Mega-host journey company InteleTravel has efficiently acquired the main full-service world occasions company MGME (McVeigh Global Meetings & Events).
Coming off of final yr’s acquisition of company journey alliance Hickory Global Partners, the transfer positions the Delray Beach, Florida-based company to excel within the profitable MICE (conferences, incentives, conferences and occasions) market.
MGME, which is predicated out of New York, London and Canada, produces as much as 1,000 occasions and conferences yearly—whether or not in-person, digital or hybrid—throughout greater than 70 international locations leading to a journey and hospitality spend of over $500 million every year.
“The venture means Hickory, in particular, will expand its value proposition to members with a new, significant source of revenue. The MGME integration will empower Hickory member corporate agencies and travel departments to offer their clients award-winning event production, meeting planning, conference logistical services, and creative development,” InteleTravel mentioned in Tuesday’s press launch.
Like Hickory, MGME will proceed working as an unbiased model however as an entirely owned unit of InteleTravel, which lately introduced its return to the Travel Leaders Network.
However, the acquisition permits MGME and its shoppers to learn from InteleTravel’s sources and scale, together with its reserving know-how and automation in addition to the lately launched Hickory Solutions365.
Together, the three firms will consolidate some provide companion contracts for resort, air, automobile and cruise.
“The corporate and business travel market has rebounded fully, and the meetings, conferences and events industry has been a particularly strong area of growth with analysts projecting the rising importance of business networking opportunities, knowledge sharing and employee motivation and engagement, along with the expansion of tourism in general and the advancement of meeting technologies,” InteleTravel co-founder and President James R. Ferrara mentioned in an announcement.
“The MICE market is predicted to double to over a trillion dollars by the end of the decade,” said James R. Ferrara, President and co-founder of InteleTravel. “Getting behind a leader like MGME makes sense while being able to represent the top quality event and exhibition offerings is a strong competitive advantage for both Hickory members and InteleTravel advisors,” Ferrara added.
“The Hickory team is thrilled to align ourselves with MGME, a full-service meeting and events company,” added Hickory President Chris Dane. “This will allow our members and partners to have full access to top-to-bottom world-class event planning and coordination without having to engage with multiple vendors. With our services, like Hickory Solutions365 for staffing air and registration overflow, MGME’s added volume for key suppliers, and new sources of business all around, it’s a natural fit and a game changer.”
“I am incredibly excited to ally MGME’s professional storytellers and experienced designers with InteleTravel and Hickory’s travel professionals and clients,” MGME CEO Carvie Gillikin acknowledged. “I know how much MGME can offer their agencies, and we are creating the next 30 years of leadership for MGME by being able to expand our travel and accommodations offerings for our global programs, and having access to all the other InteleTravel assets, technology and management.”
Following a record-breaking 2022, InteleTravel ended 2023 with practically $1 billion in gross sales and a singular community of 100,000 journey advisors.
For the most recent journey information, updates and offers, subscribe to the each day TravelPulse publication.
Topics From This Article to Explore