Meetings business is picking up but CVB funding is still a big issue for many destinations, while an oversupply of convention space in some markets gives planners a negotiating edge.
LET'S START with the good news: convention business, like the economy, continues to pick up steam. The Center for Exhibition Industry Research estimates a 3 percent increase in trade show business last year, with continued growth predicted for 2012. Many cities, including Las Vegas, Boston, and Philadelphia, saw a big bump in total room nights booked, with 2012 trending the same way. An increase in hotel business equals an increase in room tax revenue, the primary funding source for many ...
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