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Convention & Visitors Bureaus (NAICS 561591) Industry Market Research Report

Convention & Visitors Bureaus - Market Size and Forecast

The Convention and Visitors Bureaus report contains both historical and forecasted statistics. Total market size figures from 2015 to 2025 reveal industry growth patterns and trends. Market size measurements include both public and private companies in the industry.

HistoricalForecasted
20152016201720182019202020212022202320242025
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 data.

Industry Revenue ($ Billions)

Convention & Visitors Bureaus Industry Revenue
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021


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.

Convention & Visitors Bureaus - 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

US Market Size by State

Distribution by Company Size

Company SizeAll IndustriesConvention & Visitors Bureaus
Small Business (< 5 Employees)

Included

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Convention & Visitors Bureaus - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent 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

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Convention & Visitors Bureaus - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry 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

Convention & Visitors Bureaus - Product Mix

Product DescriptionDescriptionRevenue
($ 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

Convention & Visitors Bureaus - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations7%

Included

Chief Executives0%
General and Operations Managers3%
Business and Financial Operations Occupations7%
Business Operations Specialists5%
Sales and Related Occupations39%
Sales Representatives, Services34%
Travel Agents28%
Travel Agents28%
Office and Administrative Support Occupations34%
Information and Record Clerks23%
Customer Service Representatives8%
Customer Service Representatives8%
Reservation and Transportation Ticket Agents and Travel Clerks13%
Reservation and Transportation Ticket Agents and Travel Clerks13%

Government Contracts

In 2008, the federal government spent a 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.

Convention & Visitors Bureaus and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)

Included





Convention & Visitors Bureaus Industry Report
GeographyUnited States  
Publication DateAugust 2020
Report FormatPDF Download  
Price$499.00

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Convention and Visitors Bureaus