• Ashfield Meetings & Events Announces EBIT Results

     
    POSTED May 21, 2017
     

Ashfield Meetings & Events has announced its results for the financial year ending September 2016. Earnings Before Interest & Tax for the period was $7.782m* compared to £6.971m* in the previous 12-month period, presenting an increase of 11.6 percent.

“We have had a number of new business wins, both in the US and Europe, that has helped achieve a strong set of results,” says Nicola Burns, global managing director. “This has included numerous consultancy projects, dedicated client teams and strategic meetings management programs. In addition the continued commercial development of spark thinking has helped enhance our creative service offering and diversify our client base.”

This is the second year in a row that the agency has demonstrated double-digit EBIT growth. The numbers have been consolidated from accounts in the company’s operations in US, Europe and Asia.

“The healthcare meetings market continues to evolve and we are looking to expand our leading position by investing in technology, prioritizing our growth in the US and further connecting our healthcare expertise across the Ashfield division to add new types of value for our clients,” says Burns. “Our focus internally will be on driving productivity and leading through our people. It has been especially rewarding to see so many of our talented people take the next step in their career with us over the last 12 months. These internal promotions, combined with a series of new business wins in 2017, has resulted in a number of openings across our US and UK offices."

Associated Luxury Hotels International (ALHI) awarded five meeting and event professionals with a $1,000 scholarship as part of its commitment to Global Meetings Industry Day (GMID). The scholarship will help its recipients earn their Certified Meeting Professional (CMP) certification.

 

Arbor Lodging Partners, Chicago-based hotel investment and management company, announced its $135 million acquisition of Hampton Inn Santa Barbara/Goleta, Hampton Inn Boston-Norwood,

 

Westin Long Beach is anticipating wrapping up renovations by June. Since beginning in January, renovations have included updating guest rooms and hallways to bring calm and well-being to travelers' experiences. Fresh, cool color palettes are incorporated in the furniture, and guest rooms will include Heavenly Mattresses and 55-inch televisions.