At the opening of SportAccord Convention on Monday, professional services firm PwC have revealed research that shows that the event will bring a major increase in the economy of the host city, Belek / Antalya.
PwC, a Gold Partner of the event, estimates that the local economy will benefit to the tune of US$3.85 million from hosting the sports industry gathering, which will also help Antalya and Turkey to achieve longer-term development goals.
The organisers anticipate that the 12th annual edition of the Convention will bring more than 1,500 delegates, most of whom will stay in the city for the entire week.
Non-resident participants in the event are expected to spend around US$2.25m, much of which will benefit local companies. The biggest proportion of this direct spending – 83.6 per cent – will go to hotels and restaurants.
The transport, retail, social and cultural services industries are also expected to benefit from the direct impacts of SportAccord Convention. Indirect economic impacts throughout the value chain are estimated at US$1.59 million.
“SportAccord Convention has become an important vehicle for popularizing sport and healthy lifestyles worldwide,” said Bob Gruman, Managing Partner of PwC’s Global Sports Mega-Events Centre of Excellence.
“Hosting 1500 delegates from global sports associations and media for a full week also provides an excellent opportunity to promote Antalya’s beautiful landscape and rich cultural heritage, while encouraging delegates and guests to visit the city again for personal or business reasons.”
According to PwC, SportAccord Convention will support the Turkish government’s 2023 Strategic Plan and the region of Antalya’s development plan by encouraging business activity in areas related to the event through the development of social and intercultural networks. Demonstrating the region’s ability to host such events will attract further major events to Antalya.
Hosting a significant number of delegates from all over the world and publicizing the event through global media will promote Antalya as an important global destination for sporting and cultural activities. Promoting sports and the hosting of sports events will also inspiring healthy lifestyles, the PwC reports states.
SportAccord Convention’s managing director Nis Hatt said “We are extremely pleased to know that our event will deliver real economic benefit to Belek and Antalya. To be validated by PwC’s authoritative research means a great deal to our organisation and to our stakeholders.”