Meetings and Travel Vital to the Las Vegas Economy
"The perception that Las Vegas is merely
a gaming and leisure destination is antiquated and uneducated. The
meeting facilities in Las Vegas are among the best in the world, and the
resorts represent major international companies, many of whom are
publicly traded on Wall Street," said Rossi Ralenkotter, president and
CEO of the Las Vegas Convention and Visitors Authority.
Las Vegas, NV hosts approximately 22,000
meetings, conventions and trade shows annually, attracting 6 million
visitors who account for an economic impact of $8.5 billion. The meeting
industry directly employs more than 46,000 Southern Nevada workers, a
figure that increases to more than 75,000 when indirect impacts are
combined.
"We are extremely concerned about the
unintended consequences of restricting corporate meetings, events and
incentive travel programs. Business-related travel creates 2.4 million
jobs, $244 billion in spending and $39 billion in tax revenue at the
federal, state and local level," said Roger Dow, president and CEO of
the U.S. Travel Association.
Travel and tourism, including meeting
and business travelers, are a vital part of the national economy and
will be a key element in stimulating its growth, especially in Las
Vegas, Nevada which depends on large groups to supplement individual
tourists.
Las Vegas, Nevada is the main U.S.
destination for meetings and conventions. Las Vegas provides planners
with unparalleled facilities, accommodations, amenities and service to
conduct a successful event.
Events typically experience an increase
in attendance of approximately 15 percent and research has shown that
delegates are more focused on conducting business while they are in Las
Vegas. Las Vegas has been the No. 1 trade show destination for 14
consecutive years according to the "Tradeshow Week 200" list of largest
trade shows.
ABOUT THE LVCVA
The Las Vegas Convention and Visitors
Authority (LVCVA) is charged with marketing Southern Nevada as a tourism
and convention destination worldwide, and also with operating the Las
Vegas Convention Center and Cashman Center. With approximately 140,000
hotel rooms in Las Vegas alone and 9.7 million square feet of meeting
and exhibit space citywide, the LVCVA's mission centers on attracting
ever-increasing numbers of leisure and business visitors to the area.
For more information, go to www.lvcva.com or www.VisitLasVegas.com.
LAS VEGAS, Feb. 5, 2009 /PRNewswire-USNewswire/ --