The Meeting Professionals International (MPI) Foundation Canada announced on National Meetings Industry Day the preliminary results of the Canadian Economic Impact Study (CEIS) 3.0. The study will detail the economic significance of meetings, specifically business events, held in Canada in 2012, and represents a continuation of reporting published in 2008 and later updated in 2009. It is also the first report to quantify the value delivered by the meeting and event industry to Canada’s economy at the regional, provincial and metropolitan levels.
CEIS 3.0 national results include:
- In 2012, business events in Canada attracted 35.3 million participants and involved $29.1 billion in direct spending across a broad range of participants and non-participants.
- These events delivered $27.5 billion to Canada's gross domestic product (GDP) in 2012 – approximately 1.5 percent of Canada's total GDP.
- Business events contributed $8.5 billion in taxes and service fees to all levels of government.
- Business events supported employment of more than 200,000 full-year jobs directly – nearly double that of telecommunications or utilities.
- Including indirect and induced employment effects, business events in Canada supported more than 340,000 full-year jobs.
- These economic effects were generated by more than 585,000 business events held in Canada during 2012 in more than 2,000 venues.
According to the CEIS 3.0, following is the breakdown of the gross provincial product by province:
- Ontario: $8.6 billion
- Alberta: $5.5 billion
- British Columbia: $4.3 billion
- Quebec: $4.3 billion
- Manitoba: $1.4 billion
- Saskatchewan: $1.0 billion
- Nova Scotia: $990 million
- New Brunswick: $700 million
- Newfoundland & Labrador: $390 million
- Prince Edward Island: $106 million
- Territories: $110 million
Moreover, the initial CEIS is the first study to detail the meetings sector industries using World Tourism Organization (UNWTO) guidelines. With the CEIS 3.0, the methodology has been improved with an increased focus on business events and excludes consumer shows and social events per the direction of the latest UNWTO guidelines.
As previously announced, the MPI Foundation Canada will transfer ownership of the CEIS today to the Business Events Industry Coalition of Canada (BEICC) for in-market activation. The goal with this strategic move is to gain more collaborative support and exposure for the study.
To view the CEIS 3.0 Executive Summary and the full launch schedule, visit www.mpiweb.org/ceis3.
Note: The currency values referenced reflect the Canadian dollar (CAD).
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