ACE - Association for Conferences and Events

There has been a lot of debate about the likely economic impact of hosting the 2012 Olympic Games for Britain.

Against this backdrop and of increases in the finance needed to stage the Games, it is essential to try and establish a more accurate consideration of the economic advantages of the Games. If we can do this, we can begin to determine its potential value.

Business tourism is worth over £20 billion in terms of its wider economic impact (through associated delegate expenditure on travel, entertainment, shopping, pre- and post-conference tours, etc.).

These figures take no account of the value of business transacted at trade events, estimated to generate in excess of £100 billion a year.