Northstar Travel Media Acquires Asia-based Magazine, Online, Events Properties
March 2, 2014
Adding to their travel online, magazine and events portfolio, Northstar Travel Media recently acquired Travel Weekly China, Travel Weekly Asia, and Events China from Contineo Media, a multi-platform information provider based in Singapore, with locations in Beijing and Shanghai.
Northstar already owns Travel Weekly and, according to company officials, the additional Asia-based business-to-business brands will “create an international network with platforms serving the fast-growing global retail/leisure segment of the travel industry.”
Thomas Kemp, chairman and CEO of Northstar Travel Media, said, "The addition of Travel Weekly China, Travel Weekly Asia, and Events China expands our portfolio into the largest and fastest-growing travel markets in the world."
He added, “"We're very pleased that a very talented travel industry team will be joining us to build the Travel Weekly and Events brands in the Asia Pacific region."
Events China is a MICE (Meetings, Incentives, Conventions and Events) industry brand that serves China through print, e-books, events and the leading industry awards programs.
This addition to Northstar’s portfolio fits in with existing titles Meetings & Conventions, Successful Meetings, Meeting News and Incentive.
Travel Weekly China is sent to 12,000 qualified and authorized travel trade professionals in mainland China, Hong Kong and Macau.
Combined, the Travel Weekly China and Travel Weekly Asia e-newsletters are delivered daily to more than 42,000 travel industry leaders.
Northstar has established Northstar Travel Media Singapore Pte Ltd as its legal and corporate entity for these brands. The Travel Weekly China and Travel Weekly Asia teams, including Publisher Susan Li, will report to Bob Sullivan, Executive Vice President, of Northstar Travel Media.
"Today's travel professionals need relevant and timely information impacting their business," said Susan Li. "By joining forces with Northstar Travel Media, Travel Weekly China and TravelWeekly Asia will provide audiences and advertisers access to a global suite of information and media platforms. We look forward to creating a powerful partnership and many years of continued growth as part of the Northstar team."
According to PhoCusWright's Asia Pacific Online Travel Overview Sixth Edition, the Asia-Pacific region surged past Europe to become the world's largest regional travel market in 2012, with $326 billion in gross travel bookings.
Despite weakening of prominent local APAC currencies against the U.S. dollar, PhoCusWright projects 10 percent growth for China and 12 percent growth for the Southeast Asian travel markets between 2012-2015.
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.
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