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August 18, 2015

Australia: Convention Centres Outperform GDP

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Growth in convention centre business is outpacing the overall global economy, according to the International Association of Convention Centres' (AIPC) latest annual Performance and Prospects Survey for 2015.

AIPC member centres documented revenue increases for 2014 that are more than two percentage points higher than worldwide GDP as tracked by the IMF, lending further strength to the idea that the industry is actually helping drive economic growth instead of simply responding to recovery.

The survey has been tracking industry performance and confidence levels for six years, making it one of the most extensive bodies of centre-related information in the industry.

“Our Annual Survey continues to be one of the most valuable means we have for tracking both actual and anticipated performance, and it has now been fine-tuned to a point where it enables both multi-year and regional comparisons”, said AIPC president Geoff Donaghy.

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