Report: CVB Annual Budgets Up 7%

CHICAGO -- The Las Vegas Convention and Visitors Bureau had a whopping $112 million budget in 1997, nearly double the next closest CVB, according to the Chicago Convention and Tourism Bureau's Annual Competitive Analysis Report.

The Honolulu Convention and Visitors Bureau placed second with a $57 million budget, more than double the $22 million spent by third runner Orlando Convention and Visitors Bureau.

Overall, CVB funding was up some 7% compared to 1996, with 14 bureaus showing an increase of more than 10%, the report showed. Overall, labor rates were up 1.6% over 1996 figures, the study showed.

New York had the highest hourly labor rate at $73.67, followed by San Francisco, Toronto and Philadelphia. Indianapolis' $21.50 was the least expensive of the major convention cities.

Again, New York had the highest average hotel rate at $227.22 per night, nearly $50 higher than Washington. Las Vegas was again tops with 103,900 hotel rooms in its metropolitan area, while Los Angeles and Orlando finished second and third, respectively.

And when it comes to dining out, New York again was the biggest apple with a $101.65 average meal cost. Frugal planners can try their luck in Las Vegas, where the average meals is under $50.

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