In The Community
Economic Impact
Ottawa Convention Centre (OCC) attracted 54,500 out-of-town visitors that boosted Ottawa’s economy by $101 million in 2012, according to an economic impact study conducted by Ipsos Reid.
Commissioned by OCC, the study analyzed spending on the 57 conventions and tradeshows held at the new facility in 2012 that drew at least 25 percent of participants from outside the Ottawa-Gatineau area. The $101 million in direct spending includes:
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$78 million in attendee spending
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$16 million in exhibitor spending
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$7 million in production spending
The study found these conventions and tradeshows attracted more than 47,000 delegates and attendees from outside Ottawa and nearly 6,000 staff members that represented more than 1,500 non-local exhibitors. These events also generated tax revenues for the federal and provincial reserves estimated at more than $38 million.
“This report reconfirmed OCC as a major contributor to Ottawa’s economy and a key partner to local businesses,” said OCC President and CEO Patrick Kelly. “From our beautiful downtown hub, exhibitors and guests radiate out to hotels, shops and restaurants, eager to spend time and money in our spectacular city.”
The OCC is now generating more revenue per square foot than any other convention centre of its size in Canada.
The newly re-built Ottawa Convention Centre opened in April 2011. Being a G8 capital, Ottawa needed a new convention centre that could accommodate large scale events. The centre is a ‘stay-at-home export’ as it attracts business to our nation’s capital that would otherwise go elsewhere. The aggressive marketing outreach in the global marketplace that has taken place over the past few years in partnership with local hotels and Ottawa Tourism has paid off. This is evidenced by the 1,289 jobs (direct, indirect, and induced) that are supported solely by the convention business accommodated by OCC in the second year of operation and the $101 million estimated in economic impact to the city of Ottawa.
Benefits of a new Ottawa Convention Centre -- Tourism & Hospitality Sector
THE YEAR 2012 IN REVIEW
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527 events;
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315,300 attendees;
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90 National and International Conventions;
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47,000 convention delegates and over 1,500 non-local exhibitors;
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The direct spending on convention centre events including out-of- town delegates, exhibitors and production is estimated at $101 million;
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This direct spending contributes approximately $81.5 million to Ottawa’s GDP; and
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Approximately 1,289 jobs are supported resulting in $53.5 million in labour income. This includes $36 million in labour income that stems from 981 jobs that are supported directly.
eCONOMIC IMPACT - DIRECT SPEND BROKEN DOWN
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$78 million in attendee spending
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$16 million in exhibitor spending
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$7 million in production spending
Benefits of a new Ottawa Convention Centre – Transportation Sector
Both out-of-town and local event guests use Ottawa's taxi, limousine, car rental and shuttle services. With its expanded operations, the Centre will continue to support the local transportation industry by:
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Generating an additional $500,000 annually in local Airport Improvement Fees;
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Generating $1.929 million annually in revenues for local taxi companies;
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Generating $161,000 annually in tips for local taxi drivers;
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Generating 43 FTEs annually in the local taxi industry;
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Generating $1.78 million annually in revenues for local car rental companies;
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Generating $325,000 annually in revenues for local shuttle companies; and
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Generating $1.303 million annually in gasoline sales.
Benefits of a new Ottawa Convention Centre – Taxation Revenues
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Tax revenues estimated at $38 million for 2012
MEETINGS AND CONVENTION SECTORS AFFECTED BY oTTAWA cONVENTION CENTRE BUSINESS
Major industries affected:
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Accommodation Services
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Food and Beverage Services
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Retail Trade, Arts, Entertainment and Recreation
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Information and Cultural Industries
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Ground Passenger Transportation
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Other Transportation and Warehousing
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Car Renting and Leasing
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Finance
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Insurance
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Real Estate and Renting & Leasing
other benefits of meeting
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Meetings promote investment, trade, communications and technology
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Meetings bring education and professional development to the community
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Meetings promote and support other business sectors
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Meetings attract global expertise
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Meetings build community profile
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Meetings represent the high end of visitor spending
More information available in our Annual Report
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