Mega-host journey company InteleTravel has efficiently acquired main full-service international occasions company MGME (McVeigh World Conferences & Occasions).
Following final yr’s acquisition of company journey alliance Hickory World Companions, the transfer positions the Delray Seaside, Florida-based company to excel within the profitable MICE (conferences, incentives, conferences and occasions) market.
Headquartered in New York, London and Canada, MGME produces as much as 1,000 occasions and conferences yearly—whether or not in-person, digital or hybrid—in additional than 70 nations, leading to over $500 million in journey and hospitality spending every year.
“This enterprise signifies that Hickory will particularly lengthen its worth proposition to members with a brand new, vital income. MGME’s integration will empower Hickory’s member company businesses and journey departments to supply their purchasers award-winning occasion manufacturing, assembly planning, convention logistics providers and inventive growth,” InteleTravel stated in a Tuesday press launch.
Like Hickory, MGME will proceed to function as an unbiased model, however as a completely owned unit of InteleTravel, which just lately introduced its return to the Journey Leaders Community.
Nonetheless, the acquisition permits MGME and its purchasers to leverage the assets and scale of InteleTravel, together with its reservation expertise and automation, in addition to the just lately launched Hickory Solutions365.
Collectively, the three firms will consolidate some partnership provide contracts for resorts, plane, vehicles and cruises.
“The company and enterprise journey market has totally recovered and the conferences, conferences and occasions trade is a very sturdy progress space with analysts predicting the rising significance of enterprise networking alternatives, data sharing and worker motivation and engagement, together with the enlargement of tourism generally and advances in assembly applied sciences ” InteleTravel co-founder and president James R. Ferrara stated in an announcement.
“The MICE market is projected to double to greater than a trillion {dollars} by the tip of the last decade,” stated James R. Ferrara, president and co-founder of InteleTravel. “Being behind a pacesetter like MGME is sensible whereas having the ability to current a premium providing of occasions and exhibitions is a powerful aggressive benefit for each Hickory members and InteleTravel advisors,” added Ferrara.
“The Hickory crew is thrilled to be related to MGME, a full-service conferences and occasions firm,” added Hickory President Chris Dane. “This may give our members and companions full entry to top-to-bottom world-class occasion planning and coordination with out the necessity to work with a number of distributors. With our providers, equivalent to Hickory Solutions365 for staffing and registration overflow, MGME’s further quantity for key suppliers and new sources of enterprise in all places, it is a pure match and a sport changer.”
“I’m extremely excited to carry MGME’s skilled storytellers and skilled designers along with InteleTravel and Hickory’s journey professionals and purchasers,” stated MGME CEO Carvie Gillikin. “I understand how a lot MGME can provide its businesses, and we’re creating the subsequent 30 years of management for MGME by having the ability to develop our journey and lodging choices for our international applications and gaining access to all different InteleTravel belongings, expertise and administration.”
After a record-breaking 2022, InteleTravel ended 2023 with almost $1 billion in gross sales and a novel community of 100,000 journey advisors.
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