Business Strategies Group

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ICC Sydney generates economic impact of US$362m

Sydney, 26th October: International Convention Centre Sydney (ICC Sydney) has released its Annual Performance Review for the financial year 2019/20. According to it report, the venue generated A$510 million (US$362 million) in direct expenditure for New South Wales (NSW). This was down from A$896 million (US$629 million) in the previous year.

A total of over 70,000 international visitors generated 73% of the venue’s total expenditure, amounting to A$375 million (US$266 million) which also contributed to the more than 981,000 overnight stays in Sydney. According to the report, the venue created more than 2,800 local jobs during the year.