vegas performed well, with revenues up 7 percent and 3 percent, respectively, and the medical division grew its revenues 20 percent.
Looking into 2013, bookings for the Group’s two largest biennial shows, Labelexpo Europe (September 2013) and the Dubai Airshow (November 2013) are strong with sales well ahead of the previous editions.
Tarsus Group’s larger events in the first quarter of 2013 - Off-Price in Las Vegas, Ideal Home in Istanbul and Gulf Pack and Print in Dubai - are expected to produce revenues ahead of their previous editions, according to company officials.
The U.S. Medical business also continues its strong momentum, they added.
More acquisitions also are on the horizon, Emslie said, adding, “We are targeting the U.S., Southeast Asia, China and Mexico.”
The only point of caution for the company is its business in France, where the macro economic climate remains uncertain.
Partner Voices
One of the most iconic names on the Las Vegas Strip just got an upgrade. Mandalay Bay has everything that your business needs from a refreshed convention space designed to inspire productivity and creativity, to an impressive selection of world-class restaurants and amenities. If you're looking for a venue that's both inviting and innovative, you have to be here.
New Wave Experiences
Mandalay Bay continues to invest in a new wave of enhancements both in the convention space and within the resort as a whole. New restaurant openings including Orla by Michael Mina, drawing inspiration from the award-winning chef’s childhood in Egypt and with flavors and décor inspired by the spices found in markets common to coastal Mediterranean towns, as well as Caramá by Wolfgang Puck, bringing the essence of Italy and spirit of Wolfgang into one concept, are recent additions. The Four Seasons Hotel Las Vegas also experienced a recent remodel of all 424 rooms. Swingers, a high-end, adults-only golf and entertainment concept will debut in Fall 2024.
Enhanced Technology
Creating a truly effective conference venue requires careful thought into what a business needs: the right technology, capacity, and inspiration to bring ideas to the next level. As part of the resort’s refresh, Mandalay Bay implemented state-of-the-art technology upgrades, installing cutting-edge Cat6A Ethernet cabling throughout the convention center. This advancement doubles the frequency of data transmission, enabling lightning-fast speeds up to 9400% faster. The convention center now boasts 11 dynamic digital walls, spanning up to 24' x 13', strategically positioned for brand placements, sponsorships and targeted event messaging. Additionally, attendees can benefit from 20 double-sided 55" mobile flexible display units, facilitating effortless navigation to meeting rooms and events. RFID locks were installed on all meeting room doors, and over 200 motion detection cameras have been placed throughout the space.
Refreshing New Design & Fine Art
The newly remodeled convention space provides a bright and vibrant atmosphere that complements Mandalay Bay's tropical-inspired brand. Featuring white-washed walls and ceilings adorned with bold floral patterns in cerulean and coral tones, the space is complemented by warm walnut accent walls. In addition to the redesign of all pre-function spaces, meeting rooms and ballrooms, Mandalay Bay's 1 million square feet of exhibit space has undergone a rejuvenation, including new paint, covered pillars and relocated strobe lights.
Sustainable Spectacles
Mandalay Bay is committed to Focused on What Matters and creating more responsible meetings. Refillable water stations all available around the resort, cutting unnecessary plastic usage from single-use bottles.
The Mandalay Bay campus’ recent upgrades represent a bold step forward in redefining the Las Vegas experience. With a focus on innovation, sustainability, and unparalleled service, Mandalay Bay sets a new standard for excellence in business hospitality. Whether you're seeking cutting-edge conference facilities, world-class dining options, or simply a luxurious retreat, an unparalleled meeting experience awaits.
Add new comment