2012 Economic Significance Study - Executive Summary

The update to the Economic Significance of Meetings to the U.S. Economy, based on the 2012 calendar year, reveals that the U.S. meetings industry played a critical role in a recovering economy, supporting jobs in communities across America, creating environments that foster innovation and business success.

 All major economic indicators below showed significant increases over 2009.

ESS DIRECT IMPACTS

 

2009

2012

% increase

Meeting Participants (millions)

204.72

224.94

10.00%

Direct Spending (billions)

263.44

280.40

6.44%

Meetings Contribution to GDP (billions)

106.09

115.61

8.97%

Federal, State & Local Taxes (billions)

25.61

28.06

9.59%

Participant Spending (billions)

144.76

164.15

11.81%

Employment (millions)

1.65

1.78

8.30%

 

Click here to download the 2012 Economic Significance Study Executive Summary 

Click here to download the 2012 Economic Significance Study Infographic