Published On: October 27 , 2017|

The Valencia Conference Centre ensures its financial and economic equilibrium for 2018

In the first nine months of 2017, the Valencian venue has confirmed a 43% increase in events compared to the same period in the previous year and has presented 33% more bids. The venue forecasts a growth rate of over 5% in its activities, and a robust international presence in the events held.

During the board meeting held on 27th October, the Valencia Conference Centre’s Board of Directors approved the venue’s budget for 2018, which factors in a growth rate of over 5% in its activities.

According to the Management Report presented by the organisation for the first nine months of the year, the Conference Centre hosted a total of 65 events during this time which were attended by 56,141 visitors. This represents a 10% rise in events and a 14% increase in visitors compared to the same period in the previous year.

Likewise, the report highlights the positive impact on the venue’s activities of the €1.8 million invested in the Centre by the Valencia City Council over the last 13 months. The new state-of-the-art technology installed as a result of this investment, together with the promotion efforts made by the Centre’s team, have had a positive effect on attracting new business, with 69 new events being confirmed in the first nine months of 2017, up 43% on the same period in the previous year, whilst the venue presented 40 bids during this time, i.e. an increase of 33% on 2016.

The Centre’s forecasts for future events have also improved with a 13% increase compared to the previous year. Twenty-seven congresses have already been confirmed, which will generate around 85,000 overnight stays in the city of Valencia. In more specific terms, international events will play a major role in the Centre’s activities in 2018. In January, for example, these events will account for 60% of all the venue’s activities.

In the words of Sylvia Andrés, the Centre’s Managing Director, “these positive figures ensure the venue’s financial and economic equilibrium, and also consolidate its role as a local driving force for the economy, contributing to improving the position of Valencia on the international stage as a congress destination and meeting point for scientific, economic and cultural communities from around the world”.