Our member convention centres offer over 3 million square feet of rentable function space of which 62% is exhibition space, 22% is meeting space and 16% is ballroom space.
Collectively our members host some 8,000 meetings, conventions, exhibitions and related events per year. Approximately 51% of these are meetings, 8% are conventions and conferences, 5% are trade or consumer shows and 36% are banquet, social or special events.
The overall revenues generated by events taking place in our centres each year is in excess of $255 million. Our members directly employ almost 3000 full and part time staff with a total payroll of over $93 million.
In addition to centre-based spending, venues also generate broad community economic benefits including hotel, restaurant and attraction related revenues as well as the supply of a vast range of services including technical, exhibit, entertainment, off-site venue, transportation and other related services. Collectively the broader economic impacts of all this activity are estimated to be in the order of $2.5 billion annually.