Originally Posted by
bsdstone
I will only comment on #2. Our company is based in the New Orleans area, and we have our global sales meeting at one of the hotels dowtown. We take over the entire hotel for 5 days including all banquet space, etc. I believe there are ~600 people, and it generates around $1MM in revenue for the hotel. We considered leaving to go to a larger venue, and they bent over backwards to keep our business...so, I would say high 6 figures, to low 7's for an individual hotel is a big deal!
Yes, I can see that being a large amount for a single event; I was under the impression that Radiant Flyer was talking about annual (multiple) expenditures vs single event.