Columns
Residents' Association Image

Residents' Association

We have just come through the storm of the century – apparently
Read more >>

Business in Southbank Image

Business in Southbank

Blockchain is booming!
Read more >>

St Johns Southgate Image

St Johns Southgate

Light in the darkness
Read more >>

Owners Corporation Law Image

Owners Corporation Law

Strata land 2017: The year in review, and predictions for 2018
Read more >>

Montague Community Alliance

‘tis the season to be grateful … tra la la la…
Read more >>

Housing

We are losing our social licence to operate
Read more >>

Federal Politics Image

Federal Politics

Marriage equality passes Parliament
Read more >>

We Live Here Image

We Live Here

Open letter to the Premier of Victoria
Read more >>

Southbanker Image

Southbanker

An advocate for Southbank living
Read more >>

History Image

History

Television – Southbank leads the way
Read more >>

Skypad Living Image

Skypad Living

Vertical Smarts
Read more >>

Health and Wellbeing Image

Health and Wellbeing

Mental health makes our physical health
Read more >>

Councillor Profile Image

Councillor Profile

The making of a lord mayor
Read more >>

Pets Corner Image

Pets Corner

Our happiest resident!
Read more >>

Southbank Fashion Image

Southbank Fashion

Spring racing in Southbank
Read more >>

Street Smarts Image

Street Smarts

Power Street – Southbank
Read more >>

Letters Image

Letters

A sincere thank you
Read more >>

MCEC’s record year

10 Aug 2017

MCEC’s record year Image

By Kate Mani

The Melbourne Convention and Exhibition Centre (MCEC) has reached record-high financial year results for the fifth year in a row.

MCEC recorded a total operating revenue of $80.1 million and a contribution of over $969.1 million to Victoria in 2016/17.

The results are attributable to the 1026 events held at the MCEC during the last financial year, including 75 national and international conventions and 77 exhibitions.

The rise in popularity of MCEC’s Plenary concert venue has also played a role, with concert and entertainment events increasing by more than 50 per cent compared to the 2015/16 financial year.

Minister for Tourism and Major Events John Eren said that the results were an encouraging sign for MCEC’s 2018 expansion and future visitor numbers.

“The visitor economy is one of our greatest strengths, and MCEC plays a vital role in driving economic growth and creating jobs in Victoria,” he said.

“MCEC will be able to host even more events and attract more people through their doors once our expansion is complete.”

More than two million visitors have attended MCEC in the past year for various events and the venue has received a high satisfaction rate of 85 per cent and $3.1 million in increased revenue.

MCEC’s Chief Executive Peter King believes that the venue’s upwards trends will continue with the expansion project, with an expected increase in revenue of 70 per cent by 2022.

“Our business is going through an exciting period of growth. Our infrastructure is expanding, our employee numbers are increasing, and our customer list is growing,” he said.

Throughout the expansion project and upgrades to the current venue, focus will remain on increased employee and event numbers, with continued significant investment in employee training, safety and security.

“MCEC has become a real community asset, thanks to our involvement in major public events such as the Good Friday Appeal,” Mr King said.

“Melburnians deserve just as much acknowledgment as international delegates for our venue’s success.”

 

Stay in touch with Southbank. Subscribe to FREE monthly e-Newspaper.

You must be registered with Southbank Local News to be able to post comments.
To register, please click here.