Hong Kong Convention and Exhibition Center welcomes $130 million subsidy.

Published on : Tuesday, February 25, 2020

The professional private management company, Hong Kong Convention and Exhibition Center (Management) Limited or HML, recently decided to welcome a subsidy of over US$130 million by the Hong Kong Special Administrative Region (HKSAR). HML is responsible for the daily operation of the Hong Kong Convention and Exhibition Centre. The Government has planned to provide support to the convention and exhibition industry of Hong Kong. This plan also contributes to the idea of reviving Hong Kong’s position as the event capital of Asia.

 

 

Under the scheme, any exhibitions and international conventions held at the HKCEC for the forthcoming 12 months, having above 400 participants including 50% participants from outside of Hong Kong will alleviate event organizers with 100% venue rental cost. In addition, the conference delegates and exhibitors who take part in conventions and exhibitions organized by the Hong Kong Trade Development Council will be eligible for a 50% refund of their participation fees.

 

 

Earlier, a lot of additional costs were spent on marketing and logistics for the smooth operation of events as well as to retain exhibitors. The current scheme will cut down the financial pressure of the event organizers.

 

 

Monica Lee Muller, Managing Director, HML said in a press statement that the organization appreciates HKSAR Government’s financial support. She considers the support as a timely relief measure. She also shared that Hong Kong’s industry has been widely affected by the recent coronavirus outbreak and the public activities in the second half of last year. She thinks the scheme would help in the betterment of the situation.

 

 

Ever since the outbreak of the COVID-19 coronavirus, some exhibitions and conferences scheduled from February to April 2020 have either been postponed or scheduled for later. However, HML has joined hands with event organizers to work towards rescheduling such events with ease and flexibility.

 

 

The date of implementation of the scheme is yet to be announced.

 

 


(No Like Yet)

Related Posts

Tags: , , ,

Comments are closed.

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

ADVERTISEMENT

  • 06 ITB Asia 2020
  • 12 ITE Hong Kong 2020
  • 13 IMEX 20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 AAA-banner 2020
  • 18 WCTIE 2020
  • 20 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. Forum de l’Investissement Hôtelier Africain

      July 7 - July 9
    2. DRT SHOW SHANGHAI

      July 17 - July 19
    3. SHANGHAI WORLD TRAVEL FAIR (SWTF)

      July 30 - August 2
    4. IT&CM CHINA 2020

      August 3 - August 5
    5. Asia Amusement & Attractions Expo 2020

      August 4 - August 6
Get our toolbar!
Review www.travelandtourworld.com on alexa.com