How Does the Meetings Industry Spend Money?
By: Convention Industry Council
Date: February 12, 2011

Those of us in the meeting business won’t be very surprised by the numbers from a study titled The Economic Significance of Meetings to the U.S. Economy, released by the Convention Industry Council. The study showed that U.S. meetings directly support 1.7 million jobs, a $106 billion contribution to the Gross Domestic Product (GDP).   Meetings account for $263 billion in spending. You’re probably interested in how that money was spent. Survey said:


The top 10 ways that money was spent:

  1. Meeting Planning and Production: $109 billion
  2. Accommodations: $34.9 billion
  3. Food and beverage: $26.4 billion
  4. Air transportation: $17.8 billion
  5. Venue rental: $10.6 billion
  6. Retail: $7.2 billion
  7. Gasoline: $6.6 billion
  8. Recreation and entertainment: $6.2 billion
  9. Car rental: $5.5 billion
  10. Travel services/other tourism commodities: $3.4 billion

 Find the full report here: www.MeetingsMeanBusiness.com.

 

Categories: event, meeting planning, economy, Convention Industry Council, CIC
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