PCMA (Professional Convention Management Association) announced strong financial growth and record revenue numbers at the final press conference held during its annual Convening Leaders conference, which took place January 7-10, 2018 at the Music City Center in Nashville, Tennessee.
The association reports that its membership has grown to include 7,000 business event strategists globally. In addition, it hosted a record-breaking 4,500 members and event professionals at Convening Leaders 2018.
Financially, PCMA’s revenues have also shown record increases to $19 million USD (from $6 million USD in 2006) with partnership activity contributing $6.5 million USD in 2017. Its revenue streams and brands now include Convening Leaders, ICESAP, the Digital Experience Institute and Convene magazine.
The growth of PCMA has been supported by the PCMA Education Foundation, which has also announced record numbers this week, raising $1.83 million USD from a range of activities during 2017 with $493,000 USD being awarded in scholarships and grants during the same year.
This record success has grown under Deborah Sexton’s leadership as CEO, a position she has held since 2005. In a recently announced move, Sexton is leaving PCMA and the association’s current COO, Sherrif Karamat, will take over as president and CEO. Karamat has worked with Sexton since 2005 and originally joined the organization as vice-president of sales in 2003. He became COO in 2008. He officially begins his new role as president and CEO of PCMA on January 19, 2018.