Answer 1
This is bad news for amusement and theme parks because the number of children has become stagnant or declining depending on region.
Answer 2
Cities compete vigorously for convention business by building facilities that can accommodate all types of gatherings. This is done in the belief that attracting conventions and meetings will benefit the hotels, restaurants, and other travel and tourism establishments in the area and lead to greater job creation. The incremental spending that gets created may be more illusory than real in many cases. For example, the Republican National Convention in New York City during the summer of 2004 brought in thousands of visitors but the city had already been doing very well with foreign tourists due to a soft dollar as well as domestic tourists due to a growing national economy. Most of these overseas and non-convention visitors were displaced to make room for the conventioneers who, in turn, probably spent less money in the aggregate since their room rates would have been negotiated at lower group rates and who also gained access to a lot of free meals sponsored by the various state parties. In general, conventions held during otherwise busy periods cannot add much to the economy of a city. Another potential negative involves the added taxes that local citizens must pay to fund the bonds issued to pay for the new or refurbished facilities. Nevertheless, cities for whom tourism is not a major local industry are unlikely to cede an edge to others for fear of losing this business which is usually a plus in terms of spending and job creation.
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