Friday, July 12, 2013

HKTDC exhibition revenues flat in 2012/13

News this week: Earlier this week, the Hong Kong Trade Development Council (HKTDC) published its annual report for the financial year ended 31st March 2013. Revenues generated from exhibitions and trade missions were flat compared with the previous year at US$210 million. Overall, the HKTDC’s total revenues, including the government subvention of US$49 million, were US$322 million – a year-on-year growth of 2.7%.

Revenues from product magazines and its online marketplace were US$25 million, increased by 1.0% over 2012. The operations of the HKTDC-owned Hong Kong Convention and Exhibition Centre (HKCEC) generated revenues of US$21 million, up 7.7% year-on-year.

HKTDC Executive Director, Fred Lam, quoted in the annual report, “Fiscal 2012/13 was challenging year for Hong Kong exporters… Yet even a difficult environment will yield opportunities. With emerging and mature market economies seeking robust regions with which to trade, we made progress by promoting Hong Kong as Asia’s central business district. Building on our city’s economic advantages, we continued our series of overseas mega-promotions in select mature markets.”

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