The EEAA reports optimism

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)