Latest News

Back to Latest News back

 

Blockbusters at Perth venues contribute to $286 million boost for Western Australian economy  

Blockbusters at Perth venues contribute to $286 million boost for Western Australian economy  
October 25, 2024

Premier Perth venues including RAC Arena, Optus Stadium and HBF Park with their ability to hold massive crowd numbers and deliver impressive and memorable event experiences, result in events continuing to return to the city.

Blockbusters held at these Perth venues are among the major, large regional and mass participation events funded by the Western Australian Government last financial year which boosted the state’s economy in 2023/24 by an impressive $286 million.

Securing major events is an important part of the WA Government's plan to create local jobs and set up the state's economy for the future, and the strategy is clearly working with last financial year's total smashing the 2022-23 figure by more than $100 million.

More than a third of the economic impact was generated by three blockbusters - Coldplay ($43.3 million), WWE: Elimination Chamber ($36.2 million), and the FIFA Women's World Cup matches ($25.3 million).

Other events held throughout the financial year also delivered massive benefits to the WA economy.

The inaugural HSBC SVNS Perth, which took place over three days in January 2024 at Perth rectangular stadium - the first global SVNS event to sell out on the final day, generating $7.4 million in economic impact and attracting more than 3,600 interstate and international visitors.

In May, a sellout crowd - including 2,000 people from outside Western Australia - packed into RAC Arena for the Triple World Title Boxing event, headlined by Australian George Kambosos Jr and Ukrainian Vasiliy Lomachenko, injecting $4.1 million into the Western Australian economy.

The Italian football spectacular which kicked off the June long weekend also benefited the Western Australian economy. The historic match between AS Roma and AC Milan was the first time the two Serie A teams have played on Australian soil and took place in front of a 56,000 strong crowd at Optus Stadium. That event drew 7,500 people from interstate and overseas, delivering $8.9 million in economic impact.

Regional Western Australia also benefited from a range of events held across the State, including Broome's Festival of the Pearl Shinju Matsuri - which injected $6.2 million into the local economy - and the Margaret River Pro, which generated $8.1 million.

The Western Australian Government currently has 25 major events secured for the 2024-25 financial year, supported by its $77.5 million events budget.

Economic impact assessments include measurements of the total number of visitors, their average length of stay and average daily spend at hospitality, accommodation, retail, entertainment and tourism businesses.

Western Australian Tourism Minister, Rita Saffioti enthused "Western Australia is well and truly on the map when it comes to major events.

"We're successfully securing global-scale events, putting the eyes of the world on Western Australia, bringing in thousands of visitors and helping our city to reach its full potential, while creating jobs, supporting small businesses and pumping millions into our economy.

"Our world-class facilities, including the international award-winning RAC Arena and Optus Stadium, provide incredible venues for major events, holding massive crowd numbers and delivering an event experience that often results in events returning to Perth time and time again.

"We have so much to offer visitors from all over the world, and this event strategy is clearing giving many thousands of people a reason to come to Western Australia and see all that we have to offer."

Image top. Triple World Title Boxing event May 2024. Credit: RAC Arena; Image centre: Coldplay on stage at Optus Stadium. Credit: David Etherton/VenuesWest; Image below: The Western Australian Margaret River Pro

Related Articles

25th October 2024 - Busselton $44 million Convention and Performing Arts Centre nears completion

25th October 2024 - City of Perth, TDC, Parrtjima and Santos Tour Down Under among 2024 National Events Award winners

22nd October 2024 - ABEA releases report on state of the Business Events Industry

15th October 2024 - G’day Australia event showcases Western Australia to international tourism industry

14th October 2024 - Dayton District Open Space secures award for Western Australia’s top football facility

14th October 2024 - Four Corners program scrutinises Live Nation’s practices within Australian music industry

10th October 2024 - Western Australian Government to invest $17 million in Perth Convention and Exhibition Centre redevelopment

3rd October 2024 - Perth’s HBF Arena and HBF Stadium to return to generic names after failure to secure new naming rights

26th September 2024 - Perth Concert Hall redevelopment to commence in 2025

25th August 2024 - Ticketmaster Australia renews VenuesWest partnership

20th August 2024 - Coldplay, WWE, FIFA deliver $105 million into the Western Australian economy

13th August 2024 - Consumer Protection WA reissues ticket scalping alert for UFC event at Perth’s RAC Arena

31st July 2024 - VenuesLive appointed caterer at Perth’s HBF Park

8th July 2024 - Western Australia Government paid $8 million subsidy to Live Nation Entertainment for 2023 Coldplay concerts

5th July 2024 - Western Australian Government warns over ticket scalping risk for Perth’s sellout UFC 305

3rd June 2024 - Live music fans move from festivals towards stadium and arena acts

11th May 2024 - $37 million budget allocation to attract blockbuster events to Western Australia

15th April 2024 - Margaret River Pro surfing event backing extended until 2028

28th March 2024 - UFC announces details of Saudi debut and commitment to more Perth bouts

22nd September 2023 - RAC Arena welcomes recognition as Australian Event Awards’ Venue of the Year


Support our industry news service
We hope that you value the news that we publish so while you're here can we ask for your support?

As an independent publisher, we need reader support for our industry news gathering so ask that - if you don't already do so - you back us by subscribing to the printed Australasian Leisure Management magazine and/or our online news.

 

supplier directory

The Complete Guide to Leisure Industry Products & Services.

See the directory see all

Riedel Communications Australia Pty Ltd

We live for media production and global events, providing real-time networks for video, audio, data and communications.

read more

Entertainment / Events / Technology / Venues

 
 

TicketSearch Pty Ltd

TicketSearch is focused on providing businesses, organisations, and venues with affordable, efficient, and powerful self-managed ticketing solutions. The organisation has offices in Australia, New…

read more

Attractions / Entertainment / Technology / Ticketing / Venues

 
 

State Wide Pool Services

Known as Hydrilla since September 2020 - see www.ausleisure.com.au/suppliers/hydrilla-pty-ltd

read more

Aquatics

 
 

GymMaster

Contact: Australia: (+61) 1800 849 001 New Zealand: (+64) 3 668 5727 International: (+1) 415 915 0375

read more

Fitness / Recreation / Technology

 
 

The Pool Enclosure Company

Now TPEC Pool Enclosures - see www.ausleisure.com.au/suppliers/tpec-pool-enclosures

read more

Aquatics / Design / Recreation / Venues

 
 

Elite Pool Covers

Since 1989 Elite Pool Covers have designed and manufactured an extensive range of high quality affordable manual,semi-automatic and fully-automatic pool cover systems for the harsh Australian…

read more

Aquatics / Environment / Technology / Venues

 
 

TPEC Pool Enclosures

TPEC Pool Enclosures provide a large range of premium commercial and residential retractable swimming pool, spa and terrace enclosures throughout Australia, servicing residential, local government…

read more

Aquatics / Design / Recreation / Venues

 
 

@leisure Planners

@leisure is a team of experienced leisure, aquatic and sports facility managers and planners, with market modelling, sports management, recreation planning, business and GIS qualifications. We have…

read more

Consultants

 
 
 
 

get listed with our suppliers directory

Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!

list your business