ACCC backs Besyd’s terms

THE Australian Competition and Consumer Commission (ACCC) has granted authorisation in a draft determination for 20 years to allow Business Events Sydney member hotels to provide a common set of minimum terms to event organisers in a bid to lure more international events to Sydney.

The deal covers large-scale events with more than 2,000 international delegates expecting to result in bookings of ten or more of the members’ hotels for accommodation. Common hotel terms are a major drawcard when it comes to selecting a host city.

Swift Senior Relationship Manager David Bridgeman, who manages the 7,500 delegate global financial services congress Sibos, wrote in his submission that “a city that is able to provide the benefits will have a clear competitive advantage over cities where this is not available – it makes the process of selecting a city and delivering a major event a more seamless experience”. benefits, business events can leave lasting legacies thanks to knowledge exchange, research and business partnerships sparked by meetings of the minds.”