Hong Kong's Exhibition Growth Eases in 2012
July 8, 2013
Last week, the Hong Kong Exhibition and Convention Industry Association (HKECIA) released its 2012 Exhibition Survey results which showed slowing growth in Hong Kong’s exhibition industry following consistent high growth in previous years.
According to HKECIA, there were 107 ‘trade’ and ‘trade and consumer’ exhibitions over 2,000 m2 held in Hong Kong during 2011 – slightly down from the 111 exhibitions held in 2011. Based on HKECIA’s survey results, a total of 1,726,693 visitors attended these exhibitions during the year. International and Regional visitors from Asia were down compared with 2011, while visitors from mainland China were up 8.5%.
HKECIA’s survey recorded a total of 59,868 exhibitors in 2012, a slight drop of 1.6% from the 60,817 exhibitors recorded in 2011. Overseas companies exhibiting in Hong Kong increased 3.7%.
HKECIA Chairman Daniel Cheung commented, “Given the difficulties that many companies have faced in recent times, the fact that our Hong Kong exhibition industry has held its ground over the last year is certainly an encouraging outcome. A number of important new exhibitions are bringing new visitors and exhibitors to Hong Kong after a steady year last year. Here at the HKECIA, we’re very optimistic about the current environment, and the direction that the Hong Kong exhibition industry is going in.”
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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