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.”
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