Friday, November 15, 2013

HKTDC autumn fairs attract 200,000+ buyers

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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