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Licensing Expo wraps up ahead of busy Memorial Day weekend in Las Vegas

Posted at 4:18 PM, May 26, 2017
and last updated 2017-05-26 19:18:13-04

An estimated 16,000 people attended the Licensing Expo this week, ahead of a busy Memorial Day weekend in Las Vegas.

RELATED: 2017 Memorial Day events, specials in Las Vegas

The annual trade show, held at the Mandalay Bay Convention Center May 23-25, brought together some of the world's biggest and more influential brands with manufacturers, licensees and retailers.

The Licensing Expo actually made its appearance in Las Vegas about a month earlier than past years when the event was held in June. The reason was to increase business opportunities for those involved and fit into the "global business cycle" with its various conventions and trade shows.

Business-wise for Las Vegas, the Licensing Expo brings in an estimated $25.3 million, according to the Las Vegas Convention and Visitors Authority.

While that's significant, Memorial Day weekend this year is estimated to boost the city's economy by about 10 times that amount. The projected visitor spending is $252.6 million, a 0.9 percent increase from last year.

The LVCVA reported that tourism brought in nearly $60 billion to the local economy while conventions and trade shows make up $9.3 billion in that.

Memorial Day is also expected to bring in possible record crowds to Las Vegas with 328,000 people, compared to 325,000 last year.

It may not be a concern for locals but for visitors, rooms are expected to be booked, close to 100 percent occupancy.