ACT losing business without adequate convention facility

Further evidence has emerged that Canberra is missing out on major events as the ACT Labor government seems to show no interest in delivering an adequate convention facility. The Business Events Council of Australia (BECA) has released a report The Value of Business Events to Australia and it shows a sad reality for the ACT, Shadow Minister for Business and Economic Development Brendan Smyth said today.

“The BECA’s report has the ACT hosting only 4 percent of events in the state breakdown in 2013-14. This is a paltry figure and a figure too low for Australia’s capital city,” Mr Smyth said.

“The BECA report also shows the ACT had only 5 percent of visitors nationally for the events we do have, while direct expenditure is a lowly 3 percent of the national total.

“In 2013-14 there were nearly 400,000 events nationally attracting some 26.5 million delegates. There more than 2000 exhibitions staged in Australia with 65,000 exhibitors and 9.3 million visitors. There is clearly action in the marketplace and Canberra is missing out on tapping into that business.

“Unlike wasting hundreds of millions of dollars on light rail the government should look at alternative ways to really drive economic growth in Canberra,” Mr Smyth concluded.

The full report can be found at:
http://www.businesseventscouncil.org.au/files/View_Report.pdf