Key Takeaways
- In 2023, the Colorado events industry contributed $4.8 billion to the state's GDP through direct, indirect, and induced spending from conventions, festivals, and sports events.
- Event-related tourism spending in Colorado reached $3.2 billion in 2022, accounting for 12% of total visitor expenditures statewide.
- The average economic multiplier effect of events in Colorado is 2.1, meaning every $1 spent generates $2.10 in total impact.
- The events industry in Colorado employed 85,000 full-time equivalent workers in 2023.
- Denver Convention Center events supported 12,500 direct jobs in hospitality and services in 2022.
- Festival staffing in Colorado required 25,000 seasonal workers annually as of 2023.
- Colorado hosted 1.2 million event attendees at conventions in 2023.
- Music festivals drew 750,000 visitors to Colorado in 2022.
- Sports events attendance totaled 2.8 million in 2023 statewide.
- Denver has 1.2 million square feet of convention space across major venues.
- Colorado Springs Convention Center offers 30 event rooms totaling 220,000 sq ft.
- Total hotel rooms in Denver metro for events: 42,000 as of 2023.
- Colorado events grew 18% post-pandemic by 2023.
- Hybrid events increased 45% in Colorado from 2021-2023.
- Sustainability focus: 72% of events adopted zero-waste in 2023.
Colorado's events industry significantly boosts the state's economy and job market.
Economic Impact
- In 2023, the Colorado events industry contributed $4.8 billion to the state's GDP through direct, indirect, and induced spending from conventions, festivals, and sports events.
- Event-related tourism spending in Colorado reached $3.2 billion in 2022, accounting for 12% of total visitor expenditures statewide.
- The average economic multiplier effect of events in Colorado is 2.1, meaning every $1 spent generates $2.10 in total impact.
- Denver's conventions and events alone injected $1.1 billion into the local economy in 2023, supporting 15,000 jobs.
- Colorado's music festivals generated $850 million in economic activity in 2022, with 70% from out-of-state visitors.
- Sports events in Colorado contributed $1.2 billion to GDP in 2023, including NCAA tournaments and professional games.
- The wedding industry in Colorado, part of events, saw $1.5 billion in spending in 2022 across 25,000 events.
- Corporate meetings and trade shows in Colorado generated $900 million in direct spending in 2023.
- Film festivals and cultural events added $450 million to Colorado's economy in 2022.
- Outdoor adventure events like marathons contributed $650 million in 2023, boosting rural economies.
- Food and beverage festivals in Colorado drove $320 million in sales in 2022.
- Holiday markets and seasonal events generated $280 million during Q4 2023.
- E-sports tournaments in Colorado added $150 million to the tech-events sector in 2023.
- Art and craft fairs contributed $210 million in vendor and visitor spending in 2022.
- Rodeo and western events generated $420 million in Colorado in 2023.
- Beer and wine festivals accounted for $190 million in economic output in 2022.
- Charity galas and fundraisers raised $75 million while adding $120 million to local economies in 2023.
- Auto shows and enthusiast events drove $160 million in Colorado in 2022.
- Yoga and wellness retreats contributed $95 million in 2023.
- Gaming conventions like PAX West extensions in Denver added $80 million in 2022.
- Book festivals and literary events generated $55 million in 2023.
- Pride events across Colorado contributed $140 million in 2023.
- Ski resort events like winter carnivals added $310 million in 2022-2023 season.
- Tech conferences in Boulder generated $220 million in 2023.
- Fashion weeks and shows in Denver contributed $70 million in 2022.
- Marathon and endurance events statewide added $380 million in 2023.
- Comic cons and fan expos generated $110 million in Colorado in 2022.
- Farmers markets as recurring events drove $250 million annually in 2023.
- Aviation airshows contributed $90 million in 2023.
- Hot air balloon festivals added $65 million in 2022.
Economic Impact Interpretation
Employment and Workforce
- The events industry in Colorado employed 85,000 full-time equivalent workers in 2023.
- Denver Convention Center events supported 12,500 direct jobs in hospitality and services in 2022.
- Festival staffing in Colorado required 25,000 seasonal workers annually as of 2023.
- Event planners and coordinators numbered 4,200 in Colorado in 2023, with 15% growth since 2020.
- Colorado's events sector had an unemployment rate of 3.2% in Q4 2023, below national average.
- 18,000 jobs in food service were tied to events in Colorado in 2022.
- Audio-visual technicians for events: 2,800 employed statewide in 2023.
- Transportation workers (shuttles, rideshare) for events: 9,500 jobs in 2023.
- Venue operations staff across Colorado: 7,200 full-time in 2022.
- Marketing and PR roles in events: 1,900 professionals in 2023.
- Security personnel for Colorado events: 11,000 contracted annually in 2023.
- Lodging staff supported by events: 22,000 jobs in 2022.
- Retail workers boosted by event crowds: 14,000 seasonal in 2023.
- Freelance photographers/videographers for events: 1,200 active in Colorado 2023.
- Caterers and banquet staff: 16,500 employed via events in 2022.
- Tour guides for event tie-ins: 3,400 jobs in 2023.
- IT support for event tech: 1,100 specialists in 2023.
- Cleanup and waste management crews: 4,500 post-event jobs annually.
- Ticketing and box office staff: 2,200 positions in 2022.
- Sponsorship sales reps: 850 in events industry 2023.
- Volunteer coordinators trained 15,000 volunteers for events in 2023.
- Riggers and stagehands: 1,650 union members in Colorado 2022.
- Event insurance brokers: 450 licensed for events in 2023.
- Diversity in workforce: 28% women in event management roles in 2023.
- Average wage for event planners in Colorado: $62,500 annually in 2023.
- Youth employment via events: 8,000 summer jobs in 2023.
- Total events workforce training programs: 45 across state, serving 5,200 in 2022.
Employment and Workforce Interpretation
Event Types and Attendance
- Colorado hosted 1.2 million event attendees at conventions in 2023.
- Music festivals drew 750,000 visitors to Colorado in 2022.
- Sports events attendance totaled 2.8 million in 2023 statewide.
- Weddings: 25,000 events with average 120 attendees each in 2022.
- Corporate meetings hosted 450,000 delegates in Colorado 2023.
- Food festivals attracted 1.1 million foodies in 2022.
- Art festivals saw 650,000 visitors across 50 events in 2023.
- Rodeos drew 400,000 spectators in 2022.
- Beer festivals hosted 300,000 attendees in 2023.
- Marathon events: 85,000 runners and spectators per major race in 2022.
- Comic cons: 180,000 fans at Denver Comic Con 2023.
- Farmers markets: Weekly average 15,000 visitors statewide in 2023.
- Pride events: 250,000 across Denver and Colorado Springs 2023.
- Ski events: 500,000 winter sports attendees in 2022-23.
- Tech conferences: 120,000 delegates in Boulder/Denver 2023.
- Hot air balloon festivals: 100,000 visitors annually.
- Holiday markets: 400,000 shoppers in Denver 2023.
- Yoga retreats: 45,000 participants in 2022.
- Auto shows: 150,000 attendees in 2023.
- Book festivals: 80,000 readers in 2023.
- E-sports events: 95,000 spectators in 2022.
- Aviation airshows: 120,000 aviation enthusiasts 2023.
- Fashion events: 35,000 attendees in Denver 2022.
- Charity galas: 50,000 participants statewide 2023.
- Gaming cons: 60,000 gamers in 2023.
- Film festivals: 140,000 viewers in 2022.
Event Types and Attendance Interpretation
Trends and Growth
- Colorado events grew 18% post-pandemic by 2023.
- Hybrid events increased 45% in Colorado from 2021-2023.
- Sustainability focus: 72% of events adopted zero-waste in 2023.
- Tech integration like VR rose 30% in event experiences 2022-23.
- Outdoor events surged 25% due to post-COVID preferences in 2023.
- Diversity in event programming up 22% since 2020.
- Average ticket prices rose 12% to $85 for festivals in 2023.
- Corporate events shifted to wellness themes, up 35% in 2023.
- Micro-events (under 500 attendees) grew 40% in 2022-23.
- NFT ticketing piloted in 15% of tech events 2023.
- Contactless payments reached 92% adoption at events.
- Livestream viewership for CO events: 2.5 million in 2023.
- Gen Z attendance up 28% at music festivals.
- AI for event planning used by 55% of planners in 2023.
- Pop-up events increased 50% in urban areas 2022.
- Eco-friendly materials in decor: 65% standard by 2023.
- Multi-day festivals extended average length to 4.2 days.
- Sponsorship revenue grew 16% to $1.2B in 2023.
- Inclusive accessibility features in 80% of new events.
- Food truck integrations up 38% at outdoor events.
- Post-event analytics tools adopted by 70% organizers.
- Wellness zones at events: present in 60% of large fests 2023.
- Blockchain for supply chain in 20% of major events.
- Female-led events rose to 42% in 2023.
- Rural event growth 22% faster than urban 2022-23.
- AR experiences at 35% of cultural events.
- Bounce-back: Event bookings 110% of 2019 levels in 2023.
- Personalized attendee apps used in 75% conventions.
- Carbon offset programs in 68% of events 2023.
Trends and Growth Interpretation
Venue and Infrastructure
- Denver has 1.2 million square feet of convention space across major venues.
- Colorado Springs Convention Center offers 30 event rooms totaling 220,000 sq ft.
- Total hotel rooms in Denver metro for events: 42,000 as of 2023.
- Outdoor venues like Red Rocks Amphitheatre seat 9,525 for events.
- Ball Arena in Denver hosts 18,000 for sports and concerts.
- Empower Field at Mile High accommodates 76,000 event attendees.
- Vail Resorts venues support 50+ annual events with 100,000 sq ft combined.
- Boulder Theater and Chautauqua combined: 5,000 capacity for mid-size events.
- Colorado Convention Center expanded to 584,000 sq ft exhibit space in 2023.
- Over 500 miles of event-permitted trails for outdoor races in state parks.
- 1,200+ parking spaces at major Denver event garages.
- High-speed WiFi coverage in 95% of Colorado convention centers.
- 150+ LEED-certified event venues in Colorado as of 2023.
- Shuttle systems transport 2 million event-goers annually via RTD.
- 75 amphitheaters and outdoor stages statewide for festivals.
- Hotel ballroom space totals 1.5 million sq ft in key cities.
- 200+ micro-venues under 5,000 capacity for niche events.
- Solar-powered event sites: 40 across Colorado in 2023.
- ADA-compliant seating in 98% of major venues.
- Fiber optic networks upgraded in 80% of convention centers.
- 50 pop-up venue sites for festivals in urban areas.
- Total stage rigging capacity: 500 tons across top venues.
- EV charging stations at event venues: 1,200 statewide.
- Waste diversion infrastructure at events: 85% recyclable capacity.
- Virtual event streaming bandwidth: 10 Gbps average per venue.
- 300+ farm-to-table certified event kitchens.
- Denver International Airport handles 1.5 million event travelers yearly.
Venue and Infrastructure Interpretation
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