NSW economy given $896bn boost from ICC Sydney

International Convention Centre Sydney (ICC Sydney) welcomed 1.4 million delegates attending events who generated $896 million in direct expenditure for the State in the venue’s third year of operation.

The figures were released as part of ICC Sydney’s 2019 financial year performance results.

International and interstate visitors helped generate nearly three quarters (73 per cent) of the total expenditure. Furthermore, the venue’s operations and events delivered an economic contribution to NSW of $902 million.

“ICC Sydney is generating economic and social benefits for our citizens and our approach to providing unique experiences through event programming places local talent centre stage and elevates Sydney’s reputation for creativity and innovation,” said ICC Sydney CEO Geoff Donaghy.

“Another key contributor to our success is the talented team behind these results. Our EY Sweeney delegate satisfaction survey again revealed an extraordinary 99 per cent rating and our client satisfaction rating increased from 97 per cent to 99 per event.”

NSW Treasurer Dominic Perrottet said ICC Sydney is boosting the economy, creating jobs and giving back to the community.

“ICC Sydney is a best practice example of why the State invests in major infrastructure projects – delivering a win for the people of NSW, the economy and visitor experiences while enhancing our city’s reputation globally.”

With the business fundamentals in place, and as a major piece of government infrastructure, Donaghy said that international convention centres also have an obligation to look beyond the numbers.

“Our commitment to community is evident across a number of areas including our work with First Nations people and their businesses, students, start ups and entrepreneurs, feeding people in need and providing the creative industries access to our world stage,” he said.

“Highlights from across the financial year include becoming the first convention centre nationally to launch a Reconciliation Action Plan, creating opportunities for artists from the Talent Development Program, Bankstown Poetry Slam and the Kari Foundation to perform at ICC Sydney and donating thousands of meals to community members.

“Celebrated as more than a magnificent venue, our investment in our people and our engagement with the community around us are the critical ingredients to our client’s success and the experience we deliver for visitors.”

Following a strong performance, ICC Sydney’s pipeline of events is looking positive, having already secured a further 1520 leading major national and international events across sectors to 2030.