IAPCO’s economic contribution hits €14.2 Billion in 2023

In celebration of Global Meetings Industry Day 2024, IAPCO has released its 2023 Annual Member Survey statistics, derived from data submitted by IAPCO members.

The report reveals that IAPCO members collectively generated an economic impact exceeding €14.2 billion (US$15.3 billion) across global destinations during 2023.

The growth over the past several years is encouraging

Economic Impact rose from €13.5 billion in 2022 to €14.2 billion in 2023; the number of events rose from 16,359 in 2022 to 17,044 in 2023; and the number of meeting professionals employed within the IAPCO membership increased from 8,457 in 2022 to 9,248 in 2023.

In addition to all of this, association membership grew by five per cent from 2022 and interest in new membership applications for 2024 is far exceeding expectations.

Martin Boyle, CEO of IAPCO, said: “… Although these results are just a snapshot of the past year, the growth trend over the past several years is very encouraging for IAPCO, our members and our global meetings industry as a whole. When assessed, together with all other indicators, the impact that IAPCO members continue to bring to both our industry and cities within which their client events are delivered is extremely positive, attractive and proof of the value of business events around the globe.”