37 million people visited Australia on business events in 2014

The Business Events Council of Australia (BECA) released a report by Ernst & Young (EY) highlighting that: Over 37 million people attended more than 412,000 business events across Australia in financial year 2013-14. This generated $28 billion in direct expenditure, 13.5 billion in direct value added, 179,357 direct jobs and $23.1 billion in total economic contribution (GDP).

 The Association of Australian Convention Bureaux (AACB) is an active member of BECA, and played a key role in the strategic development of the study. The EY report also accentuates the work AACB conducted in partnership with Deloitte Access Economics in 2014 on Australia’s International Business Events Sector: the Economic and Strategic Value Proposition.

 AACB President Lyn Lewis-Smith welcomed the new report, as it further highlights the significant contribution that business events add to the Australian economy including jobs, taxes, productivity and regional dispersal.

“The Australian business events sector is now armed with a strong case warranting recognition and support by all levels of government. These important and complimentary findings also provide further backing to the Federal Government’s recent announcement of a new framework to attract business events to Australia.”
Source: http://goo.gl/Z3Fze2