EACA News
Las Vegas CBA Ratified The negotiations for the new CBA with Teamsters Local 631 in Las Vegas have concluded and the new contract has been ratified as of May 31. Kudos go to both the contractors represented by Freeman, GES and the EACA and the representatives of Local 63. The resulting agreement creates a positive work environment for our industry in Las Vegas and for the business events and corporate exhibitors who participate in them.
All EACA members should be sure to update the new wage and benefit rates for Teamsters in Local 631.
EAC Registration Schedule. EACA is supporting the following events with our EAC registration services:
- Summer Fancy Foods June 12-14 New York
- Biotechnology Conf. June 13-16 San Diego
- Black Hat Aug 8-9 Las Vegas/Mandalay Bay
- Chicago Randy Aug 1, 2022 Seven Bridges Golf Course, Woodridge, IL
- Get Out of the Gutter Aug 18, 2022 Bowlmor, Atlanta, GA
- Atlanta Randy Oct 7, 2022 Stone Mountain Golf Course, Stone Mountain, GA
EACA Member News
ECA Hosts Legislative Action Week. As the trade show and meetings industry continues its emergence from the pandemic, this year’s Exhibitions & Conferences Alliance’s (ECA) signature ECA Legislative Action Week couldn’t be a more important and urgent one for event professionals to consider attending.
Set for June 6-10, the week-long virtual event will converge face-to-face business events industry advocates to meet with their members of Congress about the vital role that exhibitions and conferences play in helping communities across the U.S. recover from the devastating economic and employment impacts of the COVID-19 pandemic, according to ECA officials.
CCC is EACA’s Newest Affinity Partner. EACA recently signed an agreement with Commercial Collection Corp. of NY(CCC) to provide discounted collection services to our members. Not only will CCC provide collection services to EACA members but they will also provide credit check services to members on new or existing accounts. Best of all, the main contact at CCC is well known to many members who have worked with Lisa Puckett in the past. If you have an account that you’d like to check on their credit worthiness, or if you have a collection you’d like to place with CCC you can reach Lisa by email at [email protected].
Industry News
ExhibitorLive to move to Lousiville in 2023. Exhibitor Media Group, the world’s leading provider of specialized skills and knowledge to trade show marketers, is excited to announce EXHIBITORLIVE, America’s premier conference and exhibition for trade show and corporate event professionals, will relocate to Louisville, Kentucky in 2023.
EXHIBITORLIVE will be held April 23-27, 2023, at the Kentucky International Convention Center (KICC), in Louisville, KY.
ExhibitorLive 2022 at Mandalay Bay: Countdown on for June. <Exhibit City News> EXHIBITORLIVE has been an ongoing industry tradeshow for decades. It’s considered one of the biggest shows of the year among those in the industry, and it continues to thrive. Its 2022 launch announcement provides many reasons for industry professionals to be optimistic, but also raises a lot of questions due to its out-of-rotation dates. EXHIBITORLIVE takes place June 20-23, at the Mandalay Bay Convention Center in Las Vegas, which is a change from its traditional date.
John Pavek, chief marketing officer of Exhibitor Media Group is optimistic about the upcoming event. “We’re excited to bring the industry together again and celebrate and facilitate the return of live events,” he says. “This year’s event will again present the largest exhibition of tradeshow and event products and services in North America with three full-days of exclusive exhibit hall hours that feature no overlap with educational sessions.”
Central States Application for Relief Funds <Will Daniels, Laner Muchin> The following announcement was recently made by the Central States Pension Fund regarding its application for the billions of dollars earmarked to it under the SFA. Despite what you may hear from any Teamster local union, the Fund has NOT yet received any SFA money. The application was just submitted. The PBGC has up to 120 days to review the Fund’s application. In doing so, the PBGC may require the Fund to withdraw its initial application and resubmit (the PBGC has required this from about 50% of the applicants so far). The Fund anticipates a decision from the PBGC in August of this year and to receive the money in November of this year (but these dates could be later depending on whether the PBGC requires a reapplication).
I also note in the announcement that the Fund anticipates being solvent until 2051 if it receives the Funds. However, even if the Fund receives the billions promised, it is not projecting that it will emerge from critical status or even remain solvent after 2051. Finally, uncertainty still exists on how receipt of this money will affect contributing employers. It could potentially reduce withdrawal liability, though we expect there will be restrictions placed on employers withdrawing from the Fund after SFA funds are awarded. This will not likely reduce the contribution rate to the Fund.
US Airline Bookings Drop As Flights Get More Expensive <CNBC> U.S. airline bookings dropped 17% in April, according to a report from Adobe published recently, one of the first signs of cooling demand for air travel as ticket prices surpass pre-pandemic levels. Consumers spent $7.8 billion on domestic tickets in April, down 13% from the previous month, according to the report.
Air travel has been resilient in recent months despite the highest inflation since the early 1980s. Prices on everything from gasoline to groceries to travel have shot up. The new data suggests consumers are starting to back off buying tickets.