UBM’s ‘Events First’ Strategy Pays Off with 30-percent Revenue Surge in 2015

UBM announced last year its strategy was going to focus on putting ‘Events First’, and those efforts paid off, with full-year 2015 total revenues surging 30 percent to $1.3 billion (£974 million) , compared with $1 billion (£746 million) in 2014.

The addition of Advanstar Communications to the company’s portfolio was a boost, with a first year return on investment of 10.3 percent. UBM also sold PR Newswire for $841 million last year, further solidifying its ‘Events First’ strategy.

North American International Toy Fair Scores 16-percent Attendance Uptick

By Elizabeth Johnson

From classic toys like Lincoln Logs and Legos to innovative tech toys like drones, the world of toys came together for the 113th time Feb. 13-16 at the Jacob K. Javits Convention Center of New York.

This year’s North American International Toy Fair exceeded 30,000 play professionals from 92 countries - a 16-percent increase, compared with 2015.

Informa Exhibitions Buys WATER & WASTEWATER EQUIPMENT, TREATMENT & TRANSPORT Show

UK.-based Informa Exhibitions has scooped up the WATER & WASTEWATER EQUIPMENT, TREATMENT & TRANSPORT Show from Cole Publishing. Terms of the deal were not discussed.

“Bob has spent the last 40 years creating and building the leading environmental services industry event,” said Rick McConnell, president, of Informa Global Exhibitions.

“Ask Joes” Enhance Attendee Experience at AAPEX 2015 in Las Vegas

At last year’s AAPEX, a show for the aftermarket auto parts industry that is held in November at the Sands Expo in Las Vegas, decided to up their attendee engagement game by hiring a bevy of customer service staff members they called “Ask Joes” to help people out at the show.

The “Ask Joes” auditioned for their roles to demonstrate their ability to meet and greet attendees with enthusiasm, according to show management, and then they also received comprehensive training and were stationed at custom-designed Ask Joe Service Stations throughout the showfloor.

Medical Design & Manufacturing West Show in Anaheim Sees Upticks in Attendance, Exhibits

This year’s Medical Design & Manufacturing (MD&M) West conference at the Anaheim Convention Center not only saw more attendee, but also they were engaged in a variety of ways on the showfloor.

The leading medical manufacturer’s conference was held Feb. 9-11 and drew an estimated 22,000-plus attendees, more than 2,200 exhibitors and 380,000 square feet of exhibitor space at the Anaheim Convention Center.

Detroit’s Cobo Center Completes $279 Million Transformation; Will Unveil Cobo Square in Spring

With the North American International Auto Show officially wrapping up at Detroit’s Cobo Center recently, this marks the end of a $279 million, five-year transformation at the venue.

Highlights of the project includes adaptive reuse design of the old arena that incorporates 45,000 square feet of outdoor flex space, which includes a large terrace now called Cobo Square.

Global Experience Specialists Boasts Positive 2015 Q4, Full-year Revenue Results

Last year was a good one for Global Experience Specialists, with the recent earnings report indicating that GES scored a 14.6 percent increase in Q4 revenues, from $213.4 million during the same quarter in 2014 to $244.5 million last year.

In addition, GES’ full-year revenues also saw a 3.4 percent increase, from $944.5 million in 2014 to $976.9 million last year.

World of Concrete Draws Close to 60,000 Attendees to Las Vegas Convention Center

Music blasting from loudspeakers that pumped up the standing-room only crowd who cheered on the more than 20 contestants of the Bricklayer 500 World Championship, in which 800 bricks are placed in an hour flat, was just one of the many exciting opportunities offered to attendees of World of Concrete.

The show, which ran Feb. 2-5 at the Las Vegas Convention Center and is owned by Informa Exhibitions, was a huge hit overall, drawing its largest attendance in seven years, according to Tom Cindric, vice president at Informa.  

Sentinel Capital Partners Buys Home and Garden Show Company Marketplace Events

Private equity firm Sentinel Capital Partners bought Marketplace Events, which organizes home and garden shows in the United States and Canada. Terms of the deal were not disclosed.

"We are very excited about our investment in Marketplace Events," said Michael Fabian, a partner at Sentinel. "We seek to invest in niche market leaders, and Marketplace Events is the clear leader in the North American home and garden show industry.”

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.