Sydney Festival injects millions to NSW economy

first_imgThe 2011 Sydney Festival, held earlier this year, has contributed an estimated $50.2 million to the NSW economy, according to an access economics survey released by the committee. According to the research, $25.3 million was a result of visitor expenditure and $24.8m from indirect flow-on measured from the demand on goods and services during the events. “The survey shows how enthusiastic Sydney Festival has been embraced by the public and its economic importance to the State,” The Minister for Tourism the Hon. George Souris said. Sydney Lord Mayor and MP Clover Moore said the survey confirms the importance of the Festival to the city’s economy and culture. “It also demonstrates that it is continuing to achieve one of the initial goals in establishing the Festival in the last 1970s, enlivening the city during the post –Christmas summer holiday period,” Ms Moore said.The 2011 Sydney Festival enjoyed an enthusiastic audience of 646,000 over the summer festival with 109 events held in 35 venues. Source = e-Travel Blackboard: D.Mlast_img

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