Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 9.1 % over the past five years, to reach an estimated $3.7bn in 2025.
Trends and Insights
Economic stabilization offers higher leverage for travelers
- Convention and visitor bureaus benefited from a considerable spike in economic stability, particularly across corporate clients and younger customers. A sharp 10.8% boost in corporate profit over the past five years generated higher disposable capital for businesses to pursue large-scale conferences and trade shows. The higher flexibility in pursuing larger conferences and trade shows wound up being beneficial for bureaus, which benefit from higher interest among individual customers and businesses in procuring travel accommodation and sightseeing tour information.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Economic stability offers a chance at consistent bureau service demand
- Convention and visitor bureaus are poised to benefit from consistent economic growth as interest rates stabilize and national consumer spending continues to strengthen. Anticipated 1.9% growth in consumer spending over the next five years, coupled with a 3.5% boost in corporate profit, will allow consumers and businesses to allocate a greater share of budgets to travel, going on vacations and attending meetings and conferences. This will help generate greater demand for travel information that benefits bureaus, such as hotel stays and tourist attractions, particularly among tourist-heavy areas like New York City.
Biggest companies in the Convention & Visitor Bureaus in the US
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
Las Vegas Convention and Visitors Authority | 115.7 | 23.2 | 20.1 | |
Visit Florida | 104.6 | 9.9 | 9.4 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Visitor information and sightseeing tour services , Convention conference and meeting planning and Convention support, travel reservation and other services. Visitor information and sightseeing tour services is the largest segment of the Convention & Visitor Bureaus in the US.
Trends and Insights
A robust recovery in travel volume strengthens demand for visitor information and sightseeing tour services
- The visitor information and sightseeing tour services segment is the main revenue stream of convention and visitor bureaus. This segment includes tourist assistance with inquiries, information, tours, accommodation and reservations upon arrival to a new destination.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
This industry markets and promotes communities and local facilities to business and leisure travelers. Operators assist customers in locating meeting and convention sites. They also provide travel information on an area’s attractions and accommodations and provide maps and information brochures. Operators also organize group tours of local historical, recreational and cultural attractions.
What's included in this industry?
Products and services covered in the Convention & Visitor Bureaus industry in the United States include Convention conference and meeting planning, Visitor information and sightseeing tour services, Convention support, travel reservation and other services and Tourism research services.Companies
Companies covered in the Convention & Visitor Bureaus industry in the United States include Las Vegas Convention and Visitors Authority and Visit Florida.Purchase this report to view all 2 major companies in this industry.
Related Terms
Related terms covered in the Convention & Visitor Bureaus industry in the United States include packaged tour, visitor bureau and convention.Industry Code
NAICS 56159 - Convention & Visitor Bureaus in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
A robust rebound in domestic and international travel fueled sharp demand spikes for visitor bureaus. Domestic travel and inbound trips by non-US residents spiked over the pa...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Sharp incline in domestic travel enhances visitor information and sightseeing tour services. A rebound in national travel generated greater promotional and information needs ...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Convention and visitor bureaus prioritize tourist-heavy areas. Major tourist spots have higher concentrations of establishments. Natural wonders, iconic landmarks and varied ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each state in 2025
- Number and share of revenue each state accounts for in 2025
- Number and share of wages each state accounts for in 2025
- Number and share of employees in each state in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition is typically confined to local or regional areas. Visitor bureaus work to promote their state or city to attract as many tourists as possible. Their efforts aim t...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Prominent bureaus are concentrated in major tourist hotspots. Bureaus such as Las Vegas Convention and Visitors Authority thrive off economies of scale to market their local ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of Las Vegas Convention and Visitors Authority 's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Visit Florida's performance by revenue, market share and profit margin from 2019 through 2025
Detailed analysis
- Description and key data for Las Vegas Convention and Visitors Authority , and factors influencing its performance in the industry
- Description and key data for Visit Florida, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Some states require that products and services be promoted and offered only by local businesses. The main forms of assistance are derived from statewide grants, which offer f...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Expansion of automated technology helps reduce manual labor tasks and curtails wage costs. Employees that market and sell travel times and packages are able to leverage the u...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Industry Multiples (2018-2023)
- Industry Tax Structure (2018-2023)
- Income Statement (2018-2023)
- Balance Sheet (2018-2023)
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Convention & Visitor Bureaus industry in the United States in 2025?
The market size of the Convention & Visitor Bureaus industry in the United States is $3.7bn in 2025.
How many businesses are there in the Convention & Visitor Bureaus industry in the United States in 2025?
There are 4,338 businesses in the Convention & Visitor Bureaus industry in the United States, which has grown at a CAGR of 5.9 % between 2020 and 2025.
How may import tariffs affect the Convention & Visitor Bureaus industry in the United States?
The Convention & Visitor Bureaus industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Convention & Visitor Bureaus industry in the United States?
The Convention & Visitor Bureaus industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Convention & Visitor Bureaus industry in the United States grown or declined over the past 5 years?
The market size of the Convention & Visitor Bureaus industry in the United States has been growing at a CAGR of 9.1 % between 2020 and 2025.
What is the forecast growth of the Convention & Visitor Bureaus industry in the United States over the next 5 years?
Over the next five years, the Convention & Visitor Bureaus industry in the United States is expected to grow.
What are the biggest companies in the Convention & Visitor Bureaus industry in the United States?
The biggest companies operating in the Convention & Visitor Bureaus industry in the United States are Las Vegas Convention and Visitors Authority and Visit Florida
What does the Convention & Visitor Bureaus industry in the United States include?
Convention conference and meeting planning and Visitor information and sightseeing tour services are part of the Convention & Visitor Bureaus industry in the United States.
Which companies have the highest market share in the Convention & Visitor Bureaus industry in the United States?
The company holding the most market share in the Convention & Visitor Bureaus industry in the United States is Las Vegas Convention and Visitors Authority .
How competitive is the Convention & Visitor Bureaus industry in the United States?
The level of competition is moderate and increasing in the Convention & Visitor Bureaus industry in the United States.
Methodology
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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