section_path: Economy/Tourist and convention business
section_name: Tourist and convention business
paragraph_text: Tourist and convention business
  
  Tourism is a staple of the city's economy. Perhaps more visible than any other sector, New Orleans' tourist and convention industry is a $5.5 billion industry that accounts for 40 percent of city tax revenues. In 2004, the hospitality industry employed 85,000 people, making it the city's top economic sector as measured by employment. New Orleans also hosts the World Cultural Economic Forum (WCEF). The forum, held annually at the New Orleans Morial Convention Center, is directed toward promoting cultural and economic development opportunities through the strategic convening of cultural ambassadors and leaders from around the world. The first WCEF took place in October 2008.