Despite uncertainties over the global economy, Hong Kong’s meeting and exhibition industry remains strong, according to a Hong Kong Exhibition and Convention Industry Association (HKECIA) survey.
The survey of exhibition activities in 2013 was sent to 100 exhibitions, and responses from 93 exhibitions were recorded. Findings have showed that the total number of exhibiting companies in Hong Kong has increased by 3.7 per cent compared to 2012 to reach 62,101. Growth across all sectors was observed, particularly significant in international exhibiting companies, which experienced an 18.8 per cent jump, accompanied by a 5.5 per cent rise in regional exhibiting companies.
Visitor numbers have seen a year-on-year rise of 6.5 per cent to 1,839,424. The number of Mainland Chinese visitors increased by 12.8 per cent, while Hong Kong visitors grew by 7.4 per cent. It is suggested that Asian businesses now have considerable purchasing power, thus luring international and regional companies to expand their business contacts in the area.
“It is clear that Hong Kong remains an important destination for international and Mainland businesses, which is why we are seeing a rise in exhibiting companies and visitors coming here,” said HKECIA newly elected Chairman Javed Khan. “The figures are also interesting in that they suggest a shift in global economic realities, as increasing numbers of international exhibiting companies are coming to Hong Kong for business opportunities.”
“The importance of our industry is well recognised by the HKSAR Government which has commissioned a professional consultancy study on the demand of exhibition and convention facilities in Hong Kong. I look forward to the results of this very important study and the Government’s prompt initiatives in addressing its recommendations. ”