Sydney business events industry gets multi-million-dollar lifeline
The NSW Government’s Covid-19 Economic Recovery Plan will help rebuild business confidence and reinvigorate event organisers, according to the state’s global bidding specialists BESydney.
Of the more than $530 million support package, $6 million goes to business events, conferences and conventions across Greater Sydney, Newcastle and Wollongong.
The recovery package is designed to encourage people back into the Sydney CBD and support industry suppliers.
The package also includes an Event Saver Fund to provide immediate support to organisers if events are cancelled or disrupted by any Public Health Orders during the 2021-22 summer, and $60 million for an Aviation Attraction Fund to incentivise international airlines to recommence flights to Sydney.
Minister for Jobs, Investment, Tourism and Western Sydney, Stuart Ayres said the much-needed investment will help revive businesses and bring tourism providers back.
"This funding recognises the sustained impacts from the pandemic, which severely damaged our tourism industry and put significant strain on businesses and staff."
"For our once thriving business visitor economy to reach its full potential we need caps to be lifted, delegates able to fly in, and staff attracted back to our hospitality and event venues.
BESydney CEO Lyn Lewis-Smith said the funding announcement was a great outcome for Sydney’s business events industry which has the lion’s share of the events market.
"With restrictions continuing to ease, Sydney is coming back to life and the funding will continue the positive momentum that we are starting to see," Lewis-Smith said.
BESydney says there are 98 events secured through to 2029 with a combined estimated direct expenditure of $524 million.
BESydney will administer the funding program in conjunction with Destination NSW, on behalf of the NSW Government.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
Sydney business events industry gets multi-million-dollar lifeline – Support
The NSW Government’s Covid-19 Economic Recovery Plan will help rebuild business confidence and reinvigorate event organisers, according to the state’s global bidding specialists BESydney.
Of the more than $530 million support package, $6 million goes to business events, conferences and conventions across Greater Sydney, Newcastle and Wollongong.
The recovery package is designed to encourage people back into the Sydney CBD and support industry suppliers.
The package also includes an Event Saver Fund to provide immediate support to organisers if events are cancelled or disrupted by any Public Health Orders during the 2021-22 summer, and $60 million for an Aviation Attraction Fund to incentivise international airlines to recommence flights to Sydney.
Minister for Jobs, Investment, Tourism and Western Sydney, Stuart Ayres said the much-needed investment will help revive businesses and bring tourism providers back.
"This funding recognises the sustained impacts from the pandemic, which severely damaged our tourism industry and put significant strain on businesses and staff."
"For our once thriving business visitor economy to reach its full potential we need caps to be lifted, delegates able to fly in, and staff attracted back to our hospitality and event venues.
BESydney CEO Lyn Lewis-Smith said the funding announcement was a great outcome for Sydney’s business events industry which has the lion’s share of the events market.
"With restrictions continuing to ease, Sydney is coming back to life and the funding will continue the positive momentum that we are starting to see," Lewis-Smith said.
BESydney says there are 98 events secured through to 2029 with a combined estimated direct expenditure of $524 million.
BESydney will administer the funding program in conjunction with Destination NSW, on behalf of the NSW Government.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025