Strangers Everywhere closes with a slightly lower audience than in 2022

The same origin of the public for the last two biennials was 59% from abroad and 41% from Italy. As far as the participation of young people and students under 26 is concerned, the figures are also similar, with the two Biennales recording a similar incidence of 30% of the total visitors.

Yinka Shonibare. (Ph by Marco Zorzanello)

The forecasts for the economic results of the 60th International Visual Arts Exhibition in the budget drawn up by the Foundation assume a positive result of EUR 5.32 million. In drawing up the 2024 budget, the Foundation considered an audience forecast for the 60th International Visual Arts Exhibition equal to the 2022 edition with a slight increase in the average value of the ticket price, due to the introduction of new, slightly higher prices, while maintaining concessions for younger audiences aimed at encouraging the inclusion of increasingly diverse groups of the public.

Contributing to the estimated final result are 2024 budget revenues totalling Euro 66.9 million deriving from resources for public grants amounting to Euro 33 million and other revenues amounting to Euro 31.4 million, which correspond to revenues from ticketing, publishing and food and beverage services. In estimating revenues, the Foundation has decided to indicate a value in line with that of 2022, as it also did for sponsorships and liberal donations, included in the item other revenues, and estimated at Euro 7.78 million.

On the cost front, the 2024 budget indicates an amount of approximately 61 million, a value that considers costs for services of 40.7 million, personnel costs of 9.6 million with a limited increase of less than 7% and with an incidence on the value of production of 12.82% (it was 15% in 2023 and 11.84% in 2022, the same year for activities). Finally, the budget takes into account the costs of the Biennale College activities in Cinema, Dance, Music and Theatre, Visual Arts and ASAC for an annual value of 3 million.