Metro Toronto Convention Centre Generates Half a Billion in Economic Impact

Published on : Thursday, May 23, 2019

The Metro Toronto Convention Centre (MTCC) announced today that it generated $556 million in economic impact for Toronto and the Province of Ontario during its 2018/19 fiscal year.

 

 

Aside from the centre’s key contribution to the economy, the end of year results also highlight how the MTCC supports local businesses, helps fight hunger in the community and continues to lead by example in terms of sustainability.

 

 

How the MTCC helped boost the economy in fiscal year 2018/19:

 

In 2018, the Convention Centres of Canada recognized the MTCC as the top performing convention centre by measurement of economic impact, gross revenues and profitability among 21 centres across Canada.

 

 

Community Impact Results:

 

“The Metro Toronto Convention Centre does great work attracting events and conventions from all over the world to our wonderful province,” said Michael Tibollo, Minister of Tourism, Culture and Sport. “These conventions bring in visitors that stay in local hotels and explore our restaurants and attractions, resulting in a boost to the local economy. Congratulations to the MTCC on another impressive year.”

 

 

“The MTCC continues to be successful while making a significant contribution to Toronto and Ontario,” said Lorenz Hassenstein, President and CEO of the MTCC. “Our strong financial results and continued success reflect our commitment to the economy and local community. We would like to thank our industry partners for their continuous collaboration and support.”

 

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