News
Oct 01, 2021
It’s no secret that waste is a leading sustainability issue plaguing the entire global hospitality industry. In the U.S. alone, nearly 40% of food waste is generated from consumer-facing businesses including restaurants and hotels, according to leading conservation organization World Wildlife Fund (WWF). But while hotels have made important strides in waste prevention and diversion over the last several years, industry-wide waste reduction has presented a significant challenge due to the absence of a common approach in collecting data and measuring and reporting waste. In other words, hotels… more
Sep 29, 2021
NYC & Company, the official destination marketing organization and CVB for New York City’s five boroughs, is aiming to get event professionals in a New York state of mind. The organization recently unveiled “It’s Time to Make It NYC,” a marketing and sales initiative designed to highlight the city’s vibrant comeback and major new developments and invite event professionals to choose the destination for in-person gatherings.
“This new campaign is a signal to planners and [organizers] everywhere that it’s time to return to NYC for face-to-face meetings, conventions, trade shows and events… more
Sep 28, 2021
MGM Resorts International has entered into a definitive agreement with New York-based private equity behemoth Blackstone Group to acquire the casino and hotel operating rights of The Cosmopolitan of Las Vegas for just over $1.6 billion.
Announced Sept. 27, the deal coincides with Blackstone’s sale of the 3,032-room Strip resort to a group of buyers for about $5.6 billion, nearly tripling its investment in the Strip property seven years after acquiring it from Deutsche Bank for just over $1.7 billion and spending $500 million on capital improvements.
According to Blackstone officials, a… more
Sep 28, 2021
As the trade show industry continues its pointed focus on recovery, event organizations are once again making acquisitions, establishing new partnerships and extending existing agreements in preparation for a robust return to face-to-face events. Here’s just a sampling of some of the new business deals that have been happening across the industry since the start of the summer.
HMP Global Acquires Executive Senior Living Conference & Expo
HMP Global, the world’s largest healthcare event and education company, has acquired the Senior Living Executive Conference & Expo from Argentum,… more
Sep 27, 2021
Last week, the Center for Exhibition Industry Research (CEIR) released its 2021 CEIR Index Report, which analyzes the 2020 U.S. B2B exhibition industry’s performance and provides an economic and exhibition industry forecast for the next three years. Released annually, the report is a powerful tool designed to help organizers, service providers and the financial community understand the economics of trade shows, providing the context and insights needed to help inform strategic business decisions.
Due to the pandemic, CEIR did not produce an Index Report in 2020.
As an objective measure of… more
Sep 23, 2021
Guests attending or exhibiting at trade shows held at the Hong Kong Convention and Exhibition Centre (HKCEC) are going to notice a futuristic presence in their midst: a 5G smart robot combining 5G network and artificial intelligence technologies designed to enhance security and operational efficiency at the massive facility.
Deployed during the Hong Kong Computer & Communications Festival, held Aug. 20-23, “Captain C” is equipped with a 360-degree 4K high-definition surveillance camera, an infrared detection camera and a sensor system for detecting smoke and fire.
According to HKCEC (… more
Sep 22, 2021
Officials throughout the tourism, exhibitions, conferences and events sectors overwhelmingly applauded the Biden Administration’s announcement this week that U.S. travel restrictions for vaccinated international visitors will be eased in November. The move reopens the country to millions of people and paves the way for a massive boost to the industry’s recovery.
Starting in early November, travelers from anywhere in the world will be able to fly directly into the U.S. if they show proof of full vaccination and a negative COVID-19 test prior to boarding their U.S.-bound flight. No quarantine… more
Sep 21, 2021
London-based Tarsus Group entered into a partnership with the Hong Kong Printed Circuit Association (HKPCA) to be a supporting organization, and together with other organisers, will jointly produce the world's leading printed circuit board event, the International Electronics Circuit Exhibition Shenzhen (The IECES Show), from 2022 onwards.
This is a significant move for Tarsus, which has an established history of partnering with associations on several of its leading events, including the Labelexpo Global Series, A4M and Hometex, as well as working with event partners to bolster operations… more
Sep 21, 2021
Technology and live event professionals seem to come from two different worlds. One is comfortable pivoting, disrupting and scaling, while the other focuses more on human interaction, creativity and hospitality to build impactful live experiences. But with the ever-increasing crossover of technology into the events space, both parties will be joined at the hip moving forward as event clients demand more data proofs, ROI and results.
This “new normal” in the events industry begs the question: How can event planners and technology providers understand each other better in order to work more… more
Sep 21, 2021
In what was perhaps the strongest argument to date calling for the full return of in-person professional gatherings, leaders from the business and travel sectors joined together Sept. 15 at the National Press Club in Washington, D.C. to deliver a powerful, data-driven, science-backed message: Travel for and participation in professional meetings, exhibitions and events can safely resume, and doing so will significantly accelerate America’s economic recovery.
Under the Let's Meet There initiative, the broad alliance included representatives of the American Society of Association Executives… 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.