Government called on
The Association of Australian Convention Bureaux (AACB) Forward Calendar of International Business Events Jan 2019 report has highlighted that for the business events industry to grow further, political parties need to support the industry with better policies.
The report also states that approximately one in four international bids are lost due to financial incentives offered by competitors. Other attributing factors were high costs of holding an event in Australia including airfares, visas, accommodation, political factors and event delivery.
In order to grow the business events industry, the AACB has made the following suggestions – expand Tourism Australia’s bid fund program with additional investment to $10m per year; reduce the cost and complexity of visitor visas and invest in robust business events metric.