“We aim to attract more highquality convention and exhibition projects that will bring high value-added business travellers to Hong Kong,” said Tsang.
He also proposed to waive the 3% Hotel Accommodation Tax and to allocate land for
ten sites where new hotels will be built.
“I am confident that with concerted efforts from the industries and government departments, Hong Kong will be able to strengthen Hong Kong’s brand on a global scale and to attract more international trade exhibitions and major conventions.
Monica Lee-Muller, deputy managing director, Hong Kong Convention and Exhibition Centre, said she welcomed all three initiatives proposed by the government. “We have the edge
here. With centralised resources and support from all parties, further enhancement of
infrastructure and service quality, Hong Kong will meet challenges and remain the first
choice of international event organisers,” said Lee-Muller.
Hong Kong’s budget surplus hit a record high of US$14.82 billion for the end of the fiscal year 2007-2008.
The destination recorded an economic growth of 6.3% in 2007.
HK budget delivers US$19 mil bonus for convention and exhibition industry
HONG KONG US$19 million has been earmarked by the Hong Kong government to promote the city's convention and exhibition industry over the next five years. The funding was one of three proposals in the SAR's 2008-09 budget specifically designed to support the industry."Tourism, is a pillar industry of our economy," said John Tsang, financial secretary, announcing the measures.
