Capital venue flags higher revenues and profit

Published: 04 January 2019

Highlights in 2018 included Michelle Obama speaking at the venue in July while, in Scotland’s Year of Young People, the second year of intakes commenced the UK’s first MSc in business events management – a programme developed through a partnership between the EICC and Edinburgh Napier University.

The Edinburgh International Conference Centre (EICC) is on track to report increased revenue and profits for 2018, buoyed by key events including an appearance by former first lady Michelle Obama.

The solid performance for the past year has also been supported by a strengthened sales team that has helped to drive growth across corporate and association business. In spite of some wider industry concerns around the impact of Brexit, the capital venue has grown European association business during the year while continuing to develop revenue streams outside Europe.

The investment we have made in the sales team combined with significantly stepping up contact with association clients inside and outside Europe has helped to mitigate the impact of Brexit on our business to date.

Marshall Dallas, chief executive, EICC

 

The increased business from North America and China is expected to mitigate the Brexit-related impact over the next 12 to 24 months. Financial results for the EICC have yet to be disclosed, but bosses said recent investment activity was set to pay off.

The previous year – 2017 – was a record one for the venue with delegate numbers up to almost 100,000 and some 200 conferences and events hosted. The economic impact for the city also increased to an estimated £55 million...

Full story via Scotsman News

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