• AEG Management Leads LA Convention Center to Millions in Reserves

     
    POSTED January 22, 2017
     

Celebrating three years with the Los Angeles Convention Center on Dec. 20, AEG Management is celebrating another achievement of leading the convention center to $6.1 million in reserves and annual operating surplus. This ended in a record-breaking financial result for the LACC along with many other improvements since the partnership began in 2013.

Since the management change, the LACC increased operating profits each year and surpassing its initial goal of $2.1 million in the first five years in only three years with $6.1 million instead.

 “The financial accomplishments of the Los Angeles Convention Center in these past three years are testament to an effective and efficient public/private partnership,” says Bud Ovrom, Executive Director of the Los Angeles Department of Convention & Tourism Development.  “Revenues are up, expenditures are down and we have turned a profit every year. This is a partnership that is flourishing and we have the stats to prove it.”

On another note, the center’s sales and marketing pitch is changing. They launched their brand through a new website, which has helped increase event bookings. The LACC has been gaining more attention with bigger events, which is making a big impact on the City of Los Angeles itself.

“The relationships between Los Angeles Department of Convention & Tourism Development, AEG Facilities and the Los Angeles Tourism and Convention Board have never been better,” says Jon F. Vein, President, Board of Los Angeles Convention & Tourism Development Commissioners.  “We have worked collaboratively in marketing and sales and after three years have seen our efforts result in increases in Citywide Convention bookings that drive material revenue/economic impact to the City of Los Angeles.”

The Los Angeles Convention Center (LACC), which is a LEED® Gold certified facility, marked Earth Day 2022 by announcing a ban on single-use plastic bottles throughout the facility.  

Levy Restaurants, the LACC’s exclusive food and beverage partner, has replaced single-use plastic bottles with aluminum bottles in cafés and catering operations. Beverages sold in the Center’s vending machines have followed suit.

 

Sustainability doesn’t always have to be hard for hotels. It can sometimes be soft. And we mean that literally. When the Best Western Avita Suites wanted to find homes for 200 of their gently used pillows and cases they were replacing, they reached out to Discover Torrance for assistance.

 

This year’s Oscars broke new ground, and, no, we’re not talking about the slap heard round the world. Some six months after it opened in September 2021, the Academy of Motion Pictures hosted the inaugural Oscars Night at the Museum. More than 1,000 guests attended the sold-out Oscars viewing part, beginning with a walk down the red carpet in their own version of pre-show glamour.