Economic Significance of Meetings to the U.S. Economy

In collaboration with OE logo

The Events Industry Council is pleased to present the 2016 Economic Significance Study, completed by our research partner, Oxford Economics. This study quantifies the economic contributions made by meetings, trade shows, conventions, congresses, incentive events and other meetings that take place throughout the United States.  Among other things, the updated Economic Significance Study shows that in 2016, meetings supported a total economic impact of:

  • $845 billion of output (business sales)
  • 5.9 million jobs with $249 billion of labor income
  • $446 billion of GDP (representing contribution to US gross domestic product)
  • $104 billion of federal, state and local taxes

Click here to download the full report.​​

Download the fact sheet here.

Download the press release here.

The meetings sector supported more direct jobs than many large manufacturing sectors, including machinery, food, auto, and chemicals. It sustained more jobs than the telecommunications and oil and gas extraction industries as well.

Meetings also generated $325 billion of direct spending, including:

  • $167 billion to plan and produce meetings;
  • $120 billion for meetings travel; and,
  • $38 billion of other direct spending, such as spending by exhibitors.

Thank you to everyone who has contributed to support this important study:

Partners

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Sustaining Members

Supporters

Events Industry Council Members ​

  • AMC Institute
  • American Hotel & Lodging Association
  • ASAE & The Center for Association Leadership
  • Association of Collegiate Conference and Events Directors Interntaional
  • Association of Destination Management Executives International
  • Convention Sales Professionals International
  • Corporate Event Marketing Association
  • Destination Marketing Association International
  • Event Service Professionals Association
  • Exhibition Services & Contractors Association
  • Federación de Entidades Organizadoras de Congresos y Afines de America Latina
  • Financial & Insurance Conference Professionals
  • Hospitality Sales & Marketing Association International
  • IACC
  • Incentive Research Foundation
  • International Association of Exhibitions and Events 
  • International Association of Professional Congress Organisers
  • International Association of Speakers Bureaus
  • International Association of Venue Managers 
  • International Congress and Convention Association
  • International Live Events Association
  • Meeting Professionals International
  • National Association for Catering and Events 
  • National Coalition of Black Meeting Planners
  • National Speakers Association
  • Professional Convention Management Association
  • Religious Conference Management Association
  • Society for Incentive Travel Excellence
  • Society of Government Meeting Professionals 
  • Society of Independent Show Organizaers
  • South African Association for the Conference Industry
  • US Travel Association