GOVT SUBSIDISES EXHIBITORS

19-2-2024

gov_rss

(To watch the full press conference with sign language interpretation, click here.)

Secretary for Commerce & Economic Development Algernon Yau said today that the Government expects the convention and exhibition industry to achieve or surpass pre-pandemic levels given that certain large-scale events have already returned to Hong Kong.

Mr Yau pointed out during a press conference this afternoon that throughout the second half of last year, 61 exhibitions were held in the city, 54 of which had been approved for a total of HK$265 million in government subsidies.

Apart from emphasising that the exhibitions had attracted some 80,000 exhibitors, including 30,000 from local organisations and 50,000 from overseas, he explained that they also attracted over 1.2 million visitors.

Mr Yau added that approval will be given for more exhibitions to be held in the city and the number of people visiting Hong Kong will increase accordingly.

He highlighted the Government's work in promoting large-scale conventions and exhibitions, stressing that such efforts will boost a mega events economy and consolidate Hong Kong’s status as an international city.

“According to past figures, the exhibition industry contributed to 2.1% of the total gross domestic product and the average expenditure of each overnight visitor of meetings, conventions and exhibitions is about HKD$7,200 per day, which is 23% higher than that of the normal overnight visitors," Mr Yau revealed.

Looking ahead, he said he is confident that these visitors’ spending power or the spending total will be very similar and will continue to contribute to the economy’s development in all different sectors including hotels, retail, food and beverage, etc.

“The economic influence (of overnight visitors of meetings, conventions and exhibitions) is much bigger than just normal (overnight visitors),” Mr Yau added.




PREVIOUSNEXT

Latest Business News

最新商業資訊


Seamless connectivity for villages  12-4-2024

gov_rss

People usually find rural life a good way to kick back and spend time at a leisurely pace. But to keep up with the pace ...


Govt showcases tech solutions  13-4-2024

gov_rss

At the second edition of the InnoEX which started today, over 100 technology solutions, including those developed...


Christopher Hui wraps up US visit  12-4-2024

gov_rss

Secretary for Financial Services & the Treasury Christopher Hui met businesspeople and university scholars in Chicago...


HK has multi-pronged digital strategy  12-4-2024

gov_rss

The digital economy has clearly emerged as a new driving force for global economic development. From digital payments to ...