San Diego Projects Record Medical Meetings in 2017, $1.1B in Regional Impact
January 23, 2017
The San Diego Convention Center Corporation is forecasting a record-breaking calendar year in 2017 for medical meetings.
A total of 21 medical events, including BIO 2017, the American Academy of Orthopaedic Surgeons (AAOS) and the American Association of Diabetes, will hold their annual events in San Diego during the next 12 months: that's the highest number of medical meetings ever in a calendar year.
"The upcoming year will be one of our strongest ever for medical meetings," said Clifford "Rip" Rippetoe, CFE, President and CEO of the San Diego Convention Center Corporation.
He added, "Medical meetings are key to San Diego's success as a premiere meeting and convention destination. Our region is a hotspot for research, education and the biotech industry. In calendar year 2017, medical meetings account for 27 percent of total attendance and 53 percent of our regional impact."
The economic benefits from the medical meetings alone are estimated to account for 53 percent of the convention center's estimated $1.1 billion in regional impact that will be generated between January and December of 2017.
Here's a fun fact: The forecasted attendance of 219,275 for 2017 medical meetings is more than the populations of the cities of Escondido and Encinitas combined.
This calendar year, a total of 62 citywide conventions will take place. The City of San Diego benefits from each event, because the hotel and sales tax revenue that results form these conventions goes directly to the city's general fund.
In 2017, that number will be an estimated $24.4 million. Convention attendees are projected to generate approximately $653.5 million in direct attendee spending.
Currently, center events are projected to account for 769,282 hotel room nights in 2017.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
Add new comment