Tag Archives: trade shows

Study Says Business Travel to Las Vegas Stimulates the Economy

At a time when companies are scaling back travel and attended costs, a new study shows it pays to invest in travel. It’s not only a win for those businesses, but a win for Las Vegas, which banks on those travel dollars. 

Las Vegas is not only the entertainment capital of the world, but it has long been the top destination for conventions, meetings, and trade shows which brings in an estimated $8 billion annually. That is until now. 

“When economy took a dip and there was some bashing of meetings by some federal officials, it really hurt Las Vegas,” said Cathy Tull with the Las Vegas Convention and Visitors Association. 

Las Vegas saw a 26-percent drop in convention travelers this year compared to last. But there’s hope things will soon turn around, thanks to a new study. 

Adam Sacks of Oxford Economics, a global research firm, has established a clear link between business travel and business growth. “For every dollar a company spends on business travel, incrementally that drives $12.50 in revenue and almost $4 in profits,” he said. 

The study simply states that business travel will stimulate the American economy. The study also points out that for the average U.S. business that does not travel in the first year sees a 17-percent drop in profits. 

And that’s not a chance business owners like Mike Weeks gamble on. “When you specialize like I do in personal injury attorneys and you are looking for the premiere firms, you have to go where they go,” he said. Weeks owns an advertising company and is in Las Vegas for a four-day convention to network and stimulate business– which is what the LVCVA says corporations should keep doing in this economy.

Leave a comment

Filed under Las Vegas, news, travel, Uncategorized

International Consumer Electronics Show (CES) in Las Vegas Offers Huge Camera Showcase

The 2010 International CES show will feature top companies with the latest products in digital imaging hardware and software in its Digital Imaging Showcase. Produced by the Consumer Electronics Association (CEA), the 2010 International CES, the world’s largest tradeshow for consumer technology, returns to Las Vegas, January 7 through 10, 2010.

With many consumers looking to improve the quality of their digital imaging technology and libraries, the Digital Imaging Showcase this year will be bigger than ever before. CEScamera

Digital imaging – and high quality digital cameras in particular – remain a central focus for consumers, as household penetration of digital cameras reaches nearly 80 percent and shipments of digital cameras featuring more than 10 megapixels are projected to increase by 237 percent in 2009. Shipments of digital cameras are estimaged to generate $6 billion in sales in 2009, with more than 30.5 million units sold. 

The Digital Imaging Showcase will feature more than 37,000 square feet of exhibit space, with more than 60 exhibitors in South Hall 3 of the Las Vegas Convention Center. This dedicated exhibit area will feature all aspects of the imaging product category, including cameras and capture devices, storage, software, printers, kiosks, bags and accessories. 

Top imaging companies will be featured at the 2010 CES such as ATP, Kodak, Iomega, Tiffen, Wacom and Wynit. Other major imaging companies exhibiting at the 2010 CES include Canon, Casio, Fuji, JVC, Lowepro, Nikon, Olympus, Panasonic, Samsung and Sony. 

For more information and to register to attend the 2010 International CES visit www.CESweb.org .

Leave a comment

Filed under entertainment, Las Vegas, news, travel, Uncategorized

Las Vegas Leads Nation in Nightclub, Bar and Lounge Revenue

The post-mortem is in for what’s commonly referred to as “The Show,” and what’s officially known as the annual Nightclub & Bar Convention & Trade Show, part of the International Hospitality Week, that was held last week for four days, March 1 though  4,  in Las Vegas. nightclub2

But The Show was definitely not dead – and nobody was spotted reading any last rites- especially great news in our sour, but always sweet Las Vegas economy.  Thousands of bar and nightclub conventioneers, though, literally hoisted-elbow-to-elbow, packing the Las Vegas Convention Center to check out the large array of new bar products and equipment from around the country and, of course, taste scrumptious food samples and imbibe on out-of-this-world libations. 

The good news is that Las Vegas represented the largest-volume of independent nightclubs, bars, and lounges in the United States for 2008.  Bad economy or not, Las Vegas proved once again that successful bar and nightclub operations is an art and science revenue reality:  Las Vegas is the home of 21 of the top 100 nightclubs and bars in the nation, drawing in a combined revenue from $360 million to $570 million in 2008.   Further adding to the prestigious ranking, Las Vegas was home to 6 of the top 10 venues. 

“Clearly, Las Vegas maintains its dominance as a nightclub destination,” says David Henkes, vice president of Technomic and leader of the firm’s adult beverage practice. 

Such are the findings of the primary and secondary research study undertaken by Nightclub & Bar magazine and Chicago-based market research firm Technomic, Inc., who partnered together to develop the first revenue-based listing of top-producing independent nightclubs, bars and lounges in the nation. 

The survey used to develop the Top 100 list showed that 60 percent of respondents experienced increases in total revenues in 2008; only 11 percent experienced sales decline and 29 percent reported no change from 2007. 

On average, alcohol accounted for 71 percent of total revenues, with cocktails generating the lion’s share of drink sales – 52 percent – and beer and spirits contributing 38 percent and 10 percent, respectively.  Food sales accounted for an average of seven percent of venue sales. 

Henkes projects that nightclubs, bars and lounges will fare better than their casual dining colleagues in the face of the continued downward economic spiral.   However, he cautioned that as unemployment rises and the recession continues to impact more and more consumers, the young adult demographic that favors these independent nightclubs, bars and lounges will likely curb their discretionary spending. 

“To succeed in 2009, operators will need a clear value proposition:  understand why people come to your venue and deliver an experience they can’t get elsewhere,” Henkes affirms.  “In the best of times, it’s difficult to keep a hot club hot – many of these Top 100 clubs have done so continuously for years – but all bar operators will need to work smart to keep going and growing.  Each individual concept needs to continuously reinvent itself to stay fresh for today’s customer, who is becoming more discerning in where they spend their entertainment dollars.” 

To wet your whistle, here’s the ranking of Las Vegas venues from the nation’s Top 100 revenue 2008 listing :  Tao Nightclub (1) – pictured in inset, Tryst (2), Pure (4), Jet (5), The Bank Nightclub (7), LAX (8), Body English (11), Moon Nightclub (12), ghostbar (13), Prive (17), Playboy Club (21), Drais After Hours (22), Christina Audigier (27), rumjungle (28), Studio 54 (29), Blush (31), Rain in the Desert (35), Stoney’s Rockin Country Bar (38), Krave Nightclub (44), Tabu Ultra Lounge (60), and Poetry Nightclub (79). 

Bottom’s up- here’s hoping for a good bar and nightclub 2009 performance.

Leave a comment

Filed under entertainment, food, Las Vegas, news, travel, Uncategorized

MAGIC Show Sprinkles Magic $$$ Dust on Las Vegas

Lance Burton’s magic and his theater at the Monte Carlo, suprisingly, is not the center of the Las Vegas MAGIC universe this week.  Burton, at least for this week,  has to share his headliner billing with the Men’s Apparel Guild of California.  magicuse

The MAGIC show runs February 17 through February 19 at the Las Vegas Convention Center and Las Vegas Hilton in Las Vegas.   Expected to draw an estimated 120,000 attendees, the show brings the best and most prestigious clothing exhibitors to Las Vegas convention halls, introducing new style and trends that fast-track to the general marketplace.  

This year MAGIC will expand further with the introduction of “MAGIA at MAGIC”.  Located in the South Hall of the Las Vegas Convention Center, MAGIA is designed for the Hispanic and Latin American markets. 

“We realize that this is a pivotal time in our industry,” said Chris DeMoulin, President of MAGIC International and Executive Vice-President, Advanstar Fashion Group.  Categories are evolving, trends are changing and our clients are looking to MAGIC for a new approach to their business needs. We’ve assembled an amazing team and listened to invaluable feedback from our customers, and the result is a strategy we believe in. There has never been a more exciting time to be a part of The MAGIC Marketplace.”

Leave a comment

Filed under Las Vegas, news, travel, Uncategorized

Las Vegas Winter Market

From February 9 though February 13, thousands of top commercial and residential designers, producers, and lasvegasmarketsuppliers from around the globe will be showcasing their newest ideas, products, and services in five million square feet of exhibits in Las Vegas at the Las Vegas Winter Market.  Hot trends, products, and expert panel discussions in every market category will be represented including furniture, bedding, decorative accessories, lighting, floor coverings, home textiles, gifts, and more.

Leave a comment

Filed under art, Las Vegas, news, travel, Uncategorized