Why meetings matter to the U.S. economy
This infographic, supplied by the Americas Incentive, Business Travel & Meetings Exhibition (AIBTM), aims to show that the travel sector is critical to economic growth in the U.S.
AIBTM’s exhibition director Mike Lyons says of the figures: “Despite recessionary economic periods, businesses recognise the continued importance and value of face-to-face meetings that current research shows accelerate business results and shorten the sales cycle. With every planned meeting, there’s a ‘cascade effect’ into local economies across the nation, feeding jobs, local spending, and fuelling the success of local business.”
According to the Bureau of Labor Statistics, the meetings industry is expected to grow by just under 44 percent from 2010 to 2020, an uplift of 31,300 jobs.