The Destination & Travel Foundation Released Findings In February 2011
Resource: Blog: DMAI Connections | By: Andrea Cates | Released: Feb 17, 2011 11:25 AM
Feb. 17, 2011 -- Just released, landmark research – substantially funded by the Destination & Travel Foundation – reveals that the U.S. meetings industry directly generates 250 million room nights and supports 1.7 million jobs, a $106 billion contribution to GDP, $263 billion in spending, $60 billion in labor revenue, $14.3 billion in federal tax revenue and $11.3 billion in state and local tax revenue.
This new study: The Economic Significance of Meetings to the U.S. Economy, released by the Convention Industry Council, provides the first-ever definitive, research-based analysis of the economic significance of face-to-face meetings in the U.S.
The research quantifies the economic contributions made by the 1.8 million meetings, trade shows, conventions, congresses, incentive events and other meetings that take place across the country. Details on the study and the 14 leading membership organizations which formed the research alliance can be found at www.MeetingsMeanBusiness.com.