Impact of the events sector on the economy case study of Poland

Abstract

The goal of the study conducted project was to quantify the economic importance of meetings and events (i.a. social, economic, business) staged in Poland and show their economic contribution. This objective inspired research questions inquiring about the structure of the expenditures of meeting and event participants, the Gross Domestic Product generated thanks to Poland's meetings industry and the number of jobs created to perform services for meetings and events in Poland. The project's three-stage analysis examined three groups of stakeholders: participants, organisers of meetings and events (seven categories) and venue administrators (twelve categories). The goal was achieved thanks to the collected data and an econometric model based on the data of the Central Statistical Office of Poland, built specifically to determine the meetings industry's impact on national economy. The research estimated the meetings industry's contribution to GDP at the level of 1%. In 2015 meetings and events generated 25,911,301,000 for Poland's economy and 11,960,058,000 PLN of gross value added. 12,401,600 domestic and international participants attended the meetings and events, which on average lasted two days. The meetings industry's employment contribution amounted to 171,000.