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Overbuilt Convention Centers Cutting Prices

The weekend edition of The Wall Street Journal (Oct. 13-14) shows how the convention center industry keeps expanding into a glut. Although leisure travel has recovered from the deep recession, convention business has not made similar gains, says the Journal. A chart tells the story: since the year 2000, convention center space has grown by 35.4% while attendance has dropped by 1.7%. Thus, to stay competitive, convention centers are cutting prices; convention planners can wangle very good deals, notes the Journal.

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The weekend edition of The Wall Street Journal (Oct. 13-14) shows how the convention center industry keeps expanding into a glut. Although leisure travel has recovered from the deep recession, convention business has not made similar gains, says the Journal. A chart tells the story: since the year 2000, convention center space has grown by 35.4% while attendance has dropped by 1.7%. Thus, to stay competitive, convention centers are cutting prices; convention planners can wangle very good deals, notes the Journal.

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Comments
4

Yep- giving away the taxpayer farm is really paying off...NOT.

But when you're using OPM, who cares, more moral hazard.

Oct. 13, 2012

SurfPup: The situation is amazing. The same consultants keep telling cities to build a new convention center or expand the old one. The consultants ignore the glut; after all, they are paid to recommend what the people paying their bills want, which is more convention space at taxpayer expense. Each city decides that it is "special," and not influenced by national trends. Everybody keeps digging a hole, even though these statistics have been available for years. Best, Don Bauder

Oct. 13, 2012

Yes, it is EASY to spend money when it DOES NOT BELONG TO YOU..... and you have no respect for it, or accountability.

If the people/Gov idiots who did these deals had their OWN skin int he game, even a small % then the scam would not go down...........

Oct. 13, 2012

SurfPup: You are right again. When the government picks up all of the tab, there is no accountability. When the government picks up MOST of the tab, such as in so-called "public private projects" (a euphemism for corporate welfare), the dynamics are the same. No accountability. Best, Don Bauder

Oct. 14, 2012

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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