A Scottish meetings and events venue boosted revenues by 45 per cent last year as the post-pandemic recovery gathered pace.
The Edinburgh International Conference Centre (EICC) posted sales of £11.8m in the year to 31st December 2022, compared to £7.4 in 2021.
CEO Marshall Dallas said there was ‘fast-returning confidence’ in the meetings sector.
“Our 2022 figures tell a post-pandemic rebound story and, combined with bookings in 2023 and the pipeline for 2024 and beyond, we have real confidence that the industry is moving back to pre-Covid levels.”
The EICC hosted approximately 72,000 delegates in 2022 and has now hosted over 2 million delegates since opening its doors in 1995. The venue was Edinburgh’s main vaccination centre in 2021, working in partnership with NHS Lothian.
In 2022, the EICC recorded economic impact, which has a direct benefit to Edinburgh and the surrounding region of £52m, with total economic impact to date at approximately £790m.
Dallas added: “Economic impact is an important measurement of the benefit that the EICC brings to the city, and the planned hotel and hotel school development is going to add to this number while creating jobs in the sector.”
In June 2022, Hyatt Hotels Corporation announced that it has entered a franchise agreement with the EICC for a 350-bedroom Hyatt Centric hotel in the Haymarket area of the city.
The hotel, set to open its doors in 2025, will improve the strength of the EICC as an international event destination, will see revenues reinvested into the conference centre and hotel, and the hotel school will help to address recruitment challenges faced by Scotland’s hospitality industry. The hotel will also be one of the most sustainable hotels in Scotland with zero fossil fuel energy use.
Dallas said: “The opening of the hotel means we will more than triple our revenue run rate, and will see us making significant achievements in terms of sustainability, as well as the development making us one of the most financially sustainable conference venues on the international scene. Overall, we are well on track with our strategic plan for the business.”
This week, the EICC hosts the Global Equity Organisation’s 24th annual conference, between 19-21 April.
Written By
James Lancaster
AMI editor James
Lancaster is a familiar face in the meetings industry and international
association community. Since joining AMI in 2010, he has gained a reputation
for asking difficult questions and getting lost in convention centres. Proofer, podcaster, and panellist - in his spare time, James likes to walk,
read, listen to music, and drink beer.
