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InteleTravel Pronounces Acquisition of World Occasions Company MGME

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Patrick Clarke

Mega-host journey company InteleTravel has efficiently acquired the main full-service international occasions company MGME (McVeigh World Conferences & Occasions).

Coming off of final yr’s acquisition of company journey alliance Hickory World Companions, the transfer positions the Delray Seashore, Florida-based company to excel within the profitable MICE (conferences, incentives, conferences and occasions) market.

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MGME, which relies 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 nations leading to a journey and hospitality spend of over $500 million every year.

“The enterprise means Hickory, particularly, will broaden its worth proposition to members with a brand new, important income. The MGME integration will empower Hickory member company businesses and journey departments to supply their purchasers award-winning occasion manufacturing, assembly planning, convention logistical companies, and inventive growth,” InteleTravel stated in Tuesday’s press launch.

Like Hickory, MGME will proceed working as an impartial model however as an entirely owned unit of InteleTravel, which lately introduced its return to the Journey Leaders Community.

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Nonetheless, the acquisition permits MGME and its purchasers to learn from InteleTravel’s sources and scale, together with its reserving expertise and automation in addition to the lately launched Hickory Solutions365.

Collectively, the three corporations will consolidate some provide companion contracts for resort, air, automobile and cruise.

“The company and enterprise journey market has rebounded totally, and the conferences, conferences and occasions trade has been a very sturdy space of progress with analysts projecting the rising significance of enterprise networking alternatives, information sharing and worker motivation and engagement, together with the growth of tourism generally and the development of assembly applied sciences,” InteleTravel co-founder and President James R. Ferrara stated in an announcement.

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“The MICE market is predicted to double to over a trillion {dollars} by the tip of the last decade,” stated James R. Ferrara, President and co-founder of InteleTravel. “Getting behind a pacesetter like MGME is sensible whereas with the ability to signify the top of the range occasion and exhibition choices is a robust aggressive benefit for each Hickory members and InteleTravel advisors,” Ferrara added.

“The Hickory crew is thrilled to align ourselves with MGME, a full-service assembly and occasions firm,” added Hickory President Chris Dane. “It will permit our members and companions to have full entry to top-to-bottom world-class occasion planning and coordination with out having to interact with a number of distributors. With our companies, like Hickory Solutions365 for staffing air and registration overflow, MGME’s added quantity for key suppliers, and new sources of enterprise throughout, it’s a pure match and a sport changer.”

“I’m extremely excited to ally MGME’s skilled storytellers and skilled designers with InteleTravel and Hickory’s journey professionals and purchasers,” MGME CEO Carvie Gillikin acknowledged. “I understand how a lot MGME can provide their businesses, and we’re creating the subsequent 30 years of management for MGME by with the ability to broaden our journey and lodging choices for our international applications, and accessing all the opposite InteleTravel belongings, expertise and administration.”

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Following a record-breaking 2022, InteleTravel ended 2023 with practically $1 billion in gross sales and a singular community of 100,000 journey advisors.


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