Hong Kong Trade Development Council Fairs Bring in 200,000 Visitors, HK$1.4 Billion to City
The Hong Kong Trade Development Council’s eight fairs held in October and so far in November have brought in not only nearly 8,700 exhibitors, but also 200,000 buyers, up five percent, compared with the year before.
It’s estimated that the fairs also brought in more than HK$1.4 billion to Hong Kong, not including trade orders.
The eight fairs were: Hong Kong Electronics Fair (Autumn Edition), electronicAsia, Hong Kong International Lighting Fair (Autumn Edition), Hong Kong Optical Fair, and the Hong Kong International Wine & Spirits Fair, which were held at the Hong Kong Convention and Exhibition Centre; and Eco Expo Asia, Sports Source Asia and the Hong Kong International Building and Decoration Materials & Hardware Fair, held at AsiaWorld-Expo.
HKTDC Deputy Executive Director Benjamin Chau said that more than 200,000 buyers from 163 countries and regions attended the fairs.
Nearly 120,000 of them were overseas buyers, an increase of nearly six percent, compared with the previous year.
“According to our statistics, each business traveler spent an average of HK$11,000 during their stay,” Chau said.
He added, “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.”
Chau said that the overall buyer attendance had returned to pre-financial-crisis levels. Buyers from emerging markets, such as Brazil, the Chinese mainland, Indonesia, Malaysia, Poland and Ukraine recorded double-digit growth.
In addition, attendance from traditional markets Australasia, France, Japan and Korea each rose at least four percent.
“We think Hong Kong companies can diversify risks by expanding into new markets, taking small orders to widen their customer base and increasing the production of creative and eco-friendly products to improve their competitiveness,” Chau said.