Friday, May 15, 2015
News this week: According to the Hong Kong Trade Development Council (HKTDC), seven trade fairs organised by the council in April attracted close to 224,000 buyers in total, up 1% year-on-year, and had an economic impact that generated more than US$168 million for the local economy.
The HKTDC reported that more than 127,000 buyers, or 57% of the total, originated from mainland China or overseas. In particular, year-on-year increases in overseas buyers were observed from the U.S. (4%), U.K. (4%), Germany (6%), Switzerland (10%), mainland China (2%), India (23%) and the Philippines (12%).
Benjamin Chau, deputy executive director of HKTDC, said, “Despite some uncertainties such as the slowing economic growth in certain Asian economies, the pending U.S. rate hike and the strengthening Hong Kong currency, buyer attendance at our fairs recorded growth… According to the Hong Kong Tourism Board, per capita spending of overnight MICE visitors averaged over HK$9,400 (US$1,213) during their stay.”