Powerful impact of US meeting business
The US’s meeting and convention business is a 365-day-a-year enterprise that last year generated $122.3 billion in direct spending, making it the 29th largest national product.
The Convention Industry Council (CIC) recently released those figures that showed the business generates more than 36% of the hotel industry’s operating revenues. Convention attendees also accounted for nearly 17% of the airlines’ income.
Association-sponsored events accounted for two-thirds or more than $81 billion of the direct spending industry total.
Corporate and incentive travel accounted for the remaining one third, or more than $40 billion.
“With this study, CIC hopes to increase public awareness of this vital economic engine,” said Mary E. Power, CEO of the CIC.
Report by David Wilkening
David
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Phocuswright reveals the world's largest travel markets in volume in 2025
Strike action set to cause travel chaos at Brussels airports