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Conference center revenue $850,000 in 23 years
Published Wednesday, February 28, 2024 at 7:00 AM
Oxford Conference Center had a great year in 2023 and 2024 is looking equally bright.
On Tuesday 20 February, OOC Director Micah Quinn presented the annual report to the Oxford Council of Aldermen, outlining the economic impact of the University of Oxford and some of the Centre’s achievements during the year.
In 2023, the convention center hosted at least 250 events, with more than 65,000 people walking into the convention center.
These events generated $850,000 in revenue. Of those events, 15 were full conferences, bringing in $312,000, or about 36% of total annual revenue.
“Through these numbers, we are definitely seeing a rebound from COVID-19,” she said. “This confirms the industry trend that meetings, conferences and conferences have returned.”
The center will be closed for approximately 45 days in 2023 for renovations. With more than 25,000 square feet of rentable space, the center can host a variety of events – from corporate meetings to birthday parties and weddings. Ballrooms vary in size, accommodating 26 to 1,000 people, and are equipped with state-of-the-art audio-visual equipment.
Economic impact included helping the convention center’s food and beverage partners earn $292,000 in revenue; more than 2,600 hotel room nights booked, a 66% increase from 2022, generating $280,000 in revenue for area hotels.
“I want to emphasize that the majority (90 percent) of these booked nights are weeknights,” Quinn said.
Quinn said the OCC has booked a record number of multi-day conferences for 2024, including this spring’s Mississippi Association of Association Executives.
“These guys are planning to hold meetings across the state,” Quinn said. “We and Oxford Visitor will work closely with this group to show them what our city has to offer for their future conferences.”
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