Financial Losses From Virtual Conventions

WAAY 31's Ashley Carter worked to learn how the city is making up the lost money.

Lost money.

"the space and missile defense symposium brings in thousands of people to the city of huntsville every year.

With it going virtual this time around, a lot of local industries are going to be dealing with a huge financial loss."

Pkg jamie koshofer, vp of conventions: "it's never good news when we learned that we're having one of our convetions this year, but we totally understand why things are being cancelled."

Jamie ko-cha-fer is the vice president of conventions at the visitors bureau.

He told me how much money the city is losing and who it hurts.

Jamie koshofer, vp of conventions: "the space and missile defense symposium brings in over a million dollars in economic impact into our city, and that goes into our restaurants, our hotels, our attractions and all our hospitality partners here."

Ko-cha-fer said it's asking the community to support local businesses to recover some of the loss.

But, all the city and bureau can really do stay positive and hope for a better year in 20-21.

Jamie koshofer, vp of conventions: "that's all you can do is remain positive and work each day to bring more business to huntsville, and that is going to continue to bring more visitors and tourists here to the huntsville madison county area, and that's what we do we keep promoting that message."

In hsv ashley c waay 31 news.