• AEG Management Leads LA Convention Center to Millions in Reserves

     
    POSTED January 22, 2017
     

Celebrating three years with the Los Angeles Convention Center on Dec. 20, AEG Management is celebrating another achievement of leading the convention center to $6.1 million in reserves and annual operating surplus. This ended in a record-breaking financial result for the LACC along with many other improvements since the partnership began in 2013.

Since the management change, the LACC increased operating profits each year and surpassing its initial goal of $2.1 million in the first five years in only three years with $6.1 million instead.

 “The financial accomplishments of the Los Angeles Convention Center in these past three years are testament to an effective and efficient public/private partnership,” says Bud Ovrom, Executive Director of the Los Angeles Department of Convention & Tourism Development.  “Revenues are up, expenditures are down and we have turned a profit every year. This is a partnership that is flourishing and we have the stats to prove it.”

On another note, the center’s sales and marketing pitch is changing. They launched their brand through a new website, which has helped increase event bookings. The LACC has been gaining more attention with bigger events, which is making a big impact on the City of Los Angeles itself.

“The relationships between Los Angeles Department of Convention & Tourism Development, AEG Facilities and the Los Angeles Tourism and Convention Board have never been better,” says Jon F. Vein, President, Board of Los Angeles Convention & Tourism Development Commissioners.  “We have worked collaboratively in marketing and sales and after three years have seen our efforts result in increases in Citywide Convention bookings that drive material revenue/economic impact to the City of Los Angeles.”

Event planners often schedule meetings and events in natural places near wilderness areas, at waterfront resorts, and at mountain event spaces. But there are many ways to bring nature into your events by making use of the architectural concept of biophilic design, which can be defined as seeking to engage most people’s innate desires to affiliate with nature in the modern built environment. If you think of yourself as an “event architect,” you can use nature to stimulate the senses. 

 

It won’t be quite the same as ordering a pizza or nachos to be delivered to your front door but getting eats at venues is taking a leap toward convenience with a new collaboration: DoorDash has become ASM Global’s “On-Demand Delivery Platform” partner, launching at ASM Global’s top North American arenas, stadiums, theaters, and convention centers in the coming months. The partnership will allow attendees to skip traditional lines by leveraging DoorDash services to order within the arena for pickup.

 

Located on the River Walk, the Hyatt Regency San Antonio Riverwalk has completed its $38 million renovation just in time for its 40thanniversary. The renovation broke ground in December 2021. The hotel’s 602 guestrooms and 28 suites were redesigned to reflect an upscale urban experience.