According to a Deloitte Access Economics study, delegates attending events at 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, is a key component of the NSW Government’s recent suite of infrastructure projects.
NSW 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%.
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 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 said.
Further achievements outlined in ICC Sydney’s 2017 Annual Performance Review include:
- 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 sells 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
- 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.
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.