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Revenues Decreased At Convention Centre Dublin Last Year

Published on Nov 23 2021 9:47 AM in General Industry tagged: Trending Posts / Office of Public Works / OPW / Convention Centre Dublin / CCD / Spencer Dock Convention Centre Dublin DAC / SDCCD DAC

Revenues Decreased At Convention Centre Dublin Last Year

Revenues decreased at the Convention Centre Dublin (CCD) by 86.5%, or €17.2 million, to €2.68 million last year due to the COVID-19 pandemic's impact on largescale events.

As reported by The Irish Examiner, all major events at the CCD since March of last year were cancelled or postponed, though the business remained active with the Oireachtas staging Dáil and Seanad sittings at the Convention Centre.

Additional Figures

The Convention Centre reportedly recorded an operating loss of €2.94 million after the revenue decrease.

New accounts for CCD operator Spencer Dock Convention Centre Dublin (SDCCD) DAC reveal that overall revenues decreased by 63%, or €18 million, from a record €28.6 million in 2019 to €10.6 million last year.

The revenue decrease was reportedly cushioned somewhat by income to SDCCD DAC from the owner of the centre, the Office Of Public Works (OPW), decreasing by a much lower 8.6% to €7.94 million.

Convention Centre Chief Executive Statements

The Convention Centre's chief executive, Stephen Meehan, reportedly said, "2020 was an exceptionally difficult year for the events industry throughout Ireland due to the pandemic."

Meehan reportedly said, "Our focus has been to maintain continuity and to ensure our readiness to restore normal service once public health restrictions permitted."

Meehan reportedly said, "We have a very healthy pipeline of bookings filling up for 2022 and future years, reaffirming our position as a high-quality venue capable of attracting major international events."

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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