San Francisco is getting ready to host the Asia-Pacific Economic Cooperation (APEC) Summit in November, which is expected to be the city’s biggest international event in decades. The summit will draw leaders from 21 member economies, including two dozen heads of state, a thousand CEOs, and hundreds of foreign journalists. The event is also expected to bring as many as 30,000 visitors to the city, which will provide a significant boost to the local economy.
Why San Francisco is the Right Place to Host APEC
City leaders are confident that San Francisco is the right place to host APEC, citing the city’s large Asian population and its reputation as a hub for innovation and technology. “Yes, I think we are ready. I think San Francisco is a great place to hold APEC with our large Asian population,” said Rodney Fong, the President and CEO of SF Chamber of Commerce. “This is an important component to our city; it’s important to our region, It’s important to our country,” said Warner Thomas, President and CEO of Sutter Health. “To be able to have this event and host this event in San Francisco is amazing. So, I think you’ll continue to see people and organizations lean in.”
Concerns about Hosting APEC
Despite these positive comments, there are concerns about whether the city is ready to handle the influx of visitors and the logistical challenges that come with hosting such a large event. However, preparations are well underway. Digital signs announcing the summit are already up at bus shelters all over the city. Restaurants and other businesses are looking forward to the influx of visitors in mid-November. The event is also expected to provide a significant boost to the local tourism industry.
The Economic Impact of APEC
The APEC Summit is expected to bring $50 million of direct economic impact to the city, according to the SF Chamber of Commerce president. The event is also expected to provide a significant boost to the local tourism industry. The accompanying APEC CEO Summit will bring CEOs, entrepreneurs, thought leaders, and other stakeholders together with the most senior political leaders from the Asia-Pacific region to discuss creating economic opportunity.
The Asia-Pacific Economic Cooperation Summit is coming to San Francisco in November, and it’s expected to be the city’s biggest international event in decades. The summit is expected to bring in $50 million in direct economic impact, and hotels in the city are already booked up. The city is working with federal and state law enforcement to ensure the safety of the summit.