Published on Wednesday, February 12, 2014

Multi-billion dollar impact for meetings industry

The meetings industry generates around $770 billion for the US economy, according to a report by the Convention Industry Council (CIC).

The report, titled 'the Economic Significance of Meetings to the U.S. Economy 2012', shows that  in 2012, 1.83 million meetings were held in the US, up from 1.8 million in 2009, when the CIC's last study was carried out.  

Meeting attendance rose with over 225 million attending a meeting, conference or trade fair, which generated $115 billion to GDP.

Around 85% of these meetings were held at venues with on-site accommodation, producing 275 million room nights.

The CIC estimates a total economic impact of US meetings in 2012 to be $770.4 billion.

The study shows that most participants generally travel 50 miles or more to attend a meeting, spending on hotels, transportation and restaurants, which all contributed to federal, state and local tax revenues,  reaching $88 billion for the year.   

Last month the CIC re-launched the 'Meetings Mean Business' campaign to highlight the benefits of face-to-face meetings in the wake of drastic cutbacks in federal government travel spending.

Your Comments

, be the first to post a comment.
Your email:

Email other comments made to this story
Code Request a new picture 5 characters

NOTE: Comments are subject to admin approval before being posted.
Mole Poll
'Britain follows US and bans electronics from cabin baggage' Good or Bad move ?
Good 51.92 %
Bad 48.08 %

Thank you for your vote

Move scroll bar (above) left to right for more videos!

Sponsored features

It's upgrade time at

Recently, roomsXML has launched its new version of API, which brings significant upgrades to its already reliable API. By upgrading the API, clients now have the ability to search for multiple hotels of their choice in a single request. This allows them complete freedom to only search for hotels they wish to sell.