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Meetings, events and hospitality technology provider Cvent Holding Corp. (“Cvent”) (Nasdaq: CVT), has announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone in a transaction valued at approximately $4.6bn. From Conference & Meetings World…
Steve Monnington of Mayfield Merger Strategies reports the most recent transactions and analyses the M&A news. As well as several deals announced, there have been two important pieces of news which could impact big ticket M&A. There were also seven transactions announced which brings the total for 2023 to 13… From Exhibition News…
The upcoming UFI European Conference in Maastricht will be collaborating with Women in Exhibitions to honour women’s accomplishments in the exhibition industry. The Conference’s keynote speaker on 15 June will be Ann Daniels, a polar explorer and motivational speaker, who will share her story and leadership lessons with UFI’s delegates. From Exhibition World…
‘The Net Zero Carbon Events initiative is the collective effort of the global events industry, to make sure that our sector can do its part in that important journey to net zero to combat climate change. It is by now the most global, most inclusive initiative our industry has ever seen…’ From Association Meetings International…
Global event organiser Informa has strengthened its presence in growing regions and markets significantly with the acquisition of B2B events group Tarsus in a deal valued at $940m. The combined business is expected to create incremental revenue opportunities through the cross-marketing of major brands, digital expansion and new event launches. From Exhibition World…
Around the world, there’s a new course to be plotted as destination organizations look inward at stakeholders and residents and begin to address the organizational changes needed to facilitate that shift: marketing must have a local voice, budgets need to address a wider scope of projects throughout the community with diverse partners… From Simpleview…
Earlier this year, PCMA announced a collaboration with the American Geophysical Union to further its action on climate change at events. Shawna McKinley, AMI expert contributor, asks Lauren Parr, Senior Vice President of Meetings and Learning at AGU how the union approaches this intention at its own events. From Association Meetings International…
From the Cambridge Union debating chamber Michael Dominguez, President & CEO of Associated Luxury Hotels International (ALHI), charts the leisure-led recovery of the travel sector but warns that commitment and consistency are key to successful government relations, advocacy, and support. The source code to the recent $1.7 trillion 2023 Omnibus Appropriations Act including the appointment…
Tourism, Arts and Culture (Motac) Minister Datuk Seri Tiong King Sing has urged the Malaysia Convention and Exhibition Bureau (MyCEB) to be more aggressive in hosting international events. “As international travels are returning to normal, the ministry is proactively supporting business events activities that will bring more delegates into the country.” From The Malaysian Reserve…
U.S. Travel Association President and CEO Geoff Freeman issued the following statement on news of the withdrawal of tennis champion Novak Djokovic from participating in an upcoming U.S. tournament in California: “America’s outdated vaccine policy for international visitors is an unforced error that is contributing to an $80 billion loss in foreign traveler spending…”
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