ICC Sydney generates economic impact of US$614 million in 2017

Sydney, 20th February: After opening in December 2016, the International Convention Centre Sydney (ICC Sydney) has reported an estimated economic impact in New South Wales of A$785 million (US$614 million) during its first year of operations.

 

About 71% of the economic benefit was generated through international and interstate visitors, amounting to US$438 million. This activity also generated over 1.5 million overnight stays in Sydney and created the equivalent of 3,700 jobs.

 

In 2017, ICC Sydney hosted 36 major international events (attracting 41,800 delegates), 151 national conventions (attracting 141,000 delegates) and 71 exhibitions events. The venue’s management also reported that it has secured 1,300 major national and international events through to 2026 and expects to post strong performance in 2018 and beyond.

 

CEO of ICC Sydney, Geoff Donaghy, commented, “ICC Sydney is proud to have welcomed 1.3 million visitors 755 different events, a significant number of which have seen boosted success and attendance figures alongside a delegate satisfaction rating 95% and client satisfaction rating of 93%... 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.”

 

Source: ICC Sydney press release