LV still a great place to show

In a place where luck was worth $6.7 billion last year the number 13 is hardly a good omen — except when it comes to trade shows and conventions.

That’s how many years Las Vegas has been the top American trade show destination, according to an annual ranking published Monday.

Sin City hosted 45 of America’s top 200 trade shows in 2006, more shows than the combined total of Orlando, Fla., and Chicago, the next two places on the list.

“Vegas continues to rock everybody’s world,” said Adam Schaffer, publisher of Tradeshow Week, the magazine that publishes the annual list. “We expect that to hold for a very long time given the vast lead in market share they have.”

In 2006 alone trade shows attendees spent more than $8.1 billion in Las Vegas, and that doesn’t include gambling losses. That’s more than the $6.7 billion Strip casinos won from gamblers during the same year.

The economic impact figure doesn’t include union-level wages workers earn setting up and tearing down shows. Las Vegas’ largest show, the International Consumer Electronics Show, required as many as 2,100 union workers during peak set-up times.

“Everybody would like to have one of those Tradeshow Week 200 shows in their facility,” said Chris Meyer, vice president of convention center sales for the Las Vegas Convention and Visitors Authority.

Las Vegas hosted six of the top 10 shows in 2006. Orlando and Chicago hosted two each.

The Las Vegas Convention Center is one of three Las Vegas venues among the top 10 trade show hosts in the country. The Sands Expo and Convention Center at The Venetian and Mandalay Bay Convention Center are the others.

New York; Atlanta; Dallas; San Francisco; Anaheim, Calif.; Los Angeles; Rosemont, Ill.; and San Diego followed Las Vegas, Orlando, Fla.; and Chicago in most Tradeshow Week 200 events for the year.

When ranked by amount of square footage leased the list reads: Las Vegas; Chicago; Orlando, Fla.; Atlanta; New York; Louisville, Ky.; Dallas; Anaheim, Calif.; Los Angeles; and San Francisco.

The January Las Vegas market for professional furniture buyers and sellers at the World Market Center downtown made the Tradeshow 200 list at 41, the highest point on the list for a first-time event. The July Las Vegas market ranked 26.

New Orleans, which lost two trade shows in the aftermath of Hurricane Katrina, was one of five cities that hosted three top 200 shows. The fall Jewelry Merchandise Fair fell off the Tradeshow Week 200 after the 2005 cancellation and hasn’t recovered.

Few communities on the list rival Las Vegas for available space, hotel rooms and air access, key ingredients for a trade show destination.

“It is a convention town,” said Chuck Schwartz, chairman of the Henderson-based firm ConvExx, which produces the Specialty Equipment Market Association car parts convention, which draws about 120,000 delegates. “Everybody is dialed into conventions and trade shows and don’t give you a dumb look when you say you are a trade show-goer.”

The show, called SEMA for short, was No. 9 on the top 200 with nearly 1.1 million net square feet of leased space.

Schwartz said the amount of space SEMA and shows like it require make it hard for other communities to lure events away from Las Vegas, even in the ultra competitive trade show venue market.

“We don’t fit many places anymore,” Schwartz said. “The only other city that could come close would be Orlando. And there is no comparison.”

Although Las Vegas appears to have locked up honors as America’s top trade show destination, there are disputes among local players.

The most prominent is between operators of the privately run Sands Expo and the publicly run Las Vegas Convention Center, operated by the Las Vegas Convention and Visitors Authority.

During a recent interview, Bill Weidner, president and CEO of Las Vegas Sands Corp., which owns the Sands Expo center and The Venetian, reiterated long-held criticism of the Las Vegas Convention Center. Weidner said the convention center, which is subsidized by room taxes at hotels, undercuts private operations such as the Sands Expo.

The Sands Expo center, Weidner said, has about 20 percent less space than the Las Vegas Convention Center but charged $68.7 million in fiscal year 2006 to the authority’s $48.4 million.

“Our occupancy would be much higher if we weren’t competing with their subsidized rates,” Weidner said.

Schaffer acknowledged that private hotel convention operators face a unique challenge in Las Vegas in that room taxes paid by their guests subsidize a convention center that competes with the resorts for trade shows.

“It is a different dynamic than you see in many cities,” he said. “I think Mr. Weidner may very well have a good point.”

But he also said it is common for publicly run agencies to charge low rates for exhibition space because their aim is to attract business to the community, primarily in the form of hotel guests.

In Las Vegas, for example, each trade show guest is worth about $1,600 in nongaming economic impact, more than twice as much as a tourist.

“That is largely considered to be OK because of the tremendous economic impact,” Schaffer said of subsidized exhibition rates.

Neon wraps can light up the night for advertising
Vinyl wrap company 5150 Wraps talks about neon wraps, a new technology that the company believes can boost advertising at night. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Nevada on the forefront of drone safety
Dr. Chris Walach, senior director of Nevada Institute for Autonomous Systems, talks to a reporter at NIAS's new Nevada Drone Center for Excellence of Public Safety, located inside the Switch Innevation Center in Las Vegas. K.M. Cannon Las Vegas Review-Journal @KMCannonPhoto
Motel 8 on south Strip will become site of hotel-casino
Israeli hoteliers Asher Gabay and Benny Zerah bought Motel 8 on the south Strip for $7.4 million, records show. They plan to bulldoze the property and build a hotel-casino. Motel 8 was built in the 1960s and used to be one of several roadside inns on what's now the south Strip. But it looks out of place today, dwarfed by the towering Mandalay Bay right across the street.
Project billed as one of the world's largest marijuana dispensaries plans to open Nov. 1
Planet 13 co-CEO Larry Scheffler talks about what to expect from the new marijuana dispensary, Thursday, July 19, 2018. (Marcus Villagran/Las Vegas Review-Journal) @brokejournalist
Oasis Biotech opens in Las Vegas
Brock Leach, chief operating officer of Oasis Biotech, discusses the new plant factory at its grand opening on July 18. (Bailey Schulz/Las Vegas Review-Journal)
UNLV Tech Park innovation building breaks ground
Construction on the first innovation building at the UNLV Tech Park is underway. (Bailey Schulz/Las Vegas Review-Journal)
Caesars Forum Meeting Center
Caesars broke ground Monday on its $375 million Caesars Forum Meeting Center (convention center) just east of the High Roller observation wheel. (Caesars Entertainment)
Technology reshapes the pawn shop industry
Devin Battersby attaches a black-colored device to the back of her iPhone and snaps several of the inside and outside of a Louis Vuitton wallet. The device, installed with artificial intelligence capabilities, analyzes the images using a patented microscopic technology. Within a few minutes, Battersby receives an answer on her app. The designer item is authentic.
Recreational marijuana has been legal in Nevada for one year
Exhale Nevada CEO Pete Findley talks about the one year anniversary of the legalization of recreational marijuana in Nevada. (K.M. Cannon/Las Vegas Review-Journal)
Young adults aren't saving for retirement
Financial advisors talk about saving trends among young adults. (Bailey Schulz/Las Vegas Review-Journal)
President Trump’s tariffs could raise costs for real estate developers, analysts say
President Donald Trump made his fortune in real estate, but by slapping tariffs on imports from close allies, developers in Las Vegas and other cities could get hit hard.
Las Vegas business and tariffs
Barry Yost, co-owner of Precision Tube Laser, LLC, places a metal pipe into the TruLaser Tube 5000 laser cutting machine on Wednesday, June 20, 2018, in Las Vegas. Bizuayehu Tesfaye/Las Vegas Review-Journal @bizutesfaye
Nevada Film Office Connects Businesses To Producers
The director of the Nevada Film Office discusses its revamped locations database and how it will affect local businesses. (Bailey Schulz/Las Vegas Review-Journal)
Opendoor isn't the typical house flipping company
Unlike most house flippers, the company aims to make money from transaction costs rather than from selling homes for more than their purchase price.
The Venetian gondoliers sing Italian songs
Gondolier Marciano sings a the classic Italian song "Volare" as he leads guests through the canals of The Venetian in Las Vegas. (K.M. Cannon/Las Vegas Review-Journal)
Building In Logandale
Texas homebuilder D.R. Horton bought 43 lots in rural Logandale. (Eli Segall/Las Vegas Review-Journal)
Indoor farming in Southern Nevada
Experts discuss Nevada's indoor farming industry. (Bailey Schulz/Las Vegas Review-Journal)
Former Fontainebleau could have become a Waldorf Astoria
Months after developer Steve Witkoff bought the Fontainebleau last summer, he unveiled plans to turn the mothballed hotel into a Marriott-managed resort called The Drew. But if Richard “Boz” Bosworth’s plans didn’t fall through, the north Las Vegas Strip tower could have become a Waldorf Astoria with several floors of timeshare units. (Eli Segall/Las Vegas Review-Journal)
LVCVA CEO Rossi Ralenkotter announces plans to retire
Rossi Ralenkotter, CEO of the LVCVA, on Tuesday confirmed a Las Vegas Review-Journal report that he is preparing to retire. Richard N. Velotta/ Las Vegas Review-Journal
Cousins Maine Lobster to open inside 2 Las Vegas Smith’s stores
Cousins Maine Lobster food truck company will open inside Las Vegas’ two newest Smith’s at Skye Canyon Park Drive and U.S. Highway 95, and at Warm Springs Road and Durango Drive. Cousins currently sells outside some Las Vegas Smith’s stores and at Fremont Street and Las Vegas Boulevard. (K.M. Cannon/Las Vegas Review-Journal)
Las Vegas home prices to continue to rise, expert says
Lawrence Yun, chief economist at the National Association of Realtors, gives homebuyers a pulse on the Las Vegas housing market. (Eli Segall/Las Vegas Review-Journal)
NV Energy announces clean energy investment
The company is planning to add six solar projects in Nevada, along with the state's first major battery energy storage capacity. Bailey Schulz/Las Vegas Review-Journal
3 Mario Batali restaurants on Las Vegas Strip to close
Days after new sexual misconduct allegations were made against celebrity chef Mario Batali, his company announced Friday that it will close its three Las Vegas restaurants July 27. Employees of Carnevino Italian Steakhouse, B&B Ristorante and Otto Enoteca e Pizzeria, all located in The Venetian and Palazzo resorts, were informed of the decision Friday morning. Bastianich is scheduled to visit the restaurants Friday to speak to employees about the next two months of operation as well as how the company plans to help them transition to new positions.
Nevada has its first cybersecurity apprenticeship program
The Learning Center education company in Las Vegas has launched the first apprenticeship program for cybersecurity in Nevada. It was approved by the State Apprenticeship Council on May 15. (K.M. Cannon/Las Vegas Review-Journal)
Las Vegas union members voting to authorize the right to strike
Thousands of Las Vegas union members voting Tuesday morning to authorize the right to strike. A “yes” vote would give the union negotiating committee the power to call a strike anytime after June 1 at the resorts that fail to reach an agreement. (Todd Prince/Las Vegas Review-Journal)
Small businesses struggle to find qualified candidates
A 2018 survey found that over two-thirds of small businesses in Nevada find it somewhat to very difficult to recruit qualified candidates. Bailey Schulz/Las Vegas Review-Journal
News Headlines
Add Event
Home Front Page Footer Listing
You May Like

You May Like