Melbourne Events Spark $270m Spending Surge, Says NAB Analysis
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National Australia Bank Ltd. (NAB) forecasts a $270 million spending surge in Melbourne due to major events like the Melbourne Cup carnival and sold-out concerts by Oasis and Metallica. The analysis predicts an additional $110 million for the city's economy, with a 70% increase in spending in areas like the CBD and Docklands. Retail and hospitality sectors are expected to benefit significantly as thousands of visitors attend these events. NAB's findings highlight the economic impact of cultural and sporting events in Melbourne.
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