The Exhibitions and Events Association of
Australasia (EEAA) says its latest market monitor, which tracks the
health of the industry, reveals increasing business optimism among its
members, as the NSW government enters the final weeks of bid evaluations
for the new Sydney International Convention Exhibition and
Entertainment Precinct at Darling Harbour. This is the second report
produced by the EEEA, covering the period of January to June 2012, with
consolidated results for the full 2011/12 year. EEAA general manager
Joyce DiMascio (pictured) said it is encouraging to see the sector
perform strongly with optimistic forecasts for future growth. “Sixty
four percent of event organisers report the sectors they are operating
in are growing, compared with 52% in the previous six months. “Members
estimate they will deliver 27 new events in 2013 alone,” she said. The
report also shows that 38% of trade shows and 10% of consumer events
included a paid conference and that EEAA members hosted 649 events. EEAA
chairman Matthew Pearce said, “We understand that there is pressure on
the Government to deliver much needed social infrastructure – but it
must not lose sight of the fact that business events generate profound
economic and social benefits to the State. “We urge the Premier and
Ministers evaluating the options not to skimp on NSW’s economic future
by making a bland choice – this state needs to deliver a flexible,
world-class venue that is large enough to allow the industry to continue
on its growth trajectory. “The competition is not Melbourne, the
competition is the rest of the world and we need a convention,
exhibition and entertainment precinct that will be the envy of the
world. “As the international panel of experts now considers the two
short-listed consortia bids for the Sydney International Convention
Exhibition and Entertainment precinct, it is important the evaluation
driver is to produce a facility not simply competitive with the best in
Australia, but rivalling the best in the world.” According to the market
monitor, EEAA members organised 136 events in the financial year ended
30 June 2012, attracting more than 1.6 million visitors and 22,898
exhibitors. Members employed 2,659 full time staff, plus an additional
6,725 part time or contract staff. The industry contributes hundreds of
millions of dollars to the national economy, the association said.
(Source: Business Events News 12/11/12)