More funding for NSW events

Business Events News - - News -

IN­DUS­TRY lead­ers have wel­comed the NSW budget handed down this week, in­clud­ing a boost in funding for tourism and busi­ness events.

The NSW Gov­ern­ment al­lo­cated a to­tal of $193 mil­lion for the tourism and events sec­tors, a 10% in­crease on 2016-17.

Of the to­tal, $95 mil­lion is set aside for se­cur­ing and sup­port­ing events in ar­eas span­ning en­ter­tain­ment, life­style, sports and arts, in­clud­ing $8.1 mil­lion for busi­ness events.

Tourism & Trans­port Fo­rum chief ex­ec­u­tive Margy Os­mond said the funding would help NSW bol­ster the vis­i­tor econ­omy, grow its rep­u­ta­tion and drive more del­e­gates to the state, while at the same time cre­at­ing and sup­port­ing jobs.

“The $8.1 mil­lion for busi­ness events funding will also sup­port NSW’s abil­ity to fur­ther cap­i­talise on its rep­u­ta­tion as Aus­tralia’s busi­ness and ma­jor events cap­i­tal,” Os­mond said.

Tourism Ac­com­mo­da­tion Aus­tralia ceo Carol Giuseppi also wel­comed the funding, say­ing the ad­di­tional in­vest­ment came at a crit­i­cal time in the tourism cy­cle with the new In­ter­na­tional Con­ven­tion Cen­tre Syd­ney re­cently opened and more than 40 ho­tels un­der de­vel­op­ment.

“This in­creased level of in­vest­ment has been in­stru­men­tal in im­prov­ing the sus­tain­abil­ity of ac­com­mo­da­tion in­vest­ment and is par­tic­u­larly im­por­tant in cap­i­tal­is­ing on the gov­ern­ment’s ground-break­ing in­vest­ment in the In­ter­na­tional Con­ven­tion Cen­tre,” she said.

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