Hong Kong Posts Positive Results in 2010 Exhibition Survey
June 20, 2011
The Hong Kong Exhibition and Convention Industry Association had good news to announce during its June 17 Annual General Meeting: the number of trade exhibitions, visitors, exhibiting companies and showfloor space all showed increases, some with double-digit percentages.
In 2010, more than 648,000 visitors from outside of Hong Kong attended trade exhibitions, representing an increase of more than 13 percent from 2009.
This significant leap was fueled by a strong comeback of international visitors, a jump of 18 percent to 214,000, surpassing the pre-financial crisis level.
Visitors from the region increased by 13 percent to 202,000. Mainland Chinese, numbering 232,000, represented an almost 10-percent increase from the previous year.
At the same time, the number of local visitors to trade exhibitions jumped by 14 percent to more than1.2 million.
While the total number of exhibiting companies only showed a modest increase of 2 percent to 56,800, the increase of total space occupied, however, saw a 10-percent increase to 872,000 square meters.
“We are very excited to report such encouraging growth figures in the HKECIA 2010 Exhibition Survey,” said HKECIA Chairman Daniel Cheung. ”While we are happy to see Mainland companies investing heavily in our shows, it is clear that Hong Kong remains an important global sourcing hub.
He added, “Our international business partners have returned after a short lived dent, demonstrating time proven effectiveness of Hong Kong trade exhibitions as their business platform. With such positive indicators, the association has full confidence that trade exhibitions in Hong Kong will continue to flourish and this reaffirms the city’s leading role in the industry.”
The HKECIA survey covered number of exhibiting companies, visitors and spaceoccupied at major exhibitions of more than 2,000 square meters held in Hong Kong from January to December 2010.
The HKECIA distributed the questionnaire to 47 organizing companies, which ran 118 exhibitions in Hong Kong across the calendar year.
Out of these 118 exhibitions, 94 were trade exhibitions, while the remaining 24 were consumer shows. Figures stated were calculated from 89 completed questionnaires from trade exhibitions.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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