News
CMR® Provides Funding for CEIR Study
As one of the Exhibition Industry Foundation’s newest partners, Convention Management Resources has joined in the effort to support the most recent Center for Exhibition Industry Research (CEIR) announcement study. The study seeks to understand the broad economic impact of non-participation by international visitors to the U.S. due to visa issues.
“CMR understands the importance and value of the international audience as it relates to the domestic exhibitions and events industry. Making the decision to support this initiative was an easy one. At CMR, we take great pride in the fact that we can support the growth and advancement of our industry through global cooperation and partnerships.”
– Dave Goetz, CMR®, Co-Founder & President
With input from CEIR, Oxford Economics and Synovate, a global market research firm, designed and fielded a survey of B2B exhibition organizers for 200 US-based exhibitions. A total of 41 responses were received, representing 47 large events and 1.3 million attendees.
This important study concludes that the US exhibition industry would generate an additional $2.6 billion in business sales, with $2.4 billion accruing to US businesses. This economic activity would flow through the US economy creating and supporting 43,000 jobs and three-quarters of a billion in local, state and federal taxes. And, as the business created would be with foreign firms, the business would have the added benefit of increasing access to foreign markets and contributing to US exports.
Learn more about the study, the key findings of the analysis, and the implications of the findings, here:
