A year long study by Visit York has revealed that business tourism generated £132.4 million worth of trade to the city's venues in 2007.
The figures herald another significant annual increase from 2006, where the overall economic impact was £98.4 million and 2005 (£34 million).
The study surveyed 20 venues and also found that 43% of events involved an overnight stay up from 33% in 2006. In total 1.3 million delegates attended events in York in 2007, generating over 1.8 million delegate days - an increase of 200,000 delegate days on 2006.
"We're delighted by these results," said Visit York marketing manager Kate McMullen. "Conferences and meetings generate important revenue for York and we should not underestimate the economic impact that business tourism has on the city."