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AEG Management Leads LA Convention Center to Millions in Reserves

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.

Event Bookings Show Success of PCCA's New Business Model

Four years after it met in Philadelphia, Lightfair International will again convene at the Pennsylvania Convention Center in 2017.

Lightfair is the world’s largest annual architectural and commercial lighting trade show and conference; it first met in Philly in 2011. The event’s return signifies the effectiveness of the convention center’s new business model.

Philly Hotels Witnessed Hotel Records in June

A packed summer convention calendar likely resulted in a huge boon for Center City hotels, which saw record hotel occupancy in June.

Overall occupancy peaked at 89.4 percent—the highest monthly occupancy on record. The average daily rate also broke a record, witnessing $212.95, the highest since October 2014. The Government Finance Officers Association, the Biotechnology Industrial Organization convention and the International Society for Technology in Education convention helped grow midweek occupancy.  

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