Why Are Cities Still Spending Big on Convention Centers?

Published On Nov 11, 2024, 5:00 AM

The article discusses a significant decline in corporate spending on annual conferences and events, a trend that was intensified by the recession in 2008 and has continued post-pandemic. Despite cities investing heavily in convention centers to secure large events for economic benefits, many of these centers operate at a loss, and there are concerns about the viability and profitability of such investments in the future.