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Parramatta is Australia’s fastest growing night time economy Featured

Parramatta is Australia’s fastest growing night time economy

 A NEW report says Parramatta is Australia’s fastest growing night time economy with a $44 million increase in sales revenue over the past two years.

Parramatta Lord Mayor, Cr John Chedid said the report confirmed Parramatta as a major food destination with restaurants and cafes accounting for 59% of all the City’s night time sales last year – driven by a 17.8% increase in the number of food outlets in the City.

The Australian Night Time Economy – a first analysis report by the National Local Government Drug and Alcohol Committee indicated that Parramatta’s night economy grew by 6.2% from 2009 to 2011.

Lord Mayor of Parramatta, Cr John Chedid said this growth in Parramatta’s night time sales revenue surpassed all local government areas (LGAs), including Sydney CBD and Melbourne.

“The findings reflect Parramatta’s position as the driving force behind Australia’s most significant economic region, and a growing entertainment centre for people living and working in Western Sydney,” Cr Chedid said.

“The growth in our night time economy provided an extra 400 jobs in our city, which is a great result for Parramatta.

“These new figures validate the work Council has undertaken to activate key areas of Parramatta. We’re providing residents, visitors and workers a more diverse range of experiences such as food trucks in Church Street Mall, Parramatta Lanes event as part of the Crave Sydney Food Festival and row boats by the River.”

Key statistics for Parramatta’s night time economy:  

• Parramatta’s night time economy generated $760 million in 2011 – an increase of $44 million from 2009 and 6.2% in sales revenue.

• Restaurants and cafes account for 59% of all sales revenue.

• Number of food outlets increased by 17.8% (346 outlets in 2009 to 404 in 2011).

• The biggest reduction in sales revenue was in gambling activities, losing $12.5 million.

The Australian Night Time Economy – a first analysis report can be downloaded from the Local Government Alcohol and Drug Network at www.lgadin.gov.au



editor

Publisher
Michael Walls
michael@accessnews.com.au
0407 783 413

Access News is a print and digital media publisher established over 15 years and based in Western Sydney, Australia. Our newspaper titles include the flagship publication, Western Sydney Express, which is a trusted source of information and for hundreds of thousands of decision makers, businesspeople and residents looking for insights into the people, projects, opportunities and networks that shape Australia's fastest growing region - Greater Western Sydney.