Convention and Visitors Bureaus - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Risk Forecasts

Convention and Visitors Bureaus - 2023 U.S. Market Research Report with Updated COVID-19 & Recession Risk Forecasts
The 78-page 2023 Convention and Visitors Bureaus Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2014-2027.

This Kentley Insights report is full of industry insights including historical and forecasted market size, revenue and industry breakdowns by product lines, size of company, concentration segmentation, business structure, customer type, state and MSA, profitability, financial ratios, balance sheet benchmarks, BCG matrix, extensive statistics by state and MSA, operating expense details, workforce composition, industry consolidation analysis, sector benchmarks, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on numerous industry statistics including companies, locations, employees, pay, and much more.

The Convention and Visitors Bureaus industry includes companies primarily engaged in marketing and promoting communities and facilities to businesses and leisure travelers through a range of activities, such as assisting organizations in locating meeting and convention sites; providing travel information on area attractions, lodging accommodations, restaurants; providing maps; and organizing group tours of local historical, recreational, and cultural attractions.

This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, industry analysis, benchmarking, forecasting, strategic planning, market analysis, due diligence, valuation, sales & marketing strategy, operational streamlining, organizational strategy, evaluating opportunities, and many other analyses.

Review the 78-page table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.

Below are a few of the hundreds of stats from the report:

INDUSTRY SIZE

In 2022, industry sales were $2.7 billion
Purchase now for historicals (2014-2022) and forecasts for 2023 and the next 5 years

INDUSTRY GROWTH

Over the past 3 years, the industry has grown at an annual rate of 1.9%
The report has historical, annual and forecasted growth rates

COMPANY GROWTH

There are 884 companies in the industry
Learn more about the historical and forecasted industry composition

SALES PER COMPANY

In 2022, the average sales per company was $3.0 million
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INFLATION & PRICING

2021 inflation was 1.2%
The report has historicals (2014-2022), 4 years of monthly figures, and 2023 & 5-year forecast

PROFITABILITY

For unprofitable companies, the average net loss is -6.3%
The report has more on market and profitability dynamics

RIGHTSIZING ANALYSIS

Employee productivity is $240,315
Learn more about historical and forecasted employee productivity

EXPENSE BENCHMARKING

2.4% of expenses is spent on health insurance
Benchmark against 24 other expense categories

OPERATING EXPENSES

In 2022, industry operating expenses grew 26.4%
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PAYROLL

In 2022, payroll per employee was $53,931
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PAYROLL BY STATE

California averages $77,827 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS

9.1% of employees in the industry are in management positions
Benchmark against 25 other job categories

JOB CATEGORIZATION PAY RANGES

The average industry hourly pay for office and administrative jobs is $20.75
Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 26 job categories

The above stats represent a small fraction of what you will find in this report.

Purchase the 2023 Convention and Visitors Bureaus Market Research Report now to unlock the insight from one of the most trusted research firms.

NAICS CODE: 561591