Despite the current global pandemic, the Northern Territory’s events industry has boomed over the past financial year, giving the local economy a much-needed boost.
New research shows eight events delivered or promoted by Northern Territory Major Events Company (NTMEC) during the 2020-21 financial year raised an economic stimulus of $109.8 million for the Territory, of which $64.9 million was new money. Combined, the events were responsible for generating 257,590 visitor nights and supported the equivalent of 433 full-time jobs.
NTMEC CEO Tim Watsford said the research showed the enormous benefits events bring to the host region.
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