Las Vegas Market posts 25% increase in attendance
The Winter 2023 Las Vegas Market experienced a 25% year-over-year increase in attendance with a wealth of new introductions throughout the market’s 1,000 gift, home décor and furniture permanent showrooms and temporary exhibits, International Market Centers (IMC) reports.
The event took place Jan. 29- Feb. 2, at World Market Center Las Vegas.
“The unbridled optimism of buyers and suppliers at Las Vegas Market was reminiscent of pre-pandemic market conditions and is a great indicator of our industry’s future,” said Bob Maricich, CEO of IMC. “Business was brisk and new relationships forged as the right buyers and the right sellers came together to kick off 2023 on a very positive note.”
Las Vegas Market’s 25% percent year-over-year attendance growth was driven by an influx of new buyers, the return of many for the first time since the pandemic and a strong fourth quarter, IMC reports. It attracted attendees from all 50 states and 68 countries.
Some 33% of attendees were new to Las Vegas Market, with 12% returning for their first market since the beginning of the pandemic. International attendance in winter 2023 was up by 107%, IMC says, with the largest gains in Canadian attendance at a 350% increase. Domestically, traffic was up across all regions with the most gains in the Northeast at 73%, the Pacific Northwest at 25% and Midwest at 16%. The return to more normal conditions in California drove a 29% increase in attendees. A post-holiday surge of optimism was evident in Las Vegas Market’s registration pattern with 56% of attendees registering after January 1, 2023.
Las Vegas Market experienced an 18% increase in home décor attendance, 11% increase in gift, a 50% increase in furniture buyers and 40% increase in interior designers. Additionally, collaboration with concurrent trade shows in Las Vegas expanded the market’s reach with hundreds of cross-market visitors taking advantage of additional complementary sourcing opportunities.
In addition to sourcing, retailer and designers attended more than 40 seminars, events and celebrations over four days of market. The World Market Center Las Vegas Courtyard was the hub of market activities, decked out in an “Apres Market,” ski-chalet-inspired style offering opportunities for attendees to gather over fire pits and warm refreshments.
The event also featured 600-plus permanent showrooms and nearly 400 temporary exhibits.