News this week: Hong Kong, 10th December: According to a TSNN article, the Center for Exhibition Industry Research (CEIR) has released the findings of a recently completed report titled The Visa Study: the Economic Impact of International Non-Participation in the Exhibition Industry Due to U.S. Visa Issues. The research was conducted by Oxford Economics with results based on a U.S. nationwide survey as well as the CEIR Exhibition Industry Census.
The report’s key findings highlighted that the U.S. economy would see an increase of US$2.4 billion worth of business sales (US$2.6 billion including sales to foreign exhibitors) if the U.S. eased its current visa restrictions. The figures include US$1.5 billion in business-to-business trade, US$540 million in registration fees and exhibition space spending, as well as a US$295 million boost to visitor spending. The report estimates 116,000 international participants are lost due to these visa issues.
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