NAICS Code 561920-02 - Convention & Meeting Facilities & Service

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NAICS Code 561920-02 Description (8-Digit)

The Convention & Meeting Facilities & Service industry involves the provision of facilities and services for events such as conferences, conventions, trade shows, and meetings. This industry includes a wide range of businesses that provide event planning, venue rental, catering, audiovisual equipment rental, and other related services. The industry is highly competitive and requires a high level of organization and attention to detail to ensure that events run smoothly and meet the needs of clients.

Hierarchy Navigation for NAICS Code 561920-02

Tools

Tools commonly used in the Convention & Meeting Facilities & Service industry for day-to-day tasks and operations.

  • Event management software
  • Audiovisual equipment (e.g. projectors, microphones, speakers)
  • Lighting equipment
  • Catering equipment (e.g. chafing dishes, serving utensils)
  • Registration software
  • Mobile event apps
  • Event signage
  • Table linens and decor
  • Transportation services (e.g. shuttle buses, limousines)
  • Security services

Industry Examples of Convention & Meeting Facilities & Service

Common products and services typical of NAICS Code 561920-02, illustrating the main business activities and contributions to the market.

  • Conference centers
  • Hotels with meeting facilities
  • Event planning companies
  • Catering companies
  • Audiovisual equipment rental companies
  • Convention bureaus
  • Exhibition centers
  • Banquet halls
  • Country clubs with event spaces
  • Sports arenas with event spaces

Certifications, Compliance and Licenses for NAICS Code 561920-02 - Convention & Meeting Facilities & Service

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Certified Meeting Professional (CMP): A certification for meeting professionals that demonstrates their expertise in the field. Offered by the Events Industry Council.
  • Certified In Exhibition Management (CEM): A certification for exhibition professionals that demonstrates their knowledge and skills in the industry. Offered by the International Association of Exhibitions and Events.
  • Certified Government Meeting Professional (CGMP): A certification for meeting professionals who work with government clients. Offered by the Society of Government Meeting Professionals.
  • Certified Special Events Professional (CSEP): A certification for event professionals that demonstrates their knowledge and skills in the industry. Offered by the International Live Events Association.
  • Certified Trade Show Marketer (CTSM): A certification for trade show and event marketing professionals that demonstrates their knowledge and skills in the industry. Offered by Exhibitor Media Group.

History

A concise historical narrative of NAICS Code 561920-02 covering global milestones and recent developments within the United States.

  • The Convention & Meeting Facilities & Service industry has a long history dating back to ancient times when people gathered in public spaces to discuss and trade goods. In the 19th century, the industry began to take shape with the construction of large hotels and convention centers. The first modern convention center was built in Detroit in 1960, and since then, the industry has continued to grow and evolve. In recent years, the industry has seen notable advancements in technology, such as the use of virtual and hybrid events, as well as an increased focus on sustainability and eco-friendly practices. In the United States, the Convention & Meeting Facilities & Service industry has experienced significant growth in recent decades. The industry has benefited from the rise of business travel and the increasing popularity of conventions and trade shows. In the 1990s, the industry saw a boom in construction with the development of large convention centers in major cities such as Las Vegas and Orlando. In the 21st century, the industry has faced challenges such as the 2008 financial crisis and the COVID-19 pandemic, but has continued to adapt and innovate to meet the changing needs of clients and attendees.

Future Outlook for Convention & Meeting Facilities & Service

The anticipated future trajectory of the NAICS 561920-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The Convention & Meeting Facilities & Service industry in the USA is expected to experience growth in the coming years. The industry is expected to benefit from the increasing demand for event spaces and services for corporate events, weddings, and other social gatherings. The industry is also expected to benefit from the growing trend of experiential marketing, which involves creating immersive experiences for customers. The industry is expected to continue to innovate and adapt to changing consumer preferences and technological advancements. However, the industry may face challenges such as rising labor costs and competition from alternative event spaces. Overall, the industry is expected to experience moderate growth in the coming years.

Industry Innovations for NAICS Code 561920-02

Recent groundbreaking advancements and milestones in the Convention & Meeting Facilities & Service industry, reflecting notable innovations that have reshaped its landscape.

  • Virtual and Hybrid Event Platforms: With the COVID-19 pandemic, the industry has seen a rise in virtual and hybrid event platforms that allow for remote participation in events. These platforms offer features such as live streaming, chat rooms, and virtual exhibit halls.
  • Sustainable Event Practices: The industry has seen a growing trend towards sustainable event practices, such as reducing waste, using renewable energy sources, and sourcing local and organic food.
  • Personalized Event Experiences: The industry has seen a rise in personalized event experiences, such as customized event apps, personalized event agendas, and personalized event branding.
  • Advanced Event Technology: The industry has seen advancements in event technology, such as facial recognition software, augmented reality, and virtual reality.
  • Health and Safety Measures: With the COVID-19 pandemic, the industry has implemented new health and safety measures, such as increased cleaning and sanitization, social distancing, and contactless check-in and registration.

NAICS Code 561920-02 - Convention & Meeting Facilities & Service

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