Name: SHAOSHUAI LI
Professor: HASSAN
Class: HOSP 2011
Date: 3/19/2016
Economic Impact of the Meeting/ Event Industry on the US Economy
Introduction
The meeting and event industry has a considerable impact on the development
of the US economy, even though its impact may be not always obvious. At this point, it
is possible to refer to the article CV announces 2016 lists of top meeting hotels in the
US and Europe by Lana Sieg, where the author focuses on the study of the leading
hotels that offer meeting services in the US and Europe and uncovers their impact on
the US economy. In fact, the article helps to understand the scope of the meeting
industry on the US economy, while leading hotels operating in the industry reveal the
extent to which meeting industry is important for the hospitality industry now. Therefore,
the article shows the growing competition in the meeting industry and its considerable
impact on the US economy, since the meeting industry does not only create jobs and
maintains the business development of hotels but also stimulates and facilitates other
business activities that contribute to the economic growth of the US.
Article Overview
The article focuses on the analysis of the currently leading hotels in the US as
well as Europe which operates in the meeting industry and provides meeting services to
their customers. First, the author introduces the leading meeting hotels in the US and
EU and gives insights into the key trends in the meeting industry now. In fact, the
identification of the leading hotels helps to identify the industry leaders, which operate in
the US now and, therefore, which define the development of the US meeting industry. In
fact, the geography and scope of operations of the leading meeting hotels in the US is
nationwide that means that the meeting industry has a considerable impact on the US
economy at large rather than on specific regions of the US. This is very important in
terms of understanding the scope of the impact of the meeting industry on the US
economy.
