Revenue soars at Hong Kong venue

Hong Kong Convention and Exhibition Centre (HKCEC) has “exceeded expectations” for the year ending 30 June 2001 with 2,229 events helping to boost turnover by 18%.

Hong Kong Convention and Exhibition Centre (HKCEC) has “exceeded expectations” for the year ending 30 June 2001 with 2,229 events helping to boost turnover by 18%. Event services revenue leaped 34% while a further HK$10m (£897,000) came from commercial on-site advertising at “strategic locations” at the centre. “I am pleased that such satisfactory results have been achieved through a marked upswing in recurrent business, as well as through the acquisition of new events,” said HKCEC managing director Cliff Wallace. “The HKCEC is emerging from the Asian economic downturn stronger than ever.” The venue also said it had benefited from the introduction of a low season rate for July, August and December 2000 and February and June 2001. The new rates, which cut rentals by 40%, was “a saving much appreciated by organisers”, according to the HKCEC. The venue has also set up a scheme where any new organiser that commits to three years with the HKCEC will get a 30% discount in year one, 20% in year two and 10% in year three. “Customers will continue to benefit from increased value for their dollar in terms of support services, flexibility and strong front-line commitment,” added Wallace.

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