The award winning Queen Elizabeth II Conference Centre (QEIICC), London’s most prestigious purpose built centre for professional meetings and events, is expecting to announce excellent results from trading when its accounts for the financial year 2008/09 are officially released in June.
Ernest Vincent, chief executive officer at The QEIICC comments: “The team at the Centre has strongly focused on operating efficiently during the recession, containing costs and increasing sales; producing a likely net surplus in the £3 million mark from improved 2008/09 revenues. The venue hosted over 380 events during the year, 25 percent of which were government meetings, with the remainder coming from the association and corporate sectors.
“Like all businesses we expect there to be an impact from the recession over the next two years and continue to plan accordingly. For the first quarter of our new financial year I can report that the Centre is expected to meet its forecasts.”
It is very much ‘business as usual’ for The Queen Elizabeth II Conference Centre whilst the Government, its owners, commissions a group of property experts to explore the opportunity of redeveloping the existing site in a way that is sympathetic to planning considerations and current business operations, retaining the existing conference business for the foreseeable future.
A number of new initiatives introduced during the last financial year have impacted on the results – these include: The introduction of a day delegate rate that reflects value for money in the current economic climate and makes the Centre more accessible to a wider range of clients; The launch of the ‘Masterclass’ series of events designed to educate event organisers; The creation of a media suite to compliment and enhance events held at the Centre; and an alliance with Central Hall Westminster that enables clients to have the use of both facilities with a combined capacity of up to 2,100 delegates thus opening up both venues to the International Association market and any other large scale events.