FS hails HK$5.8b mega-event economic lift
Financial Secretary Paul Chan said Hong Kong's mega-events have given the local economy a solid lift, with strong visitor turnout and sustained retail growth in the first half of this year. In his weekly blog on Sunday, Chan revealed that over 130 events drew approximately 1.75 million visitors, generating an estimated HK$5.8 billion in consumer spending and contributing roughly HK$3.3 billion in…
Financial Secretary Paul Chan has hailed Hong Kong's mega-events as a significant economic boost, with strong visitor turnout and sustained retail growth in the first half of the year. Over 130 events attracted approximately 1.75 million visitors, generating an estimated HK$5.8 billion in consumer spending and contributing roughly HK$3.3 billion in economic value.
The retail sector has recorded 14 consecutive months of growth, with a cumulative increase of 9.6 percent, with the Hong Kong Football Festival and Audi Football Summit being prime examples of this momentum. The cultural sector has also contributed to the city's vibrancy, with the Palace Museum's "Ancient Egypt Unveiled: Treasures from Egyptian Museums" exhibition drawing over 570,000 visitors and generating over HK$30 million in sales for related cultural products.
Looking ahead, Chan expects more than 1.85 million visitors and approximately HK$5.9 billion in spending for the remainder of the year, with Hong Kong hosting the Asia-Pacific Economic Cooperation Finance Ministers Meeting in October.
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