• 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.”

Café & Bar Lurcat in Minneapolis, Campiello in Eden Prairie and The Brooklyn, located in Brooklyn Park, Minn. are celebrating the approaching winter holiday’s with food and entertainment.

Café & Bar Lurcat

On Christmas Eve, Café & Bar Lurcat will be serving its signature dinner of seasonal favorites beginning at 5 p.m. Guests can enjoy small plates of oysters or crab cakes, dinner plates of red wine braised pot roast and cinnamon sugar donuts to name a few of the many delicious options available.

 

The largest tourism player in the Arctic, Off the Map, is using its platform to create an entirely new “Truly Green Aurora” experience, focused on combating climate change and creating a deeper connection between guests and the environment.

 

On Nov. 1, global hospitality group, Benchmark added Manor Vail Lodge to its Colorado portfolio. Established in 1965 and situated at the base of Vail Mountain’s Golden Peak, its location offers picturesque views, yet is within walking distance from the ski slopes, shops and restaurants, giving guests the perfect mix of fun and relaxation.