The Edinburgh International Conference Centre (EICC) has reported a 45% rise in revenue from £7.4m to £11.8m in the year to 31 December 2022.
The EICC hosted approximately 72,000 delegates in 2022, and has now hosted more than two million delegates since opening its doors in 1995.
Last year, he venue's estimated economic impact to Edinburgh and the surrounding region was £51.9m, with a total economic impact to date at approximately £790m.
EICC chief executive Marshall Dallas said: “Our 2022 figures tell a post-pandemic rebound story and, combined with bookings in 2023 and the pipeline for 2024 and beyond, we have real confidence that the industry is moving back to pre-Covid levels.”
In June 2022, Hyatt Hotels entered into a franchise agreement with the EICC for a 350-bedroom Hyatt Centric hotel in the Haymarket area of the city; set to open in 2025.
Dallas said: “The opening of the hotel means we will more than triple our revenue run rate, and will see us making significant achievements in terms of sustainability, as well as the development making us one of the most financially sustainable conference venues on the international scene.”
During 2022, the EICC also launched an academic advisory board, known as the Exchange Initiative, to raise the city’s global profile, highlight research coming out of the university sector, and drive association conference wins.
Also, during the year, the venue announced that it had taken on the management and operations of Edinburgh’s Convention Bureau, to help drive the city’s business events sector.
This week, the EICC hosts the Global Equity Organisation’s 24th annual conference.
Don't miss the latest headlines with our twice-daily newsletter - sign up here for free.
