2012 Economic Significance Study - Key Findings

The Meetings Industry’s Direct Contributions to the U.S. Economy in 2012:

1.83M corporate and business meetings, trade shows, conventions, congresses, incentive events and other meetings take place in the U.S., resulting in:

  • $280B in direct spending
  • 1.78M U.S. jobs
  • $115B contribution to GDP
  • $28B in federal, state and local tax revenue
  • $66.8B in U.S. labor income

Meetings Industry Volume, Lodging and Attendees:

  • 225M attendees participate in the nation’s 1.87M conventions, conferences, congresses, trade shows and exhibitions, incentive events and corporate/business meetings
  • Of the 1.87M meetings, 1.3M are classified as corporate or business meetings
  • 85% of meetings are conducted at venues with lodging, generating more than 275M room nights
  • Of the 225M attendees, 179M are delegates, 18.5M are exhibitors and 27M are others, including event organizers, staff, press, etc.

 GDP Contributions Breakdown:

  • The meetings industry’s direct contributions to GDP are $115B
    • Meetings’ $115 billion contribution to the U.S. GDP is greater than, for example, motion picture/recording industry ($113B), performing arts/spectator sports/museums ($87B) and information and data processing services ($80B)
  • Combined direct, indirect and induced effects of the meeting industry to GDP total $393B

 Federal and State/Local Tax Revenue Breakdown:

  • $14.8B in federal tax revenue is directly generate by the meetings industry
    • Combined direct, indirect and induced effects of the meetings industry result in $50.8B in federal tax revenue
  • $13B in state and local tax revenue is directly generated by the meetings industry
    • Combined direct, indirect and induced effects of the meetings industry result in $37.8B in state and local tax revenue

  Click here for a PDF of the Study Fact Sheet