According to a Deloitte Access Economics study,
delegates attending events at the International Convention Centre
Sydney (ICC Sydney) generated A$785 million in direct expenditure
for the State in its first year of operation.
Released in ICC Sydney’s inaugural annual
performance review, almost A$560 million (71%) of the generated expenditure is
derived from international and interstate visitors, resulting in
over 1.5 million overnight stays in Sydney accommodation and the
creation of 3,700 jobs.
The A$1.5 billion development,
which comprises an industry leading convention centre, exhibition
centre and a world class theatre (pictured), is a key component of the NSW
Government’s recent suite of infrastructure projects.
Minister for Finance, Services and Property, Victor Dominello,
applauded the venue for outperforming the State’s target of A$200
million in economic benefits for New South Wales.
“The venue has enriched Darling Harbour and
become a new icon in our city, underpinning Sydney’s reputation as
one of the most desirable events destinations in the world. Like the Hong
Kong Convention Centre and London Excel, ICC Sydney has cemented
itself as a leading venue and helped shine the spotlight on
Sydney,” Minister Dominello said.
CEO of ICC Sydney, Geoff
Donaghy, said he is proud of the venue’s achievements, including
setting a new standard in the events industry while helping to
stimulate the local economy.
“ICC Sydney is proud to have welcomed 1.3
million visitors across 755 different events, a significant number
of which have seen boosted success and attendance figures
alongside a delegate satisfaction rating of 95% and client
satisfaction rating of 93%,” Mr Donaghy said.
Donaghy said ICC Sydney’s innovative
approach to driving meaningful social and environmental outcomes
for clients and the wider community has also been key to its
“From day one, we have been committed
to operating in a socially responsible and environmentally sound
manner, creating a ripple effect of positive outcomes that reach
well beyond the city. Our unique Feeding Your Performance
culinary philosophy alone has generated more than A$4.3 million in
direct expenditure for a network of more than 85 New South Wales
producers while supporting job creation, business growth and
stability. According to a University of Technology Sydney
report, ICC Sydney’s expenditure with local producers generated a
total A$8.3 million in economic benefit for New South Wales. We are also extremely proud that our consortium achieved LEED
Gold status for our all-encompassing approach to sustainability,
and we supported 25 charity and not-for-profit events, resulting
in more than A$6 million being raised on site,” Mr Donaghy added.
Further achievements outlined in ICC Sydney’s
2017 Annual Performance Review
* Hosting 36 major international events attracting
41,800 delegates, 151 national conventions attracting 141,100
delegates and 71 exhibitions events held across the precinct;
Welcoming 56 concerts including two back-to-back sell out Jerry
Seinfeld concerts, international stars Ariana Grande, KD Lang,
Nick Cave and PJ Harvey;
* Partnering with Sydney Water to save
775,000 plastic bottles from use, indirectly reducing greenhouse
gas emissions by 400 tonnes;
* Introducing the first virtual
reality video experience for an Australian conference venue;
Being the first venue of its kind to pilot a remote airline
check-in and baggage drop service for delegates; and
* Launching a
unique multi-streamed Legacy Program, designed to connect the
world’s brightest minds, industry leaders and delegates across a
diverse cross-section of Sydney’s vibrant community.
Sydney is set to continue its stellar performance in 2018 and
beyond, having already secured 1,300 leading major national and
international events across sectors to 2026.
the likes of the Royal Australasian College of Surgeons and its
4,000 delegates in May, Sibos 2018 in October, COSPAR 2020 -
dubbed the space Olympics - and the 18th World Congress on Medical
and Health (MedInfo 2021).
“As an organisation, we are
committed to cultivating impactful end-to-end experiences for our
clients, partners and visitors which are felt long after events
take place, while continuing to elevate Sydney’s position on the
global stage. We have achieved great things in 2017, and we have
only just begun,” said Donaghy.
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