Economic Significance of Meetings to the US Economy

The Convention Industry Council released a new study in February 2011:   “The Economic Significance of Meetings to the U.S. Economy”.  The study, conducted by PricewaterhouseCoopers LLP, included the input and effort by tourism industry researchers to place focus on the economic impact of the meetings industry. “The research quantifies the economic contributions made by the 1.8 million meetings, trade shows, conventions, congresses, incentive events and other meetings that take place across the country.”

Findings of the study calculated the economic impact as follows:
1.8 million meetings of all types
1.7 million US jobs
250 million room nights
$11.3 billion in state and local tax revenue
$106 billion to the gross domestic product
$263 billion in meeting attendee expenditures


Source:   “Economic Significance of Meetings to the US Economy”
 (22 March 2011)

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