Hong Kong's exhibition industry saw healthy growth last year despite fierce competition in the region, according to a recent annual survey of the city's exhibition activities.
Figures from the Hong Kong Exhibition & Convention Industry Association (HKECIA) showed a 5.2% increase in the number of exhibiting companies to over 72,000, which led to a more than proportionate rise of 11.8% in the number of exhibition visitors to 2,465,000 visitors.
International and mainland China exhibiting companies performed particularly well, growing by 12.6% and 20.2% respectively. Visitor numbers were up in all the key categories of Hong Kong, Regional, International and Mainland China. The most significant increases came from the region (+27.7%) and Mainland Chinese visitors (+29.6%).
The increases are despite the slight dip in the number of trade and consumer exhibitions to 87 from the 91 held last year. Last year, the city hosted a total of 135 exhibitions occupying at least 2,000 sqm. The survey results were drawn based on the data from 78 respondents out of the 87 trade and trade and consumer exhibitions.
Total approximate stand revenues rose by almost 12% for the year to HK$3.8 billion (US$484 million), reflecting the rise in the number of exhibiting companies despite a small fall in the net square meterage.