The Premium Report on Convention and Visitors Bureaus contains information used by Marketing Departments in many of the Fortune 1,000 companies and beyond. The report helps identify industry changes, trends, key players, and growth opportunities.
Contents:
Current State of the Industry
Market Size
Market Forecast
Products and Services Breakdown
Financial Statements - Income Statement
Salary & Compensation Statistics
Key Companies
Public Company News
Largest Government Vendors
Current State of the Industry
Market Size
Market Forecast
Products and Services Breakdown
Financial Statements - Income Statement
Salary & Compensation Statistics
Key Companies
Public Company News
Largest Government Vendors
Current State of the Convention and Visitors Bureaus Industry
This section provides answers to five fundamental and commonly-asked questions about the industry:- What is the total market size ($ millions)?
- How much has the market grown or declined?
- Are long term forecasts positive or negative?
- How large is the average company?
- How many companies are in the industry?
Market Size - Convention and Visitors Bureaus
The total U.S. market size for the Convention and Visitors Bureaus industry includes all companies, both public and private. In addition to total revenue, the table contains details on employees, companies, and average firm size.| Metrics | 2004 2005 2006 2007 2008 2009 | |
|---|---|---|
| Market Size (Total Industry Sales) |
Available Included with Instant Access Order at top of page | |
| Total Firms | ||
| Total Locations (Headquarters and Branches) | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
Market Forecast - Convention and Visitors Bureaus
Market forecasts show the long term outlook for the Convention and Visitors Bureaus industry. The following five-year forecast utilizes advanced econometric techniques that take into account both short-term and long-term industry trends.| Forecast | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|---|---|
| Revenue ($ billion) | AVAILABLE | |||||
Source: AnythingResearch.com Economic Analysis
Product & Services Breakdown
The following products and services account for the largest source of revenues in the Convention and Visitors Bureaus industry. Note that there are multiple levels of classification, so some line items are contained within other lines.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
AVAILABLE | ||
Arranging, Assembling, & Marketing Pre-Packaged Tours |
AVAILABLE | ||
Arranging, Assmb, & Marketing Pre-Packaged Tours - Domestic |
AVAILABLE | ||
Convention Planning & Assistance Services |
AVAILABLE | ||
Visitor Information & Sightseeing Tour Service |
AVAILABLE | ||
Training Workshops In Tourism & Related Subjects |
AVAILABLE | ||
Convention Support Services |
AVAILABLE | ||
Research Service On Tourism |
AVAILABLE | ||
Other Travel Related Services |
AVAILABLE | ||
All Other Operating Receipts |
AVAILABLE | ||
Income Statement (Average Financial Metrics) - Convention and Visitors Bureaus
Financial metrics provide a snapshot view of an "average" company in the Convention and Visitors Bureaus industry. Key business metrics show revenue and operating costs. The data collected is industry-wide, covering both public and private companies in the industry.| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | AVAILABLE Included in Report Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit | ||
Financial Ratio Analysis - Convention and Visitors Bureaus
Financial ratios can be used to compare how a company in the Convention and Visitors Bureaus industry is performing relative to its peers. Financial ratios are calculated from the industry-average for income statements and balance sheets.| Liquidity Ratios - Convention and Visitors Bureaus Industry | Industry Average |
|---|---|
| Liquidity Ratios measure how liquid a business is. Bankers and suppliers may use these to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
Included |
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Included |
| Efficiency Ratios - Convention and Visitors Bureaus Industry | Industry Average |
|---|---|
| Efficiency Ratios measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low compared to the industry average, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
Included |
| Average Collection Period Based on the Receivables Turnover Ratio, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover Ratio |
Included |
| Inventory Turnover Ratio A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
Included |
| Fixed-Asset Turnover Ratio Generally, a higher ratio is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Included |
Geographic Distribution
The concentration of employees by states indicates how the industry (companies and workforce) is distributed throughout the country.
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Move mouse over states to see employment numbers
Note: Round numbers are estimates. Precise numbers are actuals.
Source: US Census
Compensation & Salary Surveys for Employees Working in Convention and Visitors Bureaus
Compensation statistics provides an accurate assessment of jobs in the Convention and Visitors Bureaus industry and national salary averages. This information can be used to asses which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management occupations | 6% |
AVAILABLE Included in Report Order at top of page |
||
| Chief executives | 0% | |||
| General and operations managers | 3% | |||
| Sales and related occupations | 47% | |||
| Travel agents | 35% | |||
| Office and administrative support occupations | 31% | |||
| Customer service representatives | 8% | |||
| Reservation and transportation ticket agents and travel clerks | 9% | |||
Companies in Convention and Visitors Bureaus and Adjacent Industries
| Company | Address | Key Contact |
|---|---|---|
| AVAILABLE | AVAILABLE | AVAILABLE |
Public Convention and Visitors Bureaus Company News
Web scan for recent news about publicly traded companies in the Convention and Visitors Bureaus industry.Government Contracts Related to Convention and Visitors Bureaus
In 2008, the federal government spent a total of $1,649,106 on Convention and Visitors Bureaus. It has awarded 23 contracts to 15 companies, with an average value of $109,940 per company.Top government vendors:
| Company | Federal Contracts | Total Award Amount |
|---|---|---|
| AVAILABLE | AVAILABLE | AVAILABLE |
The Industry Report on Convention and Visitors Bureaus contains the key pieces of information used by strategy and management consultants to identify market trends and accurately measure growth and industry performance.
Contents:
Current State of the Industry
Market Size
Financial Statements - Income Statement
Salary & Compensation Statistics
Key Companies
Public Company News
Current State of the Industry
Market Size
Financial Statements - Income Statement
Salary & Compensation Statistics
Key Companies
Public Company News
Current State of the Convention and Visitors Bureaus Industry
This section provides answers to five fundamental and commonly-asked questions about the industry:- What is the total market size ($ millions)?
- How much has the market grown or declined?
- Are long term forecasts positive or negative?
- How large is the average company?
- How many companies are in the industry?
Market Size - Convention and Visitors Bureaus
The total U.S. market size for the Convention and Visitors Bureaus industry includes all companies, both public and private. In addition to total revenue, the table contains details on employees, companies, and average firm size.| Metrics | 2004 2005 2006 2007 2008 2009 | |
|---|---|---|
| Market Size (Total Industry Sales) |
Available Included with Instant Access Order at top of page | |
| Total Firms | ||
| Total Locations (Headquarters and Branches) | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
Income Statement (Average Financial Metrics) - Convention and Visitors Bureaus
Financial metrics provide a snapshot view of an "average" company in the Convention and Visitors Bureaus industry. Key business metrics show revenue and operating costs. The data collected is industry-wide, covering both public and private companies in the industry.| Industry Average | Percent of Sales | |
|---|---|---|
| Total Revenue | AVAILABLE Included in Report Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit | ||
Financial Ratio Analysis - Convention and Visitors Bureaus
Financial ratios can be used to compare how a company in the Convention and Visitors Bureaus industry is performing relative to its peers. Financial ratios are calculated from the industry-average for income statements and balance sheets.| Liquidity Ratios - Convention and Visitors Bureaus Industry | Industry Average |
|---|---|
| Liquidity Ratios measure how liquid a business is. Bankers and suppliers may use these to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
Included |
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Included |
| Efficiency Ratios - Convention and Visitors Bureaus Industry | Industry Average |
|---|---|
| Efficiency Ratios measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low compared to the industry average, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
Included |
| Average Collection Period Based on the Receivables Turnover Ratio, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover Ratio |
Included |
| Inventory Turnover Ratio A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
Included |
| Fixed-Asset Turnover Ratio Generally, a higher ratio is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Included |
Compensation & Salary Surveys for Employees Working in Convention and Visitors Bureaus
Compensation statistics provides an accurate assessment of jobs in the Convention and Visitors Bureaus industry and national salary averages. This information can be used to asses which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management occupations | 6% |
AVAILABLE Included in Report Order at top of page |
||
| Chief executives | 0% | |||
| General and operations managers | 3% | |||
| Sales and related occupations | 47% | |||
| Travel agents | 35% | |||
| Office and administrative support occupations | 31% | |||
| Customer service representatives | 8% | |||
| Reservation and transportation ticket agents and travel clerks | 9% | |||
Companies in Convention and Visitors Bureaus and Adjacent Industries
| Company | Address | Key Contact |
|---|---|---|
| AVAILABLE | AVAILABLE | AVAILABLE |
Public Convention and Visitors Bureaus Company News
Web scan for recent news about publicly traded companies in the Convention and Visitors Bureaus industry.Recent News about Convention and Visitors Bureaus
- Gulf Coast beaches update: The oil spill on the Gulf Coast has states and visitors bureaus working hard to keep the public updated and reassure beach-bound travelers.
- Final chance offered to be in visitors guide: A last call is going out for business owners, event organizers and operators or managers of anything uniquely Sampson to provide their information for inclusion in the countys first-ever visitors guide.
- 25 ways to save on travel: With these cost-saving tips for trips, money concerns won't bend you out of shape.
- Letters to the editor: June 15, 2010: Here are letters to the editor from Daily News editions of June 15, 2010.
- Design Automation Conference 2010 Exhibitor Profiles: ANAHEIM, Calif.----Design Automation Conference 2010 takes place June 13 - 18, 2010 at the Anaheim Convention Center in Anaheim, CA.
- Gulf Coast beaches update: Oil coming ashore on the Gulf Coast has tourists keeping a close eye on conditions. States and visitors bureaus are working hard to keep the public updated and reassure beach-bound travelers.
- Salt Lake offers largest bank of genealogy records: Salt Lake City -- When Jan Gow makes her annual pilgrimage from New Zealand to Salt Lake City, it's not to enjoy Utah's ski resorts, red rock canyons or five national parks. It's for the ribbons of microfilm and endless volumes of maps, cemetery and property records tucked inside the Family History Library.
- House Tourism Committee approves Great Lakes Bay Regional Convention and Visitors Bureau: The Michigan House of Representatives Tourism Committee on Friday approved a bill that would allow for the creation of a Great Lakes Bay Regional Convention and Visitors Bureau.
- Visitors generate $4 million for Leavenworth: Travelers who spent the night in Leavenworth in 2009 generated more than $4 million for the local economy, according to the director of the Convention and Visitors Bureau.
- Glendale welcomes West Valley's first visitors bureau: The West Valley's first Convention and Visitors Bureau will open this month in Glendale.
- Convention Center looks to the future: First 10 years equals $135M GLANCE ACROSS RIVER STREET to the opposite shore of the Savannah River, and you'll see a view that's a lot different than it was a decade ago. The Savannah International Trade and Convention Center sits little more than shouting distance from City Hall, like an alabaster ambassador. It draws thousands to the Hostess City, although it's not a money generator itself ...
- Event will launch Indiana 500 Tour: Richmond is one of five Indiana cities that this week will launch the Indiana 500 Tour, a new tour and travel opportunity as part of a collaboration between the Association of Indiana Convention and Visitors Bureaus and Ball State University students.
- Michigan Tourism 'Stars of the Industry' Honored at the 'Pure Michigan Governor's Conference-Driving Tourism 2010': Twelve shining examples of excellence in Michigan lodging and tourism industries were recently honored last night as "Stars of the Industry" by the Michigan Lodging and Tourism Association.
- America's Most-Visited Cities: Even during a downturn, these spots welcomed millions of travelers.
- ADDING and REPLACING 2010 BIO International Convention Exhibitor Profiles: CHICAGO----Please note the addition of Archivel Farma S.L., BIO5 Institute, Izon Science, and SOLVO Biotechnology to the list of exhibitor profiles in release dated April 29, 2010.
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| Current State of the Industry | ![]() |
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| Market Size (historical trends) | ![]() |
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| Market Forecast (5-year projection) | ![]() |
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| Products/Services Breakdown | ![]() |
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| Financial Metrics | ![]() |
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| Salary & Compensation Statistics | ![]() |
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| Key Companies | ![]() |
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| Public Company News | ![]() |
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| Government Vendors | ![]() |
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