News this week: Eight trade fairs organised by the Hong
Kong Trade Development Council (HKTDC) from October to early November have attracted
nearly 8,700 exhibitors and more than 200,000 global buyers. Excluding trade
orders, the HKTDC estimates more than HK$1.4 billion (US$181 million) of
revenue was generated by the fairs.
The HKTDC reported a 6% increase in overseas buyers to
approximately 120,000, out of a total of 200,000 buyers from 163 countries and
regions. Double-digit growth of buyers was observed from emerging markets
including Brazil, the Chinese mainland, Indonesia, Malaysia, Poland and
Ukraine. Moreover, buyers from traditional markets such as Australasia, France,
Japan and Korea were up by at least 4%.
HKTDC deputy executive director Benjamin Chau noted, “According
to our statistics, each business traveller spent an average of HK$11,000 during
their stay. Based on this figure, the total amount spent by overseas buyers and
exhibitors during the fairs could amount to more than HK$1.4 billion, not
including earnings from trade orders and related business services.”
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