Increase in Citywide Conventions in 2016 to Generate Significant Revenue for Los Angeles Convention Center and City of Los Angeles
Apr 19, 2016
LOS ANGELES, CA (April 19, 2016) – The Los Angeles Convention Center (LACC), professionally managed by AEG Facilities, reported a successful first quarter of 2016, with numerous highly attended Citywide Conventions and an overall increase of over 30% in Citywide Conventions booked for Calendar Year (CY) 2016 compared to the prior year.
Citywide Conventions held thus far include the Mary Kay Annual Leadership Conference, American Heart Association’s International Stroke Conference, the Association of Writers and Writing Programs Annual Conference, and WonderCon among others. The Los Angeles Tourism and Convention Board (LATCB) projects that total Citywide Convention attendance will rise by 22% in 2016, which is critical for stimulating L.A.’s economy. Convention attendees generate significant income and tax revenues for the City through direct and indirect spending on travel, lodging, meals, and entertainment, which in turn sustains thousands of local jobs and supports the economy.
“Upon assuming management of the LACC, one of our primary goals was to develop a synergistic partnership between the LATCB and AEG sales teams. This partnership continues to evolve as the teams work in tandem to develop business for the Convention Center while driving revenue to the City of Los Angeles; we are seeing these results materialize in 2016 and are anticipating a 38% (over $2 million dollars) increase in rental revenue from Citywide Conventions this year,” commented Brad Gessner, AEG Facilities Senior Vice President and General Manager for the Los Angeles Convention Center.
The LACC’s ideal positioning as part of AEG’s LA Live campus in the heart of booming Downtown Los Angeles lends the facility and surrounding City to being better equipped than ever before to welcome large-scale events.
“Our goal is to attract the industry’s top events to Los Angeles and propel the LACC to consistently being recognized as a leading destination for meetings, conventions, and events. We’re very pleased with the 26% projected Economic Impact growth from Citywide Conventions in 2016 and we look forward to a very busy and rewarding year for the City and the LACC,” noted Ernest Wooden Jr., President and CEO of the Los Angeles Tourism and Convention Board (LATCB).
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About the Los Angeles Convention Center
The Los Angeles Convention Center (LACC) is renowned internationally as a prime site for conventions, trade shows, and exhibitions. Professionally managed by AEG Facilities, the LACC attracts over 2.5 million visitors annually. The facility is an integral economic component to the Southern California area; based on historical averages the total economic impact based on direct and indirect spending is $360 million annually, generating and sustaining over 3,900 local jobs. The LACC also remains an enduring symbol of environmental sustainability and social responsibility, and is proud to be a LEED® Gold certified facility; the venue was recertified on the Gold level in 2015 making the LACC the largest convention center in the U.S. to receive LEED® EB:O+M Gold recertification! For more information, please visit lacclink.com.
About AEG Facilities
AEG, a wholly owned subsidiary of the Anschutz Corporation, is the leading sports, entertainment and venue operator in the world. AEG Facilities, a stand-alone affiliate of AEG, owns, operates or consults with more than 100 of the industry’s preeminent venues worldwide, across five continents, providing complete venue management, as well as specialized programs in operations, guest services, ticketing, booking, sales and marketing. AEG Facilities also provides resources and access to other AEG-affiliated entities, including live event producer, AEG Live, AEG Global Partnerships, AEG Development, AEG 1Earth, AEG Encore and AEG Creative to support the success of AEG venues across the globe. The Los Angeles-based organization owns, operates or provides services to the world’s most elite venues, including KFC Yum! Center (Louisville, Ky.), STAPLES Center (Los Angeles, Calif.), StubHub Center (Carson, Calif.), Microsoft Theater (Los Angeles, Calif.), Los Angeles Convention Center (Los Angeles, Calif.), Sprint Center (Kansas City, Mo.), AmericanAirlines Arena (Miami, Fla.), Prudential Center (Newark, N.J.), Target Center (Minneapolis, Minn.), BBVA Compass Stadium (Houston, Texas), Oracle Arena and O.co Coliseum (Oakland, Calif.), CONSOL Energy Center (Pittsburgh, Penn.), Valley View Casino Center (San Diego, CA), Rabobank Arena (Bakersfield, Calif.), Mercedes-Benz Arena (Shanghai, China), MasterCard Center (Beijing, China), The O2 Arena (London, England), AccorHotels Arena (Paris, France), Mercedes-Benz Arena (Berlin, Germany), Barclaycard Arena (Hamburg, Germany), Ahoy Arena (Rotterdam, Netherlands), Itaipava Arena Pernambuco (Recife, Brazil), Allianz Parque (Sao Paulo, Brazil), Allphones Arena (Sydney, Australia), Ülker Sports Arena (Istanbul, Turkey), Ericsson Globe Arena (Stockholm, Sweden) and the Oman Convention and Exhibition Center (Muscat, Oman). For more information, please visit aegworldwide.com.