Page 443 - 2022-23 Blue Book Vol 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 2022 and 2035 is projected to be approximately $2.8 billion as shown in the table below. These sales will
support 18,947 full time equivalent (FTE) jobs and $178 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 in 2025-26.

ESTIMATED ECONOMIC IMPACT OF BOOKED CONVENTION CENTER EVENTS 2022 THROUGH 2035
2

Direct Indirect / Induced Total

Business Sales $1,636,683,471 $1,176,676,544 $2,813,360,015

Jobs Supported Annual FTE’s 14,611 4,336 18,947

Taxes and Assessments
State Total $57,895,249 $31,194,936 $89,090,185
Local Total $81,619,967 $7,206,724 $88,826,691

Source: DMAI Economic Impact Calculator, March 2022

NOTE
1 2022-23 average room nights per booking assumptions:
• 10,788 for Convention Center Events
• 446 for Hotel Association and Corporate Meetings
• Average room rate: $271 (2019 CBRE Audit Summary)
Note - Estimates may need to be adjusted based on the impact of the COVID-19 pandemic
2 These figures do not include the 2022 National Football League Super Bowl or 2028 Olympic and Paralympic
Games as they are unique, one-time events.

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