San Diego Convention Center Generates $1.1 Billion in Regional Impact During Fiscal Year 2016

The San Diego Convention Center Corporation posted a strong end to its fiscal year 2016, achieving some of its highest numbers in direct attendee spending and hotel and sales tax revenues not seen since 2008.

Notable highlights published in the Corporation's Fiscal Year 2016 annual report are: 

  • Events in the building generated $1.1 Billion in Regional Impact in FY16.
  • The Convention Center welcomed 824,000 attendees (5th highest year in attendance).
  • Guests spent $658 Million in Direct Attendee Spending (highest level since 2008).
  • Citywide events generated $23.9 Million in Hotel & Sales Tax Revenue to the City of San Diego's general fund (highest level since 2008).

Out of the Convention Center's 158 events, San Diego Comic-Con International was the top event by regional impact generating $140 million, followed by LIGHTFAIR International bringing in $70.7 million and the Realtors Conference and Expo rounded out the top three at $58 million. The facility welcomed 14 medical meetings which accounted for nearly 30 percent of the overall economic impact generated this fiscal year.

President & CEO Clifford "Rip" Rippetoe, CFE, said that the $23.9 million in tax revenues generated by our business for the City of San Diego's general fund helps embolden the convention center's purpose.

"Our facility is here to serve as the San Diego's premiere gathering place, hosting conventions, meetings, trade shows and events that drive economic revenue to the city," Rippetoe said. "It's these revenues that ease the burden on local taxpayers and pay for important services such as police and fire protection, the upkeep of libraries and museums and the maintenance of parks and beaches."

In addition, the convention center marked some significant environmental achievements.

  • Most notably, the center set a new diversion record, recycling 66 percent of all materials that passed through the facility. 
  • Our staff also recycled 1,250 tons of materials, that's nearly equal to the weight of the iconic Star of India, which is homeported in the Port of San Diego.
  • Carrying on our mission to give back to the community, the center donated 147 tons of edible food to the San Diego Rescue Mission, enough to plate 235,000 meals.

To learn more about the San Diego Convention Center Corporation’s Fiscal Year performance -- including a list of the top 10 economic generators, environmental leadership infographics and community partnership accomplishments – we invite you to review our FY16 annual report (PDF).

 

Barbara Moreno's picture
Posted by Barbara Moreno, on November 28, 2016
Experience San Diego, Meeting Planners, News and Developments

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