BUMPER TASSIE YEAR

Business Events News - - News -

THE MICE sector in Tas­ma­nia is at full steam ahead af­ter a strong 2016/17 fi­nan­cial year, Busi­ness Events Tas­ma­nia’s lat­est an­nual re­port shows.

In the pre­vi­ous fi­nan­cial year, more than 108 con­fer­ences took place across the state, which re­sulted in $113m in di­rect spend in the state’s econ­omy.

Over­all, 105 bids were suc­cess­ful in 2016/17, which rep­re­sented 23,671 del­e­gates with an es­ti­mated fu­ture eco­nomic value of $46m.

This was up from 88 bids con­firmed in the 2015/16 fi­nan­cial year, which would bring 19,513 del­e­gates and $35.5m in eco­nomic value.

Busi­ness Events Tas­ma­nia ceo Stu­art Net­tle­fold said 80% of MICE ac­tiv­ity in 2016/17 took place out­side of the peak tourist sea­son which ben­e­fit­ted the lo­cal econ­omy.

The an­nual turnover for the or­gan­i­sa­tion grew slightly from $1.46m in 2015/16 to $1.49 mil­lion in 206/17.

De­spite a good year, Busi­ness Events Tas­ma­nia re­ported a loss of $5,000 and re­tained an­nual earn­ings of $225k.

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