MGM Resorts reports record $17.2B revenue despite Q4 profit
(Bellagio Resort & Casino is one of the Las Vegas properties at MGM Resorts, which plays a key role in the company's record $17.2 billion revenue year. Strong conference and trade show bookings have Helps drive growth, MGM (MGM December 2024. MGM CEO Bill Hornbuckle predicts Las Vegas trade show in 2025 Author Mark Hebert, Exhibition City News MGM Resorts International has the highest annual revenue in the company's history, with the highest annual revenues driven by record trade fairs and conference bookings, reaching 2024. However, fourth-quarter profit fell 50% year-on-year, with net revenue falling from $313 million in the fourth quarter of 2023 to $157 million. This is largely due to the lack of 2023 Formula 1-driven revenue creating an extremely powerful comparison period. Despite the fourth quarter decline, CEO and CEO Bill Hornbuckle remained confident in the company’s prospects, citing unprecedented demand for trade shows, conferences and company events. "December is the highest meeting booking month on record,"…
Karisma Hotels & Resorts is launching its smart program
Group Travel is developing, and Karisma Hotels and Resorts Responding to changing needs Wise - Wedding, incentives, socializing, entertainment. The new program aims to simplify group bookings and enhance rewards when industry data indicates a multi-day surge, group travel bookings in 2025. Recently published Wetravel Travel Trends Report Emphasizes the growing popularity of customization and niche group travel experience. According to the report, group travel growth rate is unprecedented, with operators catering to more Independent group tours (18% of operators now offer these), Community-driven traveland Highly tailored itinerary. Karisma's smart plan fits these trends by providing personalized experiences and automatic rewards. “At Karisma Hotels & Resorts, we are committed to making group booking easy,” said Alejandro Perez, group and wedding director, in a press release. “By wisely, we simplify the process to ensure a seamless experience for meeting planners and travel agencies. The program is designed to be easy to navigate so customers can book confidently, enjoy exclusive privileges, and…
Prime Hotels and Resorts – The Most Inspiring Activities
Whether it’s planned large business conferences, intimate strategic conferences or inspiring vacations, the excellent facilities of premier hotels and resorts and unrivaled service in the most scenic locations to ensure events are unparalleled.Prime Hotels and Resorts are the hallmark of world-class hospitality, offering event planners a range of outstanding properties to find the ideal place for your next meeting, meeting or incentive.Here we focus on five outstanding properties: Premier Resort The Mooring, Premier Resort Sani Pass, Premier Resort Cutty Sark, Premier Resort Mpongo Private Game Reserve and Premier Hotel The Winkler, each uniquely caters to a variety of Meetings and Teams - Construction Requirements.Mooring equipment for advanced resorts: waterside retreatNestled along the Knysna Lagoon on South Africa’s famous garden route, the chief resort The mooring equipment for meetings and meeting attendees meetings escape the city. The resort’s modern conference facilities can accommodate up to 200 delegates and use state-of-the-art audio-visual equipment, adaptive seating arrangements, and on-site technical support to monitor…
4 iconic executive resorts
Author: Sarah Kanish Photos: Ostov Resort In the wake of the COVID-19 pandemic, companies have begun to re-prioritize face-to-face collaboration with leadership teams and conduct high-value executive retreats. In fact, off-site bookings by corporate small leadership groups increased 35% from 2021 to 2023, primarily at non-traditional venues such as boutique resorts and nature lodges, according to American Express Meetings & Events. This momentum is only expected to continue until 2025. Managers and team leaders book executive retreats as a way to relax, recharge and inject new energy into the workplace. The best retreats can restore calm to guests while rejuvenating them with countless activities and amenities. There are a variety of executive retreat options available in Wisconsin. Whether a team wants to do it all or get away from it all, there are venues across the state to suit every need. Check out these four signature options designed to create unique experiences for small groups in Wisconsin’s unique setting central…
KSL Resorts changes its name to Peregrine Hospitality
Peregrine Hospitality is the new name for Denver-based KLM Resorts, which manages hotels across the country, including the Courtyard Clearwater Beach, Florida. ||Courtesy Visit St. Petersburg-ClearwaterIn early January, KSL Resorts in Denver, Colorado, changed its name to Peregrine Hospitality. The rebranded company will continue to manage its portfolio of iconic hotels and resorts while actively pursuing growth opportunities across all asset classes in the hospitality industry.The Peregrine Hotels management team is led by CEO Greg Kennealey and includes Tom Barber, Chief Financial Officer; Ed Eynon, Chief Human Resources Officer; Katherine Hance, Chief Legal Officer; Pete Sams, Chief Operating Officer; Mike · Mike Wilbert, Managing Director and Head of Acquisitions.The company's structure enables it to leverage the strengths of its team and its extensive resources, relationships and experience in hotel management, development and investments to lead investments and manage hotel and resort properties throughout the United States and in key markets globally."This is an exciting time for the organization and reflects…
Belfry Hotels & Resorts’ female leaders honored
Kirsten Price Director of Human Resources Women are leading the way at Campanile Hotels & Resorts in the Midlands, with four of its senior leadership team receiving prestigious awards across various departments within the resort. Each woman was praised for her profound impact on their respective industries, demonstrating the fundamental importance of female leaders in the hospitality industry.Emma Cattrall Finance DirectorEmma Catterall, finance director at The Belfry, has won the Inspiring Financial Leader of the Year award at the prestigious 2024 HOSPA Awards. The award is praised for her outstanding leadership and significant impact, setting the benchmark for excellence and recognizing Emma's ability to navigate complex situations. Address financial challenges with integrity and vision, drive sustainable growth, inspire colleagues and contribute to the organization. Contribute to your overall success and resilience.Emma said of her win: "I'm absolutely delighted to have won this award and to rub shoulders with so many brilliant peers in finance and the wider hospitality industry. I'm…
A smart move to visit SLO CAL, Tanzerra Resorts and more
Listen to audio David West David West, Hamilton County Visitors Bureau West serves as president and CEO Hamilton County Tourism Brenda Meyers retired after leading the Hamilton County Visitors Bureau for 19 years. He has over 20 years of experience in the tourism and destination management industry. His major accomplishments include developing the strategic destination plan for Dollywood Parks and Resorts, which brought record visitor numbers, and leading the Pure Michigan initiative during his tenure at the Michigan Economic Development Corporation. The Hamilton County Tourism Board of Directors nominated him for the position after a thorough review, not only because of his extensive and successful background, but also because of his reputation for energy and creativity in destination marketing. Natalie Placer Natalie Placer, Four Seasons Hotel & Private Residences New Orleans Four Seasons Hotel and Private Residences New Orleans Appointed Placer as Marketing Director. She brings more than two decades of experience to her role and has spent the majority…
IHG Hotels & Resorts Winter Chalet Experience Returns
IHG Hotels & Resorts announced the relaunch of the Winter Chalet Experience in late October, which includes Chalet Days and a host of seasonal programming and activities that meeting planners can take advantage of. The issuance is valid from November 1, 2024 to January 31, 2025.“At IHG, we have always believed that the magic of the holidays is in bringing people together,” Vicki Poulos, IHG’s head of luxury and lifestyle brands in the Americas and global Kimpton brand, said in a prepared statement. “Whether it’s a gathering of family, friends, or newfound connections, our intimate spaces are designed to create those meaningful moments that bring the season to life through carefully curated, experiential programming.”InterContinental Chicago Magnificent Mile Exterior ||Photography: Elesi, courtesy of AdobeNotable specific meeting and event services include Winter Chalet meeting space takeovers, available at hotels such as the Kimpton Hotel Palomar in Philadelphia, PA and the InterContinental Magnificent Mile in Chicago, IL. These envelope gathering spaces feature comfortable…
Omni Hotels & Resorts to open new hotel in Mexico
Meeting planners, get ready for this game-changing venue in Mexico. Omni Hotels & Resorts Expanding meetings and incentives events in Mexico Omni Puntoc Resort Punta Mitaits first luxury resort in the country. Set to open in late 2026, the oceanfront resort will offer more than 27,000 square feet of meeting and event space, including a 6,000-square-foot ballroom, open-air pavilion, multiple event lawns and dedicated meeting rooms, all with ocean views. "As our first hotel in Mexico, the development of Omni Pontoque marks a particularly exciting milestone in our company's history," said Kurt Alexander, president of Omni Hotels & Resorts, in a press statement "We believe the joy of travel is rooted in an authentic connection to a place, and we're excited to celebrate Mexico's rich culture with our guests and introduce them to unique experiences that Omni has never offered." Omni Pontoque promises an unparalleled experience for both business and leisure guests. Meeting planners can look forward to flexible spaces…
Spotlight on Sunseeker Resorts
Posted by Barbara Scofidio of Prevue Meetings & Incentives. This new resort on the Gulf Coast of Southwest Florida is absolutely stunning. The post Spotlight on Sunseeker Resorts appeared first on Prevue Meetings & Incentives.
MGM Resorts: Here, your experience is rewarding,
Learn more mgmresorts.com/meetings. MGM Resorts You want every attendee to arrive feeling refreshed and leave feeling rejuvenated. Industry trends show that meeting planners are increasingly looking for ways to incorporate wellness into their events. At MGM Resorts, wellness is more than just an add-on; it’s a core element designed to increase attendee focus, boost productivity and ensure a memorable experience. For fitness and health enthusiasts who value comfort, Stay Well™ Room Experience Stay Well™ at MGM Resorts is the perfect choice. These rooms are designed to refresh attendees with features like air purification, non-toxic cleaning products, and specialized showerheads. The Stay Well™ program includes three tiers – Fresh by Stay Well™ for accessible wellness features, Stay Well™ for enhanced amenities like circadian lighting and specialized mattresses, and Stay Well™ Premier for a holistic wellness experience. In addition to these accommodations, MGM Resorts also offers Stay Healthy Conference These include air purification, ergonomic furniture and nutritional menu options to create a…
American Hotels and Resorts: Present and Future
The lobby of the Outrigger Kona Resort and Spa. From the Pacific to the Atlantic, hotels and resorts across the country are undergoing stunning, multimillion-dollar renovations to enrich experiences for groups during and after meetings and events. Outrigger Kona Resort and Spa Kaleiopapa Conference Center at the Outrigger Hotel. $60 million renovation Outrigger Kona Resort and Spa Now complete, the 22-acre resort is ready to welcome guests to Keauhou, a name that means "a new era." Perched on the cliffs of Keauhou Bay with stunning ocean views of the Kona Coast of the Big Island of Hawaii, the revitalized resort features 511 newly renovated guest rooms/suites and meeting spaces that skillfully blend the resort's rich heritage and reverence for sailing with a modern aesthetic. Kaleopapa Conference Center It has also been improved, solidifying its status as a premier event venue with more than 100,000 square feet of indoor and outdoor space. During downtime, groups can relax in upgraded lounge chairs…
Newly renovated: Summer meetings mean sunshine
Listen to Audio Get healthy and happy with these summer grand opening events It’s summer time. It’s the time for beaches, sun, and lemonade. How can you incorporate the cheerful, relaxed vibe of summer into your meetings and events? These new and renovated hotels in South Florida, Santa Barbara and Spain are the answer, each with its own unique way of highlighting sunny destinations, optimizing wellness and creating the perfect atmosphere for connection. Waterside Health Amrit Ocean Resort South Florida's newest oceanfront luxury wellness resort, Amrit Ocean Resortis committed to incorporating its wellness philosophy and programs into meetings and events. The resort is located on seven acres on Singer Island, just 20 minutes from Palm Beach International Airport and less than 20 minutes from the West Palm Beach Brightline Station. Upon arrival, guests will be surrounded by sand dunes and wildlife sanctuaries; when they leave, they will have a new understanding of the five pillars of wellness: mindfulness, nutrition, fitness,…
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