Supporting the local economy perpetually
Tourism is an important component of the NSW economy between the period of January 2016 to December 2016, 33.2 million international and domestic tourists visited NSW spending $26.2b. During this period, Greater Sydney received 9.2 million domestic overnight tourists staying an average of 1.9 nights and spending $261 per day. Sydney received a further 3.6 million international tourists staying an average of 20.5 nights and spending $107 per day.
Hotel guests will create further demand for retail, commercial and transport services increasing the viability of these services.
The Economic Impact Assessment, prepared by HillPDA, estimates the hotel will attract 57,540 visitors nights per annum with an average local spend on retail goods and services at $140 per day. This would result in an injection of $8.0 million per annum to the local business community. This is in addition to the estimated $1.0 to $2.0 million dollars per annum to be locally spent by club and hotel employees.
Enhancing the local tourism offering
Cabramatta is a one of Sydney’s most renowned food tourism destinations. The annual Moon Festival attracts 80,000 per year, with the Cabramatta town centre also experiences 15,000 visitors every Sunday according to the Fairfield Investment Prospectus. As such the proposed hotel component and expanded recreational offer at Cabra-Vale Diggers Club will help to support Cabramatta in becoming a major tourist destination.
The hotel is well positioned near public transport and major arterial roads. In addition, the Canley Vale town centre is a short five minute walk away and the Cabramatta town centre, a 10 minute walk.
Providing additional and diverse local employment
The full development proposal is expected to generate between 196 - 244 new jobs, with 100 of these positions required by the club and 96-144 required to operate the hotel. As of March 2017, there were nearly 2,500 unemployed residents of Canley Vale, Canley Heights and Cabramatta.
Additionally, the creation of new positions provides new career opportunities for our existing employees.
Stimulates the Club’s financial stability
It is estimated the hotel will generate revenue of approximately $7.3m per annum based on an average charge of $202 per night and 82% occupancy rate.
Multiplier effect on other businesses
The proposed hotel will require the procurement of goods and services to operate, subsequently supporting other businesses to grow and thrive