Las Vegas News, Sports, Business, Entertainment and Classifieds

Las Vegas Review-Journal - Business

Friday
Mar 12, 2010
Clouds And Sun
Clouds And Sun 62° Weather Forecast

RECENT EDITIONS
Sat Sun Mon Tue Wed Thu Fri

Business


The (trade) show must go on

Exhibitor 2009 attendees see recession as opportunity to seek new ways of doing business

OK, Las Vegas. Denial and anger got your local economy nowhere fast.

It's time for bargaining.


Most Popular Stories
  1. Plan to build Aqueduct Racetrack casino rejected
  2. Nevada company cited in national food recall closes
  3. Companies to bring large wind turbine plant to valley
  4. MGM Mirage announces settlement with Atlantic City regulators to sell Borgata stake
  5. Board may work to curb deals
  6. Foreclosure rates show slower growth
  7. NV Energy secures $138 million in stimulus funds
  8. Culinary Draws a Crowd
  9. Shuffle Master reverses net loss



At least that's how they see it over at Exhibitor 2009, a trade show for the beleaguered convention and trade show industry.

With Las Vegas in general and trade shows in particular bearing the brunt of a brutal recession, the event at the Mandalay Bay Convention Center is an unlikely venue for optimism.

But that was the mood Tuesday among many on the show floor, even though about 10 percent to 13 percent fewer attendees are expected compared to last year's event.

"If you don't go out and look at opportunities, they are not going to come to you," said Dee Silfies, chief learning strategist for Exhibitor Conferences, the organizer of the event. "Then competitors would have an opportunity to be in front of (your) customers, plus (you) wouldn't get any new business."

Nowhere is more attuned to the trade show and convention business than Las Vegas.

About 15 percent of the more than 30 million people who visit annually do so for a trade show, convention or some form of business. And the typical business guest contributes nearly twice as much to the local economy as the average tourist.

Silfies and several others at the show say they're well aware trade show and convention business is down by double-digit percentages.

And there is less money in the business today than during the dearly departed boom time.

Those who are still in the game, though, are finding customers to be more dedicated, suppliers more flexible and the overall cost of doing business lower.

What that means in real life for people in the industry is a conscious effort to move less freight, fewer browsers and more serious buyers at events, cheaper hotels and dramatically better service in hotels -- where they spend much of their work time.

"It is so much nicer to do business this way," she said.

Silfies, a longtime business visitor, said 2009 was the first time a Las Vegas bellhop thanked her for her business and invited her back. Also, low room rates allowed her to upgrade from Mandalay Bay to The Hotel.

Both experiences enhanced her trip.

"I don't remember that ever happening in 20 years," she said. "That happened in other cities but never happened in Las Vegas."

Elliot Kohn, chief operating officer of Kubik, a Canada-based exhibit builder, said he's spending time during the recession trying to strengthen relationships with old customers while seeking out new ones.

"I refuse to look at today's situation and see it as a negative," Kohn said. "We are being very aggressive."

One way Kohn is reaching out to customers is by helping them cut costs without sacrificing opportunity.

He's helping them create smaller trade-show booths that require less rental space on show floors and encouraging them to use low-cost electronic marketing in advance of events so they can make the most of time at the show.

Kohn said he reduced his own cost to attend the Exhibitor event by 50 percent to about $40,000 by using locally produced props to cut down on transportation costs, renting a smaller space at the convention center and through getting lower-priced hotel rooms.

"It just means you are going to be slightly smaller," he said. "There is nothing wrong with that."

Others are viewing the downturn as motivation to seek new ways of doing business.

Organizers of the show said they had more than 80 new exhibitors at the event, suggesting there are companies looking to compete for the business of folks in the trade show industry.

One of the newcomers at Exhibitor 2009 was Hooters Hotel in Las Vegas.

Sales manager Matthew Lamos said the 696-room, off-Strip property doesn't have space to compete for conventions held at major resorts.

But management decided to attend the show because attendees tend to be frequent Las Vegas business travelers who might prefer to rent a room or hold a meeting at Hooters.

Lamos said because of its size, the hotel has always had to be flexible to be competitive.

Since business started waning in Las Vegas, he said flexibility is even more important. The property has hosted weddings, military events, small high-tech meetings and after-hours parties for businesses.

"If they have a meeting, we'll take it," he said.

Hooters was the only hotel exhibiting at the event, meaning from Sunday through Thursday, the final day of Exhibitor, Lamos and his staff will have unobstructed access to an estimated 6,000 Las Vegas business travelers.

"We thought about backing out," Lamos said, adding he's glad the hotel went through with the show. "On just the first day, we got so many great leads."

Contact reporter Benjamin Spillman at bspillman@reviewjournal.com or 702-477-3861.

Newsvine Digg Fark Technorati reddit StumbleUpon del.icio.us Slashdot Propeller Mixx Furl Twitter MySpace Facebook Google Bookmarks Yahoo! Bookmarks Windows Live Favorites Ask MyStuff myAOL Favorites

Leave Your Comment 12 Reader Comments
Terms & Conditions
The following comments are provided by readers and are the sole responsiblity of the authors. The reviewjournal.com does not review comments before publication nor guarantee their accuracy. By publishing a comment here you agree to abide by the comment policy. If you see a comment that violates the policy, please notify the web editor.

Some comments may not display immediately due to an automatic filter. These comments will be reviewed within 48 hours. Please do not submit a comment more than once.
Current Word Count:

Note: Comments made by reporters and editors of the Las Vegas Review-Journal are presented with a yellow background.

Report abuse

The Man wrote on March 28, 2009 09:21 AM: A Bellman THANKED a guest?? Wow, Miracles in Vegas really do happen


Report abuse

VideoEmailProfits.com wrote on March 26, 2009 11:21 AM: "If you don't go out and look at opportunities, they are not going to come to you."

That's the key line in this entire article. Businesses still need to advertise and market themselves - and tradeshows are still the best avenue by far to get your products and services out there smartly.

http://www.VegasConventionVideos.com is out there to help companies better showcase themselves at trade shows for free.


Report abuse

Nancy Reimann wrote on March 25, 2009 02:15 PM: Our company, EXHIB-IT! Tradeshow Marketing Experts attended the EXHIBITOR show. We found the event to be a success for us and were able to access the information we need to provide our clients with the latest trends in the event industry. In spite of the economic downturn, trade show marketing remains the most successful form of business to business relationship building and generating truly qualified leads. www.exhib-it.com


Report abuse

S. Summerlin wrote on March 25, 2009 10:57 AM: d303 ... don't let the naked butts hit you on the way out... I am sure your kid is NOT tired of looking at the naked butts at all...

Go away if you don't want to make this town better...

Bad --- same with you...

Great article... a little optimism could help bring this town back real fast...


Report abuse

d303 wrote on March 25, 2009 10:37 AM: Bad is right. The truth hurts. As soon as my lease is up I'm heading back to the Rocky Mountains.....my kid is tired of lookin' at nekkid butts on the way to school at 730 am.


Report abuse

sandi masori wrote on March 25, 2009 10:25 AM: This is a great article and it's good to see that companies are optomistic. Though this year has been slower than any other, I've always figured that the down economy just means that you have to be more creative, and more flexible. I have a multi- day event coming up, and in order to strecth the budget, we are taking the decor from the first day, making small changes to it, and repurposing it for an entirely different theme the next day. Same thing for the third day. By doing this, the client is able to get an entirely different look and feel for the other two days, thereby attracting more attention to the event, but without incurring too much additional costs. This is a solution that we probably wouldn't have come up with a couple of years ago.

Balloons can be an especially useful tool in this economy, as the visibility and versatility of balloons as an attraction medium vs. cost is a win-win model. I would recommend getting the biggest space possible for your tradeshow booth, (the bigger, more open it is, the more welcoming it feels), and then using a creative cost efficient decor option like balloons to decorate the booth and attract visitors.
Though I'm based in San Diego, I'm in contact with balloon artists all over the country and would be happy to direct readers to an outstanding trade show specialist in any city. Http://www.balloonutopia.com


Report abuse

Mike Heath wrote on March 25, 2009 09:40 AM: Okay Bad, go back to work. I know its slow at the Atlantic City Chamber of Commerce these days, but there's got to something you can do besides surf the internet.


Report abuse

sam wrote on March 25, 2009 09:14 AM: Hey Bad: Obviously, your trailer finally got wired. Good for you.

You are the perfect example that freedom of speech doesn't have to involve any intelligence.


Report abuse

lk wrote on March 25, 2009 09:01 AM: Hey Bad.... Do us all a favor and take a hike!


Report abuse

Common Sense wrote on March 25, 2009 07:59 AM: "Denial and anger got your local economy nowhere fast. It's time for bargaining."


Master Blaster run Barter Town.


Read All Comments