New update further demonstrates economic contribution to Australia by Business Events Industry

The Business Events Council of Australia (BECA) has released an update of its 2013/14 study on the value of the business events industry to Australia's economy. The key figures, commissioned from global research firm, Ernst & Young, show that in 2015/16, business events: contributed $30.2 billion in direct expenditure, compared to $28 billion in 2013/14, critically supported Australia's GDP with a total economic contribution of $24.9 billion, compared to $23.1 billion in the previous period, and provided 193,203 direct jobs, increasing from 179,357 in the previous period. Matthew Hingerty, Chairman of BECA, said "The study provides a compelling case of the direct and indirect impact on the Australian economy and demonstrates why governments and industry should continue to invest in the sector."

Media release click here: