Business Events Tasmania (BET) has welcomed the recent State Government budget announcement of $1.2million over four years towards a business events attraction fund.

This additional funding will allow BET to offer financial support at the critical bidding stage, to help secure strategic conferences that align with Tasmania’s key industry sectors.

BET is very pleased to see the State Government supporting the building of the lucrative business events sector in Tasmania. This funding boost will help Tasmania maintain a competitive edge when bidding for conferences and business events against competing destinations.

In recent years, we’ve seen an increasing number of destinations in Australia and within the Asia Pacific region offering incentive funding to secure conferences and business events to their region, and to also have this option will put Tasmania on a level playing field. BET greatly values the continued support of the Premier and his government, and their confidence in BET to deliver real outcomes, both economically and socially for Tasmania.

Business events are one of the most significant sectors in the tourism industry, contributing a direct economic annual return of close to $150 million to the Tasmanian economy, and bringing over 36,000 visitors to the state.

Business events travellers are high yielding, spending on average twice as much as a leisure visitor, often extending their visit to Tasmania and returning for a holiday in the future; making them crucial to the Tasmanian economy.

The spend of a delegate while in Tasmania is widespread.  Delegates spend locally on attending the conference or business event activity, air travel, dining out, shopping, enjoying local experiences, and other expenses

Along with the valuable economic benefit, business events provide broader benefits beyond tourism, with great opportunities for Tasmania to showcase its trade and investment advantages to the world.