Annual results point to a bright future for business events in Melbourne
November 22, 2021
- MCB secured 40 business events worth $150M for Victoria
- Over 65,800 room nights secured - enough to fill the city 3 times
- Strong pipeline of business and contribution to the State up until 2028
- Over 1,800 jobs created from business events secured
Melbourne Convention Bureau (MCB) has outlined encouraging results in its 2020/21 Annual Report released today, announcing they have secured 40 business events worth $150 million to add to its strong pipeline of future events for Melbourne. From 2022-2028, this pipeline now boasts 118 business events that will attract 133,495 delegates, filling 387,372 hotel room nights across the city and set to inject $804 million into Victoria’s visitor economy.
Speaking at the company’s Annual General Meeting, MCB Chief Executive Julia Swanson reflected on the challenges created by the pandemic and how the Bureau’s purpose has never been more relevant than over the past year.
“Driving economic and social progress for Victoria by securing and delivering world class business events, has provided MCB with a strong sense of direction in the shadow of the COVID-19 pandemic. Against this backdrop, we have delivered a sound result, strengthening Melbourne’s position as a global leader in business events and reinforcing Victoria’s reputation as Australia’s event capital.
“Our strategy has been the right one to guide the organisation in laying the foundation for a bright future for business events in our State. From enhancing our profile and business opportunities across both international and domestic markets, engaging stakeholders, and an ambition to provide a leading digital experience for professional event organisers and event planners globally,” said Ms. Swanson.
Chair of the MCB Board Deborah Beale AM acknowledged the strength and stability afforded through the Victorian Government’s long-term investment of $41.3 million in MCB over four years and stated it has been a significant factor in enabling the Bureau to continue its business development for larger international association events, and a focus on driving short term business via the domestic market.
“This commitment recognises business events as an important contributor to our economy and has also supported a broadened focus of MCB’s business event acquisition into the domestic business events market with the successful launch of the National Business Events Program, designed to aid the immediate restart of the business events sector,” said Ms. Beale AM.
The first of its kind for Victoria, the funding program provided business event organisers with a significant cash injection to support costs for hosting their events in Melbourne. The events approved at the close of the financial year and to be held in 2022, are expected to deliver $102 million in economic contribution to the State.
Ms Deborah Beale AM, current Chair of the MCB Board and Director, Federation Square, was re-elected for a three-year term and Mr Adrian Williams, Vice President Operations (Victoria, Tasmania and South Australia) for AccorHotels was also re-elected for a further three-year term as Director.
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Notes to editors: Read the Melbourne Convention Bureau 2020/21 Annual Report here. Download the Director’s and financial reports here.
Media enquiries: Giselle Lloyd, Melbourne Convention Bureau T +61 3 9002 2325 / +61 429 553 183 / [email protected]