About 21 million visitors arrived in Hong Kong in the first half of 2024, representing a 64 percent increase year-on-year, with overnight visitors accounting for 50 percent of all arrivals during the period. HKTB said the city has received 700,000 meetings, incentives, conventions and exhibitions (MICE) tourism sector travelers, making MICE travel the fastest-recovering visitor segment in Hong Kong. Each overnight MICE visitor spent an average of HK$8,000, which is about 20 to 30 percent higher than the average per capita spend of all inbound overnight visitors. MICE visitors also stayed in Hong Kong for 3.7 nights on average, higher than the average of 3.2 nights for overnight visitors. The events are anticipated to attract approximately 1.7 million visitors to Hong Kong, bringing HK$7.2 billion in consumption revenues and adding approximately HK$4.3 billion to the local economy.

Source: The Standard August 01, 2024 11:04 UTC