Convention & Visitors Bureaus Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This U.S. industry comprises establishments 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.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the Convention and Visitors Bureaus industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Convention & Visitors Bureaus companies in the United States.
Convention & Visitors Bureaus Revenue by State
Distribution by Company Size
| Company Size | All Industries | Convention & Visitors Bureaus |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
Convention & Visitors Bureaus Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Products and Services Mix
Product lines and services in the Convention & Visitors Bureaus industry accounting for the largest revenue sources.
| Product Description | Description | Revenue
($ Millions) |
|---|
| Industry total | Included |
| Visitor information & sightseeing tour service |
| Convention planning & assistance services |
| Convention support services |
| Research service on tourism |
| All other operating receipts |
| Training workshops in tourism & related subjects |
| Arranging, assembling, & marketing pre-packaged tours |
| Arranging, assmb, & marketing pre-packaged tours - domestic |
| Other travel related services |
Salary information for employees working in the Convention & Visitors Bureaus industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 7% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 3% |
| Business and Financial Operations Occupations | 7% |
| Business Operations Specialists | 5% |
| Sales and Related Occupations | 39% |
| Sales Representatives, Services | 34% |
| Travel Agents | 28% |
| Travel Agents | 28% |
| Office and Administrative Support Occupations | 34% |
| Information and Record Clerks | 23% |
| Customer Service Representatives | 8% |
| Customer Service Representatives | 8% |
| Reservation and Transportation Ticket Agents and Travel Clerks | 13% |
| Reservation and Transportation Ticket Agents and Travel Clerks | 13% |
Government Contracts
The federal government spent an annual total of
$61,411 on the convention & visitors bureaus industry. It has awarded 13 contracts to 6 companies, with an average value of $10,235 per company.
Top Companies in Convention & Visitors Bureaus and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
