• 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.”

For more than 125 years, the historic Pfister Hotel in Milwaukee has been celebrating local art. Each year, it hosts an Artist-in-Residence and a Narrator-in-Residence art program. The artists stay at the hotel to work on their respective artforms and interact with guests.  

Artist-in-Residence 

 

Family-owned and -operated catering brand and event venue, Grateful Palate Catering & Events, recently underwent an interior renovation, which was inspired by the success of the recently launched second floor private event space at its sister property Shooters Waterfront. 

 

Discover Puerto Rico, the island’s first-ever Destination Marketing Organization (DMO), has reported that in the past year, the island had its highest revenue and visitors numbers of all time. This is largely due to the DMO’s campaign “CoverTheProgress,” which encourages media outlets to highlight Puerto Rico’s progress and beauty, rather than the devastation.