The results of a study of the economic impact of the exhibition and conference centre Luxexpo The Box reveal €306 million in turnover and €236 million in added value from 74 events. Results that seem to contradict remarks made by Francois Bausch of the Green party just a few days earlier.
As reported on Delano last week, the future of Luxexpo seemed to have been called into question by Francois Bausch of the Green party (Déi Gréng) when he remarked at the recent press conference by the Fonds de Kirchberg, the government organisation responsible for the continued development of the Kirchberg plateau, that the site could be used in better ways.
At the same time, he said that a study was underway to examine the economic impact of the exhibition and congress centre, the results of which were presented to the press on Monday.
The two principal shareholders of Luxexpo The Box--the Luxembourg Chamber of Commerce and the City of Luxembourg--revealed the positive results of an independent study carried out into the economic impact of the exhibition and conference centre on Luxembourg in general and Luxembourg City in particular. They also seemed nonplussed by Bausch’s earlier comments.
According to the study, since 2014, when the Luxembourg Chamber of Commerce made the decision to become a major shareholder, Luxexpo The Box has generated more than €306 in turnover and €236 in terms of added value to the profit of the Luxembourg economy. Figures which also represent 2,800 jobs and €100 million in tax receipts for the Luxembourg government.
In 2017 specifically, €7.8 million in turnover was realised by more than 3,250 enterprises and 360,00 visitors over 74 different events. According to Carlo Thelen, managing director of Luxexpo S.A. and general manager of the Luxembourg Chamber of Commerce, “These results represent a significant contribution to the economy of Luxembourg as a whole, and Luxembourg City in particular.”
Going forward Luxexpo The Box aims to continue its work to assist in the promotion Luxembourg.