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TheMeetingsIndustrysDirectContributionstotheU.S.Economy: 1.8Mcorporateandbusinessmeetings,tradeshows,conventions,congresses,incentiveevents andothermeetingstakeplaceintheU.S.,resultingin: $263Binspending 1.7MU.S.jobs $106BcontributiontoGDP $14.3Bfederaltaxrevenue $11.3Bstateandlocaltaxrevenue $60BinU.S.laborincome TotalEconomicOutputoftheMeetingsIndustryincludingdirectspendingandmultipliereffects (indirect/suppliersandinduced/otherattendeespending): $907BintotalU.S.economicactivity 6.3MU.S.

6.3MU.S.jobs $458BcontributiontoGDP $64Bfederaltaxrevenue $46Bstateandlocaltaxrevenue $271Binlaborincome MeetingsIndustryVolume,LodgingandAttendees: 205Mattendeesparticipateinthenations1.8Mconventions,conferences,congresses, tradeshowsandexhibitions,incentiveeventsandcorporate/businessmeetings Ofthe1.8Mmeetings,1.3Mareclassifiedascorporateorbusinessmeetings 85%ofmeetingsareconductedatvenueswithlodging The1.8Mmeetingsgenerate250Mroomnights/overnightstays Ofthe205Mattendees,117Maredomesticattendeeswhotravelmorethan50 milesorstayovernight,83Mtravellessthan50milesordonotstayovernightand 5Mareinternationaltravelers Ofthe205Mattendees,162Maredelegates,18Mareexhibitorsand25Mare others,includingeventorganizers,staff,press,etc. DirectSpendingBreakdown: Themeetingsindustrycontributes$263BindirectspendingtotheU.S.economy Ofthe$263B,$151Bismeetingplanningandproductionrelated Ofthe$263B,$113Bistravelandtourismrelated The$113Bintravelandtourismspendingis16%ofthe$708BTravel&Tourismsector intheU.S. Delegates,exhibitorsandotherattendeesspend$145Bonattendancerelated items,themajority(46%)onregistrationfees,accommodations(17%)andfoodand beverage(13%).Otherindustriessupportedincludeairtransportation(9%),retail (3%),gasoline(3%),entertainment/recreation(3%),carrental(3%)andurbantransit (1%)

StudyFindingsAtaGlance

GDPContributionsBreakdown: ThemeetingsindustrysdirectcontributionstoGDPare$106B Meetings$106billioncontributiontotheU.S.GDPisgreaterthan,forexample,auto manufacturing($78B),performingarts/spectatorsports/museums($71B)andinformation anddataprocessingservices($76B) Combineddirect,indirectandinducedeffectsofthemeetingindustrytoGDPtotal$458B EmploymentandLaborIncomeBreakdown: 1.7MU.S.jobsaredirectlysupportedbythemeetingsindustry $60BinU.S.laborincomeisdirectlygeneratedbythemeetingsindustry Directemploymentcontributedismorethan,forexample,broadcastingand telecommunications(1.3M),truckandrailtransportationindustries(1.5M)andcomputer systemsdesignandrelatedservices(1.4M) Directemploymentsupportsthemeetingsindustry(organizers,venues),aswellas tourismindustriessuchasfoodandbeverage,accommodation,transportation, recreation/entertainment,retail,travelservicesandmore Combineddirect,indirectandinducedeffectsofthemeetingindustrysupport6.3MU.S. jobs Combineddirect,indirectandinducedeffectsofthemeetingsindustryresultin$271Bin U.S.laborincome

FederalandState/LocalTaxRevenueBreakdown: $14.3Binfederaltaxrevenueisdirectlygeneratebythemeetingsindustry Combineddirect,indirectandinducedeffectsofthemeetingsindustryresultin$64Bin federaltaxrevenue $11.3Binstateandlocaltaxrevenueisdirectlygeneratedbythemeetingsindustry Combineddirect,indirectandinducedeffectsofthemeetingsindustryresultin$46Bin stateandlocaltaxrevenue