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Concert cap hits right note for accommodation operators

NSW has lifted the cap on concerts for the SCG precinct and Allianz Stadium

The NSW Government’s decision to lift the cap on concerts for the SCG precinct and Allianz Stadium hits the perfect note for the accommodation sector. 

Today, the NSW Government has announced the lifting of the SCG precinct concert cap from an average of 4 events a year to 20 events a year.

These additional sixteen concerts are estimated to inject up to $120 million a year into the NSW visitor economy.

Accommodation Australia NSW Manager Stacey McBride welcomed the decision as the sector continues to recover from the pandemic. 

The new summer print edition of AccomNews is available now. Read it HERE

“Lifting the cap from four concerts per year to 20 just makes good sense,” said Ms McBride.

“It will bring in more international artists who, in turn, attract tourists from interstate, overseas and other parts of NSW into the CBD.

“Events consistently increase occupancy rates at hotels, we saw it with Ed Sheeran, Elton John and Harry Styles and we are seeing it again in a big way ahead of Taylor Swift.

“Early statistics for the Swift concerts in February show, on average, a 36 per cent increase on bookings compared to this time last year,” she said.

NSW Premier Chris Minns said the lifting of the concert cap means NSW is “well and truly open for business”.

“This is a huge win for the NSW economy, and it’s great for live music,” he said.

“For too long NSW has missed out on world class acts because of an archaic restriction that killed fun in our city and hurt the economy.

Sydney is Australia’s only global city and now it will finally be able to host more global acts on the world stage.”

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