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ExCeL delivers £5 billion in five years

Opening of the International Convention Centre sees revenue double at venue

ExCeL London has reached £5 billion in revenue following a record 2015

ExCeL London has delivered £5 billion in economic activity since opening its International Convention Centre (ICC) five years ago.

The East London venue says the ICC has doubled its annual conferences and events revenues since opening in 2010, without taking into account activity generated from the 2012 Olympics and Paralympic Games.

It comes after ExCeL reported a record year in 2015 for conferences and events, including the European Society of Cardiology, Salesforce1 World Tour London and EuroPerio8.

James Rees, executive director ExCeL London, said: “Opening the ICC at ExCeL was the right decision not only for us but for London. In 2008, with the endorsement of the Mayor of London Boris Johnson, we committed to build and open London’s first truly International Convention Centre. At the time London was 19th in the ICCA rankings but we strongly recognised the economic benefit that hosting more ICCA-rated events and large scale corporate conventions would bring to the capital.

"With the support of our owners ADNEC the new £165 million ICC was opened in May 2010 and allowed London to bid for and host major international congresses and events for the first time.

"Five years on, with London now sitting at sixth in the ICCA rankings, we are able to provide organisers with the assurance that by choosing London they will be working with a city which understands their business and can help them to deliver record-breaking, profitable events. The upside of hosting large conventions is the positive effect for London as a whole with smaller events being hosted in hotels, universities and other boutique venues around the city.”

The economic impact findings were a result of an independent study by Grant Thornton.

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