• Atlantic City to Host Triathlon

     
    POSTED October 23, 2015
     

The Board of the New Jersey Casino Reinvestment Development Authority just approved an amendment to a previous agreement that will bring a thrilling sporting event to Atlantic City for the next three years.

Specifically, the board amended an original five-year deal that provided a fund reservation in amount that would not exceed $750,000 to host the Challenge Atlantic City Triathlon in conjunction with a Vigo and DelMoSports and Entertainment, LLC. The new agreement will reallocate the leftover $189,890.40 of funding to support a plan from Maximus Productions, LLC—owned by Stephen Del Monte—to host the Ironman Atlantic City 70.3 in 2016, 2017 and 2018.

The impressive event features a 1.2-mile swim, 56-mile bike ride and a 13.1-mile run. The hope behind the event is to bring an exciting, world-class triathlon to Atlantic City that will attract a large number of visitors to the city and sell thousands of hotel room nights.

“We are excited to continue our relationship with Mr. Del Monte and we look forward to bringing the Ironman event to Atlantic City over the next three years,” says John Palmieri, executive director, CRDA.

The latest Global Business Travel Association (GBTA) Business Travel Recovery Poll revealed that business travel is surging forward and international travel is returning alongside the challenges of rising fuel prices, inflation, supply chain disruption, and the war in Ukraine. In addition, corporate travel policies are undergoing a revamp, and a large majority of employees indicate they are willing to travel for business. 

 

The hospitality and meetings and events industries are known for their generosity. Even after a couple of tough years courtesy of the COVID-19 pandemic, helping others has remained a priority. Here are a few examples from around the country. 

 

On May 4, Knowland, a provider of meetings and events intelligence data, released its monthly report for April 2022. The data showed a significant increase in meetings activity, with a 323% increase over April 2021, including a 3.7% recovery of events from March to April 2022.

Additional information included:

•     In April 2022, the average number of attendees per event was 118, compared to 63 in April 2021 and 74 in April 2019.