Mar 16, 2023
London, U.K.-based event organizer Hyve Group has been sold to media-focused equity investment firm Providence Equity Partners, based in Providence, R.I.
In a joint statement, Providence Equity Partners said it had agreed to a buyout deal paying $1.30 (£1.08) in cash for each Hyve share — a bid that gives the international event organizer an equity value of more than $386 million (£320 million) and an enterprise value of $579 million (£481 million). Hyve had previously rejected two offers from Providence worth $1.22 (£1.01) and $1.26 (£1.05) per share.
This is the third largest… more
Mar 14, 2023
Industry-leading meetings, events and hospitality technology provider Cvent Holding Corp. (“Cvent”) has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone for approximately $4.6 billion.
According to company officials, under the terms of the agreement, Cvent stockholders will receive $8.50 per share in cash, which represents a premium of 52 percent to the volume weighted average share price over the 90 days prior to Jan. 30, 2023 – the day before media reports were published of a potential transaction.
As part of the transaction… more
Mar 09, 2023
Two major trade shows recently returned to Las Vegas with robust attendance and expanded footprints pushing the boundaries of pre-pandemic levels. Check them out!
World of Concrete
World of Concrete, the world’s largest trade show for the commercial concrete and masonry construction industries, held its 49th annual event at the Las Vegas Convention Center (LVCC) Jan. 17-19. With 48,000 registered professionals, heavy show floor foot traffic and more than 120 countries in attendance, the event further solidified itself as the critical meeting place for industry advancement, according to… more
Mar 09, 2023
In the largest post-pandemic exhibition acquisition deal by far, Informa has bought Tarsus Group from private equity firm Charterhouse Capital Partners for $940 million. The acquisition was funded with cash and $210m of new Informa shares.
"We have long admired the Tarsus business which, like Informa, has been built around major brands in attractive, specialist B2B markets in the growing regions of Asia, China, the Middle East and the Americas,” said Informa Group CEO Stephen A. Carter.
The Informa Board believes the combination is both commercially and financially compelling, with strong… more
Mar 03, 2023
Early bird discounts are still popular, but half of trade show attendees are registering less than one month out, according to part two of TSNN’s attendee registration survey.
According to the survey, 83 percent of show organizers offer early bird discounts or a limited number of tickets for attendee registration, while only 17 percent do not.
“Early bird discounts continue to influence registration patterns, although attendees tend to register later in the show cycle now, which has shifted the early bird strategy on some events,” said Jacy Barker, senior director of marketing services at… more
Feb 28, 2023
For a large B2B trade show, there’s nothing better than starting off a new year with robust, record-breaking participation. Case in point: Dallas Market Center’s January Apparel & Accessories Market, the largest U.S. marketplace for women’s apparel, accessories and footwear. Held Jan. 10-13, the venue’s largest event in years enjoyed an overall attendance increase versus pre-pandemic shows and featured an expanded marketplace of approximately 750 exhibitors, including new permanent showrooms and temporary exhibitors.
In addition to overall participation gains, the January show welcomed… more
Feb 27, 2023
The U.S. will soon be getting a new global B2B event focused on data, analytics and machine learning and artificial intelligence (MLAI). Set to launch April 10-11, 2024 at Javits Center in New York City, Data Universe will bring together businesses and industry professionals representing the entire data universe, including analytics, MLAI, strategy, operations, governance and more.
Created and produced by leading global event producer RX, the annual education-led event will feature groundbreaking content and will build in collaboration with RX’s leading data event in the UK, Big Data LDN (… more
Feb 24, 2023
Taking place each February, Black History Month is an ideal time to honor and celebrate the achievements of Black people in the events industry and beyond and renew our commitment to continue fostering diversity, equity and inclusion (DEI).
TSNN checked in with six industry leaders to find out how their organizations support the Black community and get their advice on championing DEI.
Desirée Knight, Senior Director, Meetings and Events, American Psychological Association; 2023 Chair of the Professional Convention Management Association (PCMA)
What tips would you share with fellow event… more
Feb 23, 2023
Are attendees at your trade show registering later than they did pre-pandemic? Don’t panic. You are not alone. According to a TSNN study conducted in February, 98 percent of show organizers reported that attendees are registering later for trade shows, compared with pre-pandemic times.
Show organizers have always dealt with attendees who registered late, but the pandemic seems to have pushed back timelines even more. After dealing with cancellations and postponements for 2-plus years, many show organizers have told us anecdotally they continue to be challenged with this lingering pandemic… more
Feb 22, 2023
More than 200,000 housing and design professionals from across the globe recently descended upon Las Vegas for the 10th annual Design & Construction Week (DCW), the largest annual gathering of residential construction and design industry professionals.
Held Jan. 31-Feb. 2 at the Las Vegas Convention Center (LVCC), the massive event comprised the National Kitchen & Bath Association’s (NKBA) Kitchen & Bath Industry Show (KBIS), the National Association of Home Builders (NAHB) International Builders’ Show (IBS) and the three co-dated industry shows: the National Hardware Show (NHS… more
Partner Voices
Overview:
The award-winning Orange County Convention Center (OCCC) goes the extra mile to make every day extraordinary by offering customer service excellence and industry-leading partnerships. From their dedicated in-house Rigging team to their robust Exhibitor Services, The Center of Hospitality brings your imagination to life by helping you host unforgettable meetings and events. With more than 2 million square feet of exhibit space, world-class services and a dream destination, we are committed to making even the most ambitious conventions a reality.
In October 2023, the Orange County Board of County Commissioners voted to approve allocating Tourist Development Tax funding for the $560 million Phase 5A completion of the OCCC. The Convention Way Grand Concourse project will include enhancements to the North-South Building, featuring an additional 60,000 square feet of meeting space, an 80,000- square-foot ballroom and new entry to the North-South Building along Convention Way.
“We are thrilled to begin work on completing our North-South Building which will allow us to meet the growing needs of our clients,” said OCCC Executive Director Mark Tester. “As an economic driver for the community, this project will provide the Center with connectivity and meeting space to host more events and continue to infuse the local economy with new money and expanding business opportunities.”
Amenities:
The Center of Hospitality goes above and beyond by offering world-class customer service and industry-leading partnerships. From the largest convention center Wi-Fi network to custom LAN/WAN design, the Center takes pride in enhancing exhibitor and customer experience.
The OCCC is the exclusive provider of electricity (24-hour power at no additional cost), aerial rigging and lighting, water, natural gas and propane, compressed air, and cable TV services. Convenience
The Center is at the epicenter of the destination, with an abundance of hotels, restaurants, and attractions within walking distance. Pedestrian bridges connect both buildings to more than 5,200 rooms and is within a 15-minute drive from the Orlando International Airport. The convenience of the location goes hand-in-hand with top notch service to help meet an event’s every need.
Gold Key Members
The OCCC’s Gold Key Members represent the best of the best when it comes to exceptional service and exclusive benefits for clients, exhibitors and guests. The Center’s Gold Key memberships with Universal Orlando Resort, SeaWorld Orlando and Walt Disney World greatly enhance meeting planner and attendee experiences offering world-renowned venues, immersive experiences and creative resources for their events.
OCCC Events:
This fiscal year, the OCCC is projected to host 168 events, 1.7 million attendees, and $2.9 billion in economic impact.
The Center’s top five events during their 2022-2023 fiscal year included:
AAU Jr. National Volleyball Championships 2023
200,000 Attendees
$257 Million in Economic Impact
MEGACON 2023
160,000 Attendees
$205 Million in Economic Impact
Open Championship Series 2023
69,500 Attendees
$89 Million in Economic Impact
Sunshine Classic 2023
42,000 Attendees
$54 Million in Economic Impact
Premiere Orlando 2023
42,000 Attendees
$108 Million in Economic Impact