Tourism Accommodation Australia (NSW) strongly welcomes the NSW Government’s announcement that $1 billion will be invested in creating Australia’s first fully integrated convention, exhibition and entertainment precinct on a 20 hectare site at Darling Harbour.
TAA (NSW) director Carol Giuseppi welcomed reports from NSW Premier Barry O’Farrell that a new hotel was among the options being considered by bidding consortia.
“This is a once in a generation opportunity to develop a “whole of precinct” approach to an iconic new convention centre,” Ms Giuseppi said.
“A revitalised convention and exhibition centre is certainly long overdue.
“Our current facility has made Sydney uncompetitive in the national and international arenas for some time so it is very important that the focus on this redevelopment ensures we are competitive on the world stage.
“The creation of the biggest convention hall capacity in the nation will go some way towards that and we look forward to a vision for the convention centre that will result in another iconic building for Australia’s only global city.”
Ms Giuseppi said the full closure of the facilities at Darling Harbour between 2013 and 2016 is unfortunately necessary.
“However, we need to be aware that this will impact on demand during that period and this will lessen the pressures on hotel supply in the short term – but it will definitely build potential in the long term,” she said.