MPI FOUNDATION STORIES
United States Economic Impact Study
By MPI Foundation | Jun 8, 2021
MPI Foundation made possible important research on the meeting and events industry economic Impact. The research helped bring important data to light including Key findings from a new report show how face-to-face meetings and business events support 5.9 million jobs and hundreds of billions of dollars in annual revenue.
Data for the report was compiled through a nationwide survey of meeting planners, exhibitors and venues and represents almost 9,000 domestic business travelers, almost 50,000 international air travelers and 11,000 hotels.
The cumulative economic impact of face-to-face meetings and events is hard to deny. Results show that every dollar spent on face-to-face meetings and business events generates an additional $1.60 in benefits for the U.S. economy – a 160 percent return on investment.Author
The Meeting Professionals International (MPI) Foundation fuels the growth and advancement of MPI members by providing professional development and career opportunities through grants and scholarships. The not-for-profit organization also propels the meeting and event industry forward by funding important and quality research initiatives.