Economic Impact Studies
Economic Significance of Meetings to the U.S. Economy
SITE joins 13 fellow members of the Convention Industry Council to release data on the Economic Significance of Meetings to the US Economy. An update to a 2009 study, new figures show significant increases in meeting participants, direct spending, tax contribution and job growth from 2009 to 2012.
Under the category of Incentive Meetings, over 67,000 motivational events and incentive travel programs were held in 2012 with over 9 million delegates. Compared to the 2009 study, the number of incentive programs remained constant while the number of delegates increased by almost 10%. Although incentive travel programs comprise the lowest percentage of all meeting types, the direct spend per delegate of $1,570 is the highest.