“There has been much debate about the impact of virtual meetings and hybrid events during the pandemic, and whether that would have a long-term impact on the conference business,” he said. “However, from the level of interest and enquiries that we are currently experiencing, it is clear that conferences are back. People want to interact in person, rather than over Teams or Zoom calls or on webinars.
New accounts for CCD operator, Spencer Dock Convention Centre Dublin DAC show that overall revenues fell by 9 per cent from €10.6 million to €9.65 million last year. The revenue drop from overall pre-Covid revenues of €28 million in 2019 was cushioned somewhat by income to SDCCD DAC from the owner of the centre, the Office of Public Works sticking at €7.94 million.
The convention centre last year recorded an operating loss of €3.24 million after the revenue drop. However, net interest receivable of €10.09 million resulted in a pretax profit of €6.86 million. The company last year paid a dividend of €8.5 million to its owner, the State-backed Irish Infrastructure Fund.
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