Conferencing a boost to tourism
With an estimated 1.3 million people attending conferences and events in the Mother City, the sector stands to have a “huge impact on the economy of the Central City”.
This was recently highlighted at a Cape Town Central City Improvement District (CCID) business breakfast, held at the Cape Town International Convention Centre (CTICC).
In the financial year ending June last year, the CTICC hosted over 416 000 delegates at over 480 events. Figures released by the CTICC indicate that for that year it generated R216m in revenue and R47m in after-tax profits, contributed R3.7bn to the national economy and sustained 7824 jobs. In the year prior to this, the CTICC generated around R210m.
The CTICC’s expansion was opened at the beginning of this year, adding even more facilities to the basket of conferencing and event facilities.
In a speech at full council in January, Mayor Patricia de Lille announced the opening by saying: “The CTICC 2 is a significant contributor to the City’s efforts to boost Cape Town’s reputation as a globally competitive business events destination and will enhance the socio-economic benefits the centre produces.
Source: news24.com