Convention and Visitors Bureaus Revenue Benchmarks

How much does the average convention and visitors bureaus business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$997K

per year

💰

Profit Margin

8.0%

industry average

📈

Revenue / Employee

$131K

per year

👤

Total Businesses

894

in the US

🏢

Est. Owner Income

$80K

small business avg

💵

Labor Cost

55.0%

of revenue

👥

Avg Employee Wage

$73K

per year (BLS)

💼

Market Saturation

0.3

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$183K
5-9 employees
$656K
10-19 employees
$1.5M
20-99 employees
$6.3M
100-499 employees
$6.7M

🏆 Highest Revenue States

1.Florida$2.3M avg2.Arizona$2.0M avg3.Tennessee$1.9M avg4.South Carolina$1.7M avg5.Utah$1.7M avg6.Louisiana$1.7M avg7.Texas$1.5M avg8.Hawaii$1.4M avg9.California$1.4M avg10.Massachusetts$1.3M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

14.74%

openings/year

Closure Rate

12.17%

closings/year

Net Job Growth

+9.2%

annual

Businesses Closed

775

in 2023

Firm Count Trend

19
20
21
22
23
12,490 firms10,611 firms

💡 Should You Start a Convention and Visitors Bureaus Business?

Startup Cost

$50K – $250K

Break-Even

23 months

5-Year Survival Rate

50.0%

🆚 Related Industries

Landscaping Services$566KJanitorial Services$808KOffice Administrative Services$2.3MOther Services to Buildings and Dwellings$400KTemporary Help Services$14.3M

Compare Convention and Visitors Bureaus revenue with other industries:

vs Landscapingvs Janitorialvs Office