HKTDC’s Exhibitions Revenues Up 1.7%
Earlier this week, the Hong Kong Trade Development Council (HKTDC) published its annual report for the financial year ended 31st March 2016. Revenues generated from exhibitions and mission were US$246 million, representing moderate growth of 1.7% over the previous year. The HKTDC’s total revenues, including the government subvention of US$51 million, posted a year-on-year decrease of 1.9%, amounting to US$355 million.
Revenues from product magazines and its online marketplace slipped 5.4% compared to 2015, down to US$24 million. The operations of the HKTDC-owned Hong Kong Convention and Exhibition Centre (HKCEC) generated revenues of US$23 million, a year-on-year growth of 2.5%.
In this fiscal year, the HKTDC organised 35 fairs that were attended by more than 37,100 exhibitors, up 2.3% over last year. These fairs recorded participation of more than 764,700 buyers, an increase of 1.4% over the previous year.