Page 397 - FY 2021-22 Blue Book Volume 2

Los Angeles Tourism & Convention Board

Potential Economic Impact

Total direct and indirect/induced economic impact from business sales resulting from events held at the LACC
between 2021 and 2034 is projected to be approximately $3.2 billion as shown in the table below. These sales will
support 22,080 full time equivalent (FTE) jobs and generate $205 million in state and local tax assessments. The
following projections assume the eventual recovery of the conventions industry post-pandemic as well as the
completion of the proposed LACC Expansion and Modernization Project.

ESTIMATED ECONOMIC IMPACT OF BOOKED CONVENTION CENTER EVENTS FROM 2021 THROUGH
2
2034

Direct Indirect / Induced Total

Business Sales $ 1,874,133,970 $ 1,346,396,093 $ 3,220,530,063

Jobs Supported Annual FTE’s 17,027 5,053 22,080

Taxes and Assessments
State Total $ 66,075,127 $ 35,696,197 $ 101,771,324
Local Total $ 94,909,635 $ 8,246,196 $ 103,155,831

Source, DMAI Economic Impact Calculator, March 2021

NOTE
1 2021-22 Average Room Nights per Booking Assumptions:
• 15,000 for Convention Center Events
• 473 for Hotel Association and Corporate Meetings
• Average Room Rate: $271 (2019 CBRE Audit Summary)
Note – Totals may not sum due to rounding. Estimates may need to be adjusted based on the impact of the
COVID-19 pandemic.
2 These figures do not include the 2022 NFL Super Bowl or 2028 Olympic and Paralympic Games as they are
unique, one-time events.

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