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Convention & Visitor Bureaus in the US - Industry Market Research Report

Convention & Visitor Bureaus in the US

Overall, revenue is forecast to rise at an annualized rate of 4.8% to $2.4 billion during the period, including 1.4% growth in 2018 alone. Growth is expected to have slowed somewhat in the latter half of the period, as the strengthening of the US dollar has discouraged international travelers, particularly those from Canada. As the economy continues to strengthen, domestic travel rates are set to continue trending upward and inbound travel is expected to rise, despite currency concerns. Over the five years to 2023, domestic travel and inbound travel are forecast to grow at respective annualized rates of 1.6% and 3.6%, respectively. As a result, industry revenue is anticipated to rise at an annualized rate of 1.5% to $2.6 billion during the period.

This industry markets and promotes communities and local facilities to business and leisure travelers. Operators assist customers in locating meeting and convention sites. They also provide travel information on an area’s attractions and accommodations and provide maps and information brochures. Operators also organize group tours of local historical, recreational and cultural attractions.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2018)
    • Table Industry Structure
  • Industry Performance
    • Table Consumer spending
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table Products and services segmentation (2018)
    • Table Major market segmentation (2018)
    • Table Business Locations 2018
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
    • Table Major players (Market share)
    • Table Las Vegas Convention and Visitors Authority (US industry-specific segment) - financial performance*
    • Table Visit Florida (US industry-specific segment) - financial performance*
    • Table Hawaii Tourism Authority (US industry-specific segment) - financial performance*
  • Operating Conditions
    • Table Capital intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
    • Table Industry Financial Ratios
  • Jargon & Glossary

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