Economic Impact

Meetings Mean Money for London

The London Convention Centre acts as a vehicle for spending that ends up practically everywhere within the local economy.  From the moment delegates arrive, they begin using a whole range of goods and services required to accommodate, feed, entertain, supply and transport.

In general, Convention delegates spend approximately four times what other tourists do on a daily basis, injecting a large amount of new money into the local economy. That is good business for everyone.

Hotels obviously get their share. But so do London’s restaurants, attractions, taxis, retail outlets, entertainment facilities and a host of other businesses that collectively make up the delegate experience.  Additionally, every activity within the London Convention Centre itself draws upon a wide range of services and supplies, from food and beverage to displays and from performers to communications companies. The bigger and more complex an event and the more suppliers involved, the greater the impact to the community.  This is how the economic impact is measured.

London Convention Centre hosted events also generate tax revenues that support schools, hospitals, roads and more. Non-local delegates bring new money into the community which means less money coming out of residents’ pockets. 

The economic impact of the London Convention Centre is significant and provides many reasons to feel fortunate to have this type of facility in London.

 

Our Impact

The total economic impact of meetings, conventions and tradeshows hosted at the London Convention Centre in 2008 was estimated at $19.6 million.  This was based on a total of 407 events hosted with 134,810 delegates.  The average delegate spend was $145.39.      

Using multipliers established in 2008 through the Synovate study and the Ministry of Ontario’s TREIM model, the total economic impact of meetings, conventions and tradeshows hosted at the LCC in 2009 was $18.0 million during 372 events with 128,458 delegates.

The average delegate spend in 2009 was $140.12.

Since hotel average rates have not increased in 2010 the same average delegate spend for 2009 was utilized for 2010.  Based on the 385 events hosted in 2010 with 117,362 delegates the total economic impact of Meetings, Conventions and tradeshows hosted at the LCC in 2010 is $16.4 million.