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Hong Kong exhibition industry worth £5bn in 2016

Amount is equivalent to 2.1 per cent of Hong Kong’s total GDP for the period
29/11/2017

Pictured: international exhibitors spent on average 75 per cent more than general overnight tourists in 2016

Hong Kong’s exhibition industry contributed HK$52.9 billion (£5bn) to the local economy in 2016 - equivalent to 2.1 per cent of Hong Kong’s total GDP for the period.

The Hong Kong Exhibition & Convention Industry Association’s (HKECIA) latest biennial Economic Impact Study also showed that international exhibitors spent on average 75 per cent more than general overnight tourists in 2016. At the same time, the exhibition industry generated the equivalent of 77,000 full-time jobs for people in Hong Kong. 

Stuart Bailey, chairman of the HKECIA, said, “This latest data comes as a timely reminder of the importance of the exhibition industry to Hong Kong, at a time when decisions need to be made about the support it is given going ahead. We did expect to see a drop in some areas as the global economy has not yet fully rebounded. 

“The findings clearly show the massive benefits delivered at the levels of cash spending, employment opportunities, and spin-off effects for related businesses and supporting industries, and for government income. We must do our best to secure international exhibitors and exhibition visitors who are proven high spenders, and to ensure that Hong Kong continues to have the capabilities to attract and host large and significant exhibitions in the years to come.”

Total expenditure generated by the exhibition industry remained at the same level as that of 2014 despite continuing global economic uncertainty. Of the HK$52.9 billion (US$6.8 billion) in total expenditure effects generated by the industry, just over half – HK$26.5 billion (£2.5bn) – represented direct expenditure made by visitors, exhibitors and organisers. 

From 2014 to 2016 the average spending of overnight tourists coming to Hong Kong declined quite significantly, by 17 per cent.  By contrast, the Study shows that the average spending of international exhibitors and exhibition visitors, while also declining, fell by less than that for overnight tourists, at 10 per cent and 14 per cent respectively. This reinforces the fact that business travellers attracted to Hong Kong by the exhibition industry are high-value individuals who are important contributors to the economy.


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