economic impact

MTCC Hosting Multiple Citywide Medical Conventions in 2018

The Metro Toronto Convention Centre is hosting seven citywide medical conventions in 2018, three of which took place in June. Collectively, they will generate some $55 million in economic impact for the city. "Toronto has the largest life sciences sector across Canada, employing 36,000 people from biotechnology to pharmaceuticals," said Tara Gordon, vice-president, Sales & Service, Business … Read More about MTCC Hosting Multiple Citywide Medical Conventions in 2018

2017/18 Boom Year for Quebec City Convention Centre

Events held at the Québec City Convention Centre in 2017-2018 generated $101 million of economic impact for the area, a 10 per cent increase over the previous fiscal year. The centre, which is the largest meeting space in the Québec City area, hosted 170 events and 205,000 conference-goers in 2017/18. The year's meetings included 56 conferences, 18 of them international. The centre's overall … Read More about 2017/18 Boom Year for Quebec City Convention Centre

Record Year for MTCC Boosts Toronto’s Economy

The Metro Toronto Convention Centre (MTCC) boosted Toronto's economy by generating a record-breaking $594 million in direct economic impact during its 2017/2018 fiscal year—the biggest contribution to Toronto in the facility's history. “The excellent financial results of fiscal year 2017/18 stand as an incredible achievement for our Centre. We are certainly proud of our success and how it … Read More about Record Year for MTCC Boosts Toronto’s Economy

New Data on Economic Impact of U.S. Events Released

Face-to-face meetings and events are playing an integral role in bolstering the U.S. economy and key business sectors, according to a new report from Oxford Economics, commissioned by the Events Industry Council (EIC) and supported by the Meetings mean Business Coalition and other industry partners. Data for the report was compiled through a nationwide survey of meeting planners, exhibitors and … Read More about New Data on Economic Impact of U.S. Events Released

Montreal and Quebec Benefiting from Aerospace Events

The Palais des congrés de Montréal reports that it has hosted 16 national, regional and international aerospace events, which have brought in $34.4 million in tourism revenues for Montréal and Québec. The events attracted 18,500 delegates, which translated into 38,500 room nights. "We have every intention of continuing to encourage the holding of major international meetings related to key … Read More about Montreal and Quebec Benefiting from Aerospace Events

Convention Attendance Powers Las Vegas Visitor Growth

Convention attendance powered Las Vegas's visitor growth last year. Overall visitor attendance was a record 42.3 million, up 2.9% over 2014, while convention attendance rose 13.4% in 2015, according to a Las Vegas Convention and Visitors Authority (LVCVA) commissioned Economic Impact Study by Applied Analysis. The report also shows that the convention industry continues to be valued for its … Read More about Convention Attendance Powers Las Vegas Visitor Growth

ATTENTION PLANNERS: Link to Survey for New Economic Impact Study Now Open

The Business Events Industry Coalition of Canada (BEICC) has released the link to the Canadian Economic Impact Study Survey. The primary purpose of the Canadian Economic Impact Study (CEIS) is to report on business events activity and to convey its economic contribution to the Canadian economy. The study also goes a step further by capturing and reporting on business events activity at the … Read More about ATTENTION PLANNERS: Link to Survey for New Economic Impact Study Now Open

Las Vegas Convention Segment Sees Double Digit Growth

Convention attendance significantly contributed to Las Vegas having a record number of visitors  in 2015. According to a Las Vegas Convention and Visitors Authority (LVCVA) commissioned Economic Impact Study by Applied Analysis, it increased 13.4 per cent over 2014. The report also shows that the segment continues to be valued for its positive impact on average daily room rates and helping … Read More about Las Vegas Convention Segment Sees Double Digit Growth

Palais des congrès de Montréal Increases Bookings

The Société du Palais des congrès de Montréal confirms that it booked six international conventions, three national conventions and several major tradeshows in the quarter ending December 31, 2015. These events represent a combined increase of 23 per cent in event bookings over the same period last year. The conventions were secured with the collaboration of Tourisme Montréal. The quarter also … Read More about Palais des congrès de Montréal Increases Bookings

LVCVA Gets Approval to Purchase Riviera Site

The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors has voted to approve a contract for the purchase of the historic Riviera Hotel & Casino's 26-acre site as the cornerstone for its planned Las Vegas Global Business District. Under the agreement, the LVCVA will purchase the site for a total of $182.5 million. "Today marks an exciting new milestone in Las Vegas' long … Read More about LVCVA Gets Approval to Purchase Riviera Site

CIC Previews New Economic Impact Figures

The Convention Industry Council (CIC) released top-line data from its soon-to-be-released  2014 Economic Significance of Meetings to the US during the Meetings Mean Business Press Conference, which was held Tuesday, January 14th at the PCMA Convening Leaders event in Boston. The full report, finalized later this month, is an update to the original Economic Significance Study (ESS) published in … Read More about CIC Previews New Economic Impact Figures

Meetings Mean Business Campaign Launched

Meetings Mean Business, a campaign to showcase the substantial value derived from business events, was unveiled Tuesday at the Professional Convention Management Association's (PCMA) Convening Leaders conference in Boston, MA. "The launch of this industry-wide campaign is an exciting moment as diverse voices from across our industry unite behind a powerful, singular message to communicate the … Read More about Meetings Mean Business Campaign Launched

New Economic Impact Survey in Field

MPI Foundation Canada's Canadian Economic Impact Study 3.0 (CEIS 3.0) survey is now in the field. The survey is part of a year-long study measuring the impact of meetings activity on Canada's economy. It is a continuation of the reporting published in the Canadian Economic Impact Study released in 2008 and updated in 2009. According to Rita Plaskett, project chairman, the goal of CEIS 3.0 is to … Read More about New Economic Impact Survey in Field

Global Events, Local Implications

Recently, the world has been turned upside down: Revolutions in Egypt, Libya, Tunisia and now a catastrophic earthquake and tsunami in Japan, to say nothing of the threat of damaged nuclear reactors spreading radiation. So does this affect us in the meetings and incentive travel worlds? In every single way. Let’s look at suppliers we all use: The cost of filling up at the gas station has gone up … Read More about Global Events, Local Implications

Improve, Adapt or Fail

Venue rates are rising, space is getting harder to find, planner positions are actually being advertised. All is right with the world. But if you really examine what is happening, the past 18 months have wrought some significant paradigm shifts that I think are here to stay. Now that the C-suite has seen the economic benefits of supplier competition and the savings that can result from … Read More about Improve, Adapt or Fail

Reflections on 2010

Reflecting on the past year, I feel safe in saying that we survived the recession somewhat intact and have started to see both business and industry employment increase. Last January, I made 10 industry predictions – let’s see how I did, in reverse order: 10) MORE EVENTS in 2010 – Yes, thank goodness! 9) RFPs ARE THE NEW NORM – We saw that even some long-term clients adopted an RFP process to … Read More about Reflections on 2010

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