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January 11, 2018

Events Industry Council to Release Report on U.S. Economic Impact of Meetings

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The U.S. meetings industry continued to grow in 2016, according to preliminary data from the Events Industry Council’s Meetings Significance Survey

In 2016, there were 1.9 million meetings nationwide, according to the report, including more than 250 million participants. That represents 10 percent growth relative to 2012. Those meetings generated $330 billion in direct spending (or business sales), up from $280 billion in 2012. There were more than six million international participants, who generated spending in the U.S. of $18.3 billion. 

All told, the direct spending supported by meetings was greater than the sales of businesses in the air, rail and water transportation sectors combined. It was also greater than the output of businesses in the arts, entertainment and recreation sector. 

The full survey results are scheduled for release in February. The full report includes data from Oxford Economics, Longwoods International, the National Travel and Tourism Office and STR. Reponses represent 1,300 planners, venues and exhibitors; 9,000 domestic business travelers; 50,000 international travelers; and 11,000 hotels.

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