MPI-CAC Sponsorship Benefits - Meeting Professionals ...

The Meetings Industry | Who We Are
“As the meetings, conventions, and exhibitions industry continues to evolve, the increasing
number of meetings, and the staggering amount of revenue they generate highlight the
impact our industry has on the global economy. Examination of critical industry trends will
reveal the expanding role of meeting professionals – both planners and suppliers – in this
dynamic business.
Every year more than one million meetings, conventions, and exhibitions are held within the
United States. The 2006 Meetings Market Report, conducted by the Meetings & Conventions
Magazine, reported approximately 1.25 million meetings were held in 2005 – a 25% increase
from 2004, according to the CIC Economic Impact Study.
Number of Meetings Meeting Attendance Total Expenditure
Corporate 1,020,300 79.7 million $31.8 billion
Association 210,600 37.9 million $41.8 billion
Convention 12,700 18.9 million $33.6 billion
Total 1,243,600 136.5 million $107.2 billion
This rapidly-expanding industry accounted for more than 1% of the approximately $11 trillion
US gross domestic product. Direct spending revenue of over $122 billion contributed to an
estimated $250 billion in economic impact for the US economy. The North American Industry
Classification System (NAICS) does not consider the meetings, conventions and exhibitions
sector to be its own industry – however, if it did, the industry it would rank 29th among all US
private sector industries. “
1. Meetings Market Report, 2006. Conducted by Meetings & Conventions Magazine.
2. CIC Economic Impact Study, 2004. Conducted by Veris Consulting.
3. 2007 Convention Industry Council Certified Meeting Professional Report.:
http://www.conventionindustry.org/CMP/docs/CIC%202007%20CMP%20Report.pdf
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MPI Partnership Presentation 2009-10 v 1.0
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