Questex has acquired and assumed management control of the NYU International Hospitality Industry Investment Conference from the NYU School of Professional Studies (NYU SPS) starting with the 2024 edition. The value of the transaction was not disclosed.
The conference joins Questex’s portfolio of hospitality events, including the International Hospitality Investment Forum (IHIF), which is currently taking place in Berlin.
The Questex Hospitality portfolio is led by Alexi Khajavi, group president hospitality, wellness and travel. The NYU International Hospitality Industry Investment Conference will become part of the Operational Real Estate division.
“Hospitality is a global industry and global investors are looking for cross-border investment opportunities, acquiring and partnering with the NYU International Hospitality Industry Investment Conference from the NYU School of Professional Studies (NYU SPS) further solidifies Questex as the global platform to inform and connect hospitality investors, operators and advisors,” said Khajavi.
For NYU, the proceeds from the agreement will help fund student scholarships at the NYU SPS Jonathan M. Tisch Center of Hospitality.
The 45th edition of the NYU International Hospitality Industry Investment Conference, will take place between June 4-6, 2023, at the New York Marriott Marquis.
Why it matters
The global hospitality industry is a $4.8 trillion market and is expected to grow by over 10 per cent annually to reach $6.8 trillion by 2026.
What they said
Paul Miller, CEO, Questex, said: “This agreement creates a powerhouse hospitality portfolio. Questex has created the unquestioned leadership position in the overall hospitality industry. We are the only event and information services company to offer a portfolio that includes hotel operations, hotel real estate investment, and other interconnected businesses such as restaurants, bars, gyms, spas, and luxury travel.”
Nicolas Graf, chaired professor and associate dean of NYU SPS Jonathan M. Tisch Center of Hospitality, said: “For years, the NYU International Hospitality Industry Investment Conference has been one of the most prestigious global industry conferences. We look forward to continuing to work with Questex on the conference to evolve, grow, and deliver unparalleled content. This agreement will help ensure the Conference is the premier hospitality finance and development forum for years to come.”