As a social asset, the Sydney Opera House has been valued at a remarkable $6.2 billion in Deloitte’s latest report on the iconic venue’s cultural, social and digital worth. This figure represents a substantial 24 percent increase on 2013’s estimate, which declared the landmark to be worth $4.6 billion. This significant growth has been attributed to factors including the growing number of international visitors, increased patronage, enhanced tour and performance experience, building renewal works, consumption of digital content and a possible wider appreciation of the arts in Australia.

The newly released report, Revaluing Our Icon – Midpoint in Sydney Opera House’s Decade of Renewal, has also recorded a 44 percent increase in the Opera House’s economic value, finding that its yearly economic contribution now rests at $1.2 billion compared to 2013’s $775 million.

It also found that the Opera House welcomed 10.9 million guests annually, a 33 percent increase on 2013’s figures. Of this number, approximately 2.9 million were international tourists, a growth of 46 percent since 2013. What’s more, the total value of consumer transactions within the precinct has grown almost 50 percent, up to $219 million in 2017, and digital engagement has grown over 400 percent since 2013 and...

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