April 01, 2002
> Meetings & Conventions: Newsline

newsline.gif (8042 bytes)Security Delays At Major Airports Lia Lorenzano
Lia Lorenzano

How CVBs Raise and Spend Money

A look at funding and expenditures of the average bureau

Average hotel tax 11.6% Average % of room tax revenue used to fund the CVB 56% Bureaus funded primarily from room taxes 82% CVBs that spend more than half of their budget on:    • Convention sales/marketing 27%    • Tourism marketing 25%    • Convention services/housing 3% Average total gross revenue of a CVB $5.1 million Source: Survey of 172 members of the International Association of Convention and Visitor Bureaus, December 2001 Back to NewslineM&C Home Page
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