Hong Kong govt need to boost exhibition industry

Published on : Friday, December 29, 2017

Belfast Waterfront tops in event exhibition spacing in UKThe exhibition industry in Hong Kong has been emerging as a diversified sector that not only offers interesting venues but also a great variation of support services for music concerts, international conferences, banquets and much more.

 

It earns a gigantic revenue and generates a large number of jobs.

 

So naturally, it does have an immense significance to the country.

 

A recent report that was published by the Hong Kong Exhibition & Convention Industry Association mentions that in 2016 the regional exhibition industry had ended up generating as much as HK$52.9 billion in terms of tourist and consumer spending that equals to nearly 2.1% of the gross domestic product (GDP) for that year.

 

This study also indicates that international exhibitors tend to spend about 75% more than overnight tourists on average.

 

Alongside the direct revenues it generates, the exhibition industry also offers a lot of business opportunities for other sectors including insurance companies, booth builders, logistics companies, travel agencies and hotels.

 

It is estimated that the exhibition sector along with other peripheral sectors offering nearly 77,000 jobs in their city in the year 2016.

 

Chief Executive Carrie Lam Cheng Yuet-ngor, in her maiden policy address had answered calls for the building of more exhibition venues by proposing to expand the existent Hong Kong Convention and Exhibition Centre (HKCEC) in Wan Chai.

 

However she had failed to address another major concern of the local exhibition industry that is the unfair advantage of the Hong Kong Trade Development Council (HKTDC) over other private exhibition organizers.

 

The government of Hong Kong needs to expand the HKCEC in Wan Chai and designate the vacant lots close to the AsiaWorld-Expo on Lantau Island for the construction of new exhibition and conference facilities.

 

Furthermore the government can also consider permitting the usage of the Kai Tak cruise terminal for major exhibitions and events.

 

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 03 imexamerica 2018
  • 06 THSA 2018
  • 07 miltcongress 2018
  • 08 theleisureshow 18
  • 09 cibtm 2018
  • 09 Seatrade Cruise Med 2018
  • 10 Digital Travel Summit EU 2018
  • 10 ITE-HCMC 2018
  • 12 Traveldaily 18
  • 13 aite 2018
  • 14 TravelDaily 18
  • 15 TravelDaily TDC 18
  • 16 OTDYKH 2018
  • 17 Hotel Show dubai 18
  • 18 hospitalityqatar 18
  • 18 thincindonesia 2018
  • 30 PATA

TRAVEL INDUSTRY EVENTS

Get our toolbar!
Review www.travelandtourworld.com on alexa.com