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Meet Puerto Rico Forecasts Economic Impact of Meetings and Conventions

  • Published by Ozgur Tore

puertorico Condado Lagoon

Meet Puerto Rico announced forecasts of economic impact of Meetings and Conventions for this summer season. Puerto Rico’s group business for this summer starts off strong with 47 events, including, conferences, annual meetings and sports activities for this summer season. This represents a total direct spending of $22.6 million into the local economy and an increase of 53 percent compared to the same period last year when the economic impact was $14.8 million.

MPR-Puerto Rico Convention Bureau is a private organization responsible for attracting meetings, conventions, trade shows and incentive groups to Puerto Rico.

"The groups and conventions segment in Puerto Rico is a major driver in the tourism industry. One in four rooms occupied in hotels that can accommodate large-scale meetings belongs to the groups and conventions segment," said Milton Segarra, president & CEO of Meet Puerto Rico.

Groups range from multinational companies, to medical, educational conferences and sporting events, among others. An estimated 40,489 hotel-room nights in total will be generated throughout Puerto Rico in the next three months.

Segarra said that in May, 20 groups will be arriving to the island for a total of 18,562 room nights with an impact of $10.4 million in direct spending for the benefit of the tourism industry. As an example, he mentioned the Best Buy Company 2015 Achievers event, attended by 2,300 people from the United States and Puerto Rico.

During the month of June, the Island will host 13 groups for an estimated total of 11,591 room nights and a direct expenditure of $6.5 million. An important international event will be the Latin American Societyof Pediatric Infectious Disease (SLIPE) with an attendance of thousands of professionals from Latin America.

Fourteen groups are scheduled for July with a total of 10,336 hotel nights and a contribution of $5.7 million.

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