The Coalition Government’s Boosting Business Events Bid Fund Program has helped Australia secure another major international event with the Gold Coast winning the rights to host the SportAccord World Sport and Business Summit.
Minister for Trade, Tourism and Investment Simon Birmingham said the Summit would bring more than 1,500 international travellers from up to 100 countries to the Gold Coast next year.
“Congratulations to the Gold Coast for securing the rights to host one of the world’s largest sport and business summits,” Minister Birmingham said.
“Whilst the Gold Coast is well known as a holiday destination, its world-class facilities also make it an attractive destination for major business events.
“These types of events inject millions into the local economy and also support local businesses, create local jobs and will ultimately help enhance the Gold Coast’s reputation internationally as a must-visit destination.”
Gold Coast MP Steven Ciobo welcomed the announcement of another major event for the city.
“It’s great to see the Gold Coast continue to attract sports business events like the SportAccord Summit after garnering international attention as host of the 2018 Commonwealth Games.”
“The Coalition is growing the Gold Coast economy and helping to create local jobs by attracting more events like the Summit.”
The Gold Coast’s bid received funding assistance through the Coalition Government’s Boosting Business Events Bid Fund Program.
Managed by Tourism Australia, this program provides industry organisations with support during the bidding process to give them a competitive edge against other international destinations.
The average business events visitor spends on average at least twice as much as a leisure visitor. In 2017, business events visitors spent $4.75 billion in Australia.
The Summit will be held at the Gold Coast Convention and Exhibition Centre in May 2019.