How accountants and lawyers scored big from RWC
A range of Auckland sectors cashed in on the Rugby World Cup.
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Lawyers and accountants were among the biggest beneficiaries from Auckland's $512 million Rugby World Cup revenue.
The single biggest sector to benefit was property and business services to the tune of $202m, which includes things such as architects, accountants and lawyers in the years leading up to the tournament.
Auckland Council's tourism arm says the cup injected extra $512m into the local economy.
Auckland Tourism, Events and Economic Development says the RWC spending was between 2006 and 2012.
Mayor Len Brown says the result demonstrates the importance of hosting events in the city.
ATEED destination general manager Rachael Dacy told NBR ONLINE the additional revenue covers all new spending in Auckland related to the event.
"The benefits that came in was over a longer period of time than just the tournament itself. It includes sponsors' spending, RWC organising staff setting up here in 2009 and spending around construction," she says.
"The construction of Eden Park, for example, would be included in that."
ATEED's top-10 winners from the RWC are:
1. Property and business services - $202m
2. Construction - $109m
3. Manufacturing - $87m
4. Accommodation, Cafes, Restaurants - $71m
5. Transport and storage - $69m
6. Retail trade - $69m
7. Wholesale trade - $66m
8. Finance and insurance - $57m
9. Cultural and recreational services - $53m
10. Communications services - $28m
Heart of the city's Alex Swney says there is no doubt hosting major events is an economic winner for the city.
He says the best part of these figures is the breadth of sectors impacted by the Rugby World Cup.
"I think for a long time we thought accommodation was going to be the big winner, but it comes in at number four."
He says there were some surprises in who benefited from the tournament.
"I didn't think that walking trail up to Eden Park had a chance of flying in October when it rains every day, walking four and a half kilometres, but how wrong was I?"
Mr Swney hopes people continue to embrace the economic value of bringing events to Auckland.
Caleb Allison
Fri, 25 May 2012
Fri, 25 May 2012
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How accountants and lawyers scored big from RWC
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