Post event Update Operations and Monitoring
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Mountain Bike Events Limited OBJECTIVES: [As per Constitution] The objectives of the Company are to: Effectively and efficiently promote and facilitate major mountain bike events in Rotorua and assist the Events becoming self-sustainable by re-investing profits from the Events to further develop and promote the Events VISION: By hosting Crankworx and other world-watched events that showcase Rotorua as the world’s premier year- round mountain biking resort, significantly grow the economy and the reputation of Rotorua as a compelling place to visit, live, work, play and relax. MISSION: “To sustainably deliver an outstanding Crankworx Festival in years 2015 through 2027 with legacy effects contributing to Rotorua’s Vision 2030 Goals 3,4,5 & 6”.
3 primary outcomes: 1) Community engagement 2) Putting Rotorua on the map as a genuine international mountain biking mecca 3) Economic benefit to the region and perception change.
2. Putting Rotorua on the map as a genuine international mountain biking mecca ----------------- 121 Media (61 International) Media value= TBC International Viewership = 11.3 million (increased from 4.6 million in 2016, and-------- 1.8 million in 2015) ----------------- Significant additional exposure (eg. 1.8 million views)
3. Economic impact and perception change: 95.3% of visiting spectators to Rotorua indicated that A lot of people came here for Crankworx was their primary Crankworx reason for visiting Rotorua (2016: 95.6%). -Average length of stay was 7.8 nights They stayed for a good in Rotorua. amount of time (49 nights in NZ for International Visitors) The event is helping to change 67.1% of respondents said that Crankworx Rotorua improved people’s perception of Rotorua their perception of Rotorua.
3. Economic impact and perception change: $4.5m economic impact on Rotorua’s economy in 2017. Economic impact was (That’s $14.8 million over 3 years!) significant First 4 Skyline site days offsite Enduro-only Spectators & support (First 4 days of the event)
The proposition Option 1 Option 2 Outcome • Wrap up 2017 • 10 year deal • Signed. • Scale back the event • Enduro World Series • Confirmed for 2017 & 2019. • Repay the underwrite • Industry Trade show • Launched. • International audience • From 4.6m to 11.3m (YTD). • Cultural collaboration • Partially achieved. • Market to Australia • From 397 to 589 in 2017. • School Program • 302 competitors, 174 students. • Observer program • 11 event organisers. • Evolve the festival • 9 day festival with 17 events.
Mountain Bike Events Limited Provisional summary 2015 2016 2017 MBIE + trust 459,390 335,218 566,176 revenue Total Revenue 1,104,781 1,179,861 1,599,846 Total Expenses 1,198,670 1,213,647 1,591,083 Net Loss/Gain -93,889 -38,630 8,764
A sneak peak… Enhancements • Create an XCO-elite race • International audience • Consolidate locations • Trans-tasman Enduro • Grow sponsorships • Grow School Program • Concussion leadership • Ticketing and locals days
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