Delegates who attended events at the International Convention Centre Sydney (ICC Sydney) generated AUD785 million (USD621.5 million) in direct expenditure for the State in its first year of operation.
Released in ICC Sydney’s inaugural annual performance review conducted by Deloitte Access Economics, almost AUD560 million (71 percent) 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.
NSW Minister for Finance, Services and Property, Victor Dominello, applauded the venue for outperforming the State’s target of AUD200 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.
“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 percent and client satisfaction rating of 93 percent,” said Geoff Donaghy, CEO of ICC Sydney.
As a result of putting innovation at the heart of the organisation, ICC Sydney has received strong praise and recognition for its global industry leadership and world-class offering. In 2017, the venue garnered 25 awards and accolades recognising excellence across all facets of the business from its design to human resources and culinary services.
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 strong performance.
“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 AUD4.3 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 AUD8.3 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,” Donaghy said.
Further achievements outlined in ICC Sydney’s 2017 Annual Performance Review include:
ICC 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.
This includes 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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