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Auckland Records $46M of Business Events for FY 2017

Business ExecutivesAuckland’s regional economy continues to grow, thanks to the business events sector that contributed $46 million in the year ending July 2017, according to the Auckland Tourism Events and Economic Development (ATEED).

The Auckland Convention Bureau (ACB), which is a division of ATEED, clinched 58 business events over the last financial year in partnership with members and industry partners.

Business Promotion

It's unsurprising that the business events sector continues to thrive in the city, as it has been growing consistently in the last six years, according to ACB Manager Anna Hayward. For companies that plan to advertise an event soon, Signs n Stuff and other experts noted that screen printers in Auckland can help you promote an event even for just a short period.

Since June 2011, the ACB’s conversion of one in three opportunities generated more than $175 million in economic activity, Hayward said. Aside from economic value, the sector also provided a boost to the tourism industry. From June 2016 to July 2017, the region hosted more than 28,000 international and domestic delegates. These delegates stayed for more than 124,000 visitor nights over the last financial year.

Overall Economy

New Zealand’s economy may have increased in the second quarter of 2017, according to a Bloomberg survey. The poll based its findings on 12 economists, whose median estimates for gross domestic product rose 0.8% in the quarter and 2.5% for the year.

Primary industries and the services sector provided strong contributions, according to ANZ Bank New Zealand. Still, the growing population in the country held back per capita growth. Annual net migration reached 72,000 people in the last financial year, according to Statistics New Zealand.

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Business events in Auckland remain a crucial part of its economy, as evidenced by its financial contribution. The city’s economy may have also positively affected the overall economy in New Zealand.

  • Posted on September 27, 2017