ICC Sydney generated AUD$820m for Sydney in 2018

Australasia News
ICC Sydney generated AUD$820m for Sydney in 2018

According to a Deloitte Access Economics study, delegates attending events at International Convention Centre Sydney (ICC Sydney) generated A$820 million in direct expenditure for the State in its second year of operation, an increase of A$35 million on the A$785 million direct contribution in 2017.

International and interstate visitors helped generate 72 per cent (A$590 million) of the total expenditure, resulting in more than 1.57 million overnight stays in Sydney accommodation and the creation of 5,248 full time equivalent jobs for the local economy.

A key component of the NSW Government’s suite of infrastructure projects, ICC Sydney is a A$1.5 billion development which comprises an industry leading convention centre, exhibition centre and major entertainment theatre.

NSW Minister for Finance, Services and Property, Victor Dominello said the results of the study demonstrated the remarkable success of ICC Sydney since its opening in December 2016.

“The figures speak for themselves – ICC Sydney is a big win for Sydney, providing visitors with world class events, and boosting the economy and creating jobs.

“The venue has also enriched Darling Harbour and put Sydney on the map as Australia’s number one destination for events and exhibitions,” Minister Dominello said.

CEO of ICC Sydney, Geoff Donaghy said he is proud of the venue’s achievements in stimulating the local economy while setting new standards for the business events industry.

“ICC Sydney is proud to have welcomed another 1.3+ million visitors across more than 700 successful events in 2018 and simultaneously enhancing the city’s reputation globally and creating opportunities for our talented, local community.

“Our world class operation of ICC Sydney saw our satisfaction ratings improve on an already strong result in 2017, with a near-perfect delegate rating of 99% and client rating of 97%.”

Donaghy said ICC Sydney’s dual focus on putting its people first and serving the community has been critical to the venue’s strong performance.

“Our investment in our people and our engagement with the community around us is ultimately what underscores the success of our clients and the experience of our visitors.

“We firmly believe in equipping our people with the skills they require to succeed, providing careers, not just jobs. This mindset is the foundation of our inclusive and diverse culture and directly correlates with our achievements as a business.

“This approach to diversity and inclusion extends to the community where we’ve built an incredible network that all come together to make our event delivery possible and create a ripple effect of positive outcomes.”