Geoff Donaghy is CEO of the International Convention Centre Sydney, which recently announced a naming-rights partnership with superannuation industry fund First State Super. He chatted to The Siteseer about what this means, and what else is new and exciting at Sydney’s premier, state-of-the-art events venue.
Siteseer: Geoff, what will the partnership mean in practice for the parties, and how will you both benefit?
Geoff Donaghy: [It’s] a commercial arrangement with mutual benefits. For First State Super the partnership gives their brand the opportunity to be in the heart of Darling Harbour and significantly increase their visibility while providing benefits for their members.
But the relationship runs much deeper than that, and shows their confidence in our operation. First State Super is an existing equity partner in the ICC Sydney project and we both see this as a great way to align our values, cultures and businesses. It’s this aspect we’re very excited about exploring and advancing.
GD: Our PCOs are a very important client group for us, and in March this year we held our second PCO Roundtable. PCOs act on behalf of many of our major international and national clients so it’s immensely important we communicate with them our developments, improvements and advances on a regular basis. [Afterwards clients such as] the CEO of Associations Forum and panel moderator John Peacock applauded us for establishing such a close relationship with PCOs, as did WALDRONSMITH Management Managing Director Kate Smith.
SS: Would you mind pointing to a couple of what you consider to be some other important events at ICC Sydney in the past year or so and why, looking back, they were successful?
GD: Over the past twelve to eighteen months we’ve delivered many major events that have been successful in their own right. [For example] the ASEAN Australia-Special Summit held in March 2018 saw twelve heads of state attend our venue for a high profile and high-security event, which our team delivered seamlessly. In October 2018 we also delivered Sibos, the world’s biggest financial services event. This saw us welcome more than 7,600 business leaders, academics and entrepreneurs from 150 countries.
Exhibitions are an equally important business segment for us and we’ve a number of major repeat events returning to us annually. The Sydney International Boat Show, which uses all of our exhibition space and event deck and builds a major temporary jetty facility in the adjoining Cockle Bay area to display yachts and super boats, is returning to us for the third year in a row next month.
GD: ICC Sydney was designed to [host] a broad range of market segments – from national and international conventions to trade and consumer events as well as important local events like gala dinners and sales meetings. We’re also the major down-town entertainment venue for the city, which sees us arrange live concerts, musicals and comedy shows.
In terms of economic contribution, venue capability and city reputation, international events are [obviously vital] for a convention centre like ours. Earlier this year we held our second annual CEO Asia Roadshow visiting Japan, China and Singapore as these are markets in which we see enormous growth and potential. We’re also ramping up our activities in North America [resulting in] significant success for both corporate and association events.
SS: Would you mind sharing some facts and figures about how important the integrated ICC Sydney has become for the state and national economy?
GD: Sure. Our first two years of operation saw events we hosted delivering a significant impact for the economy of New South Wales. According to a Deloitte Access Economics study in 2018, delegates attending ICC Sydney generated $820 million in direct expenditure for the state, an increase of $35 million on the $785 million direct contribution of the previous year. International and interstate visitors helped generate 72 percent of the total expenditure, resulting in more than 1.57 million overnight stays in Sydney accommodation and the creation of 5,248 full-time equivalent jobs for the local economy. Next month we’ll be releasing our 2018 and 2019 figures, and we expect these results will further show our contribution to the local economy.
GD: It has a burgeoning reputation for the highest quality of operation and with both client and delegate satisfaction ratings at 99 percent, yes, we believe we offer very significant value for money.
SS: How well have the people of Sydney embraced it?
GD: ICC Sydney has become the venue of choice for Sydney. As a landmark venue in the city we run a wide range of public events from children’s shows and exhibitions to those hosting international artists such as Kylie Minogue and Seinfeld. We also support events for charities like the Variety Children’s Charity Annual Christmas Party and Stand Tall event involving over 6,000 high school students. Earlier in the year we hosted the inaugural VIVID School, which brought together STEM students and budding artists from years nine to twelve from across the state.
SS: What are the priorities for you and your team right now?
GD: It’s a given that success will attract competition and our industry is immensely competitive, across the globe.
[So] the most important priority for our team is to maintain the highest-possible standards at the highest-possible level of consistency, ensuring we’re constantly reviewing and refreshing what we offer to clients across all our market segments.
SS: Are you still enjoying what must be a hugely challenging job? What pleases you most?
GD: Opening and establishing a world-class venue does come with challenges. What pleases me most is watching the team come together and receiving recognition for their extraordinary efforts across Australia and around the world. This is what I find most gratifying as a CEO in the venue business.
Geoff Donaghy is Director of Convention Centres for venue management specialist AEG Ogden, which operates convention facilities in Australia, Asia and the Middle East including the International Convention Centre Sydney (ICC Sydney).
He is CEO of the ICC Sydney, which opened in December 2016 and established as one of the world’s leading convention, exhibition and entertainment facilities.In addition to his role at ICC Sydney, Geoff is Director of Convention Centres AEG Ogden and the immediate past President of the Brussels-based International Association of Congress Centres. He is on the executive committee of the Joint Meetings Industry Council.
Geoff’s experience in the business events industry was born from his airline and hotel industry experience. He headed the Cairns region’s successful tourism and convention bureau for five years before managing the 1996 opening of the Cairns Convention Centre. He also served for five years as Chairman of the Business Events Council of Australia. He has been awarded the Australia Centenary Medal by the Federal Government, the Australian industry’s Outstanding Contribution Award, and the Joint Meeting Industry Council’s Global Power and Profile Award.