This Just In
  • Messe Frankfurt acquired the Thailand Lighting Fair and Thailand Building Fair. Messe has been with the shows since they launched in 2015.
  • JW Marriott will open the 4,000-room Drew Las Vegas in 2020 at the site of the stalled Fontainebleau hotel project on Las Vegas Blvd.
  • Denver OK’d contracts for a $233-million expansion featuring an 80,000-sf rooftop ballroom and terrace at the Colorado Convention Center.
  • The latest numbers rank NAMM’s 2018 show the largest in its 117-year history with more than 115,000 attendees and nearly 2,000 exhibitors.
  • The deadline for nominations for Trade Show Executive’s Trailblazers Awards has been extended to March 16. Got to TSE Events for info.
  • International Assoc. of Amusement Parks and Attractions President and CEO Paul Noland has resigned. CFO Hal McEvoy steps in temporarily.
  • The Aria Resort & Casino $170-million expansion in Las Vegas adds 200,000 sf of flex meeting space, raising total space to 500,000 sf.
  • Gary Musich announced his retirement as Vice President of Sales for Meet AC effective March 2 after 25 years representing Atlantic City.
  • The San Diego Convention Center named ON Site, a GES company, its exclusive sound and rigging vendor and preferred audio visual provider.
  • Board members of UK-based UBM have accepted an offer from Informa for a reported 3.8 billion pounds ($5.3 billion).

GES Delivers In-Line Results Against Third-Quarter Revenue Decline

Sandi Cain
, News Editor
October 27, 2017
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Phoenix — Viad Corp., parent company of Las Vegas-based GES, this week reported third quarter revenue of $339.1 million, an 11.3% year-over-year decrease. GES revenue of $232.1 million was down 19.1% year-over-year, which was mostly attributed to negative show rotation for GES, which provides general contracting services to some trade shows that are not held annually. 

This year, the third quarter also was impacted by one event that changed venues, reducing the need for services previously anticipated. When adjusted to exclude the relocated event, U.S.-based same-show growth was 4.2% for the third quarter. In addition, the first-quarter acquisition of the Poken event visitor engagement technology in March helped contribute to additional revenue of $13.1 million. 

GES delivered year-over-year revenue growth of 7.6% and a 90 basis point improvement in adjusted EBITDA during the first nine months of 2017. 

Viad President and CEO Steve Moster — who also is President of GES — said the GES results were in line with expectations. “Overall, 2017 is shaping up to be a strong year of profitable growth for Viad and continued progress against our strategic goals,” Moster said in a release announcing the third-quarter results. 

Moster cited GES’s acquisition of ON Services and Poken as positives for the company, contributing revenue of $19.2 million during the third quarter of 2017 compared to $10.4 million from a partial quarter with ON Services in the third quarter of 2016.

Reach Steve Moster at (602) 207-1010 or smoster@ges.com

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