September 8, 2013 |
Los Angeles is the second-most-populous city in the nation but falls far down the list of most popular U.S. destinations for business meetings. The latest ranking of top meeting destinations puts Los Angeles at No. 17, far behind smaller California cities such as San Diego and San Francisco, according to Cvent Inc., one of the nation's largest convention management and technology firms. The top meeting destination for 2013 was Orlando, Fla., followed by Chicago, Las Vegas, Atlanta and San Diego, according to Cvent, which ranked the cities based on room nights reserved, available meeting venues and other criteria.
June 16, 2013 |
With the economy on the rebound, Americans once again are cracking open their pocketbooks to take family vacations and other leisure trips. But corporate managers in charge of spending for business conferences and conventions remain tightfisted. That is one conclusion from a study of bookings at nearly 4,000 hotels by TravelClick, a New York company that provides booking software and business data for major hotel chains. QUIZ: What can't you take onboard a jetliner? Hotel bookings for leisure travelers in North America for the next 12 months are up 4.6%, while bookings for individual business travelers are up 7% compared with the previous period, according to TravelClick.
May 24, 2013 |
Minutes after arriving by bus at an outlet mall in Cabazon, a dozen or so Chinese tourists hustled out to buy luggage that they planned to stuff with high-end clothes, shoes and bags. But not Guoshing Cui, a Samsung supervisor from Guangzhou. He made a beeline for the Coach store, where he picked out three expensive handbags. He paid more than $800 from a wad of $100 bills. The bags were gifts for family and friends in China, where Coach goods sell for two to three times the price in the U.S. "It's a smart move," he said of his purchases.
March 12, 2013 |
A bright spot in the local economy - tourism - continues to generate big numbers for Los Angeles County's hotels, restaurants and other hospitality businesses. Tourists spent $16.4 billion in 2012, most of it on lodging, food and drinks, according to a study commissioned by the Los Angeles Tourism & Convention Board. By comparison, the group said, tourists spent $15.4 billion in 2011. Tourism last year also generated more than $2 billion in state and local taxes, according to the study by Los Angeles economics research firm Micronomics.
March 11, 2013 |
A bright spot in the local economy -- tourism -- continues to generate big numbers for the region's beleaguered businesses. Tourists spent $16.4 billion in 2012, most of it on hotels and restaurants, according to a study commissioned by the Los Angeles Tourism & Convention Board. By comparison, the agency said, tourists spent $15.4 billion in 2011. Tourism last year also generated more than $2 billion in state and local taxes, the study said. The study, completed by Micronomics, an economics research and consulting firm from Los Angeles, also concluded that tourism helped support nearly 230,000 jobs last year.
February 14, 2013 |
The Special Olympics will have a significant economic benefit for Los Angeles, according to a study released Thursday. The games being held in the summer of 2015 will generate at least $415 million in economic activity for the county, according to the study by a research firm working for the Los Angeles Tourism and Convention Board. The games are expected to draw more than 7,000 athletes and 500,000 spectators to the Los Angeles area, according to the Special Olympics website.