2011 Exhibition Survey for Hong Kong Indicates Healthy Industry
June 25, 2012
Other regions of the world may be experiencing economic troubles, but according to a recent survey released by the HongKong Exhibition and Convention Industry Association, the exhibition industry in Hong Kong is thriving.
The survey tracked exhibitions in Hong Kong last year and the numbers of companies coming to Hong Kong to exhibit, the amount of exhibition space they occupied and the numbers of visitors coming from overseas to exhibitions all grew year over year, in some cases posting double-digit growth.
“This is another effective testimony to the importance of the exhibition industry for trade in Hong Kong. It’s always good to see positive figures indicating robust growth, but their significance is heightened when we take into account the global economic environment in 2011,” said Daniel Cheung, HKECIA chairman.
There were 111 ‘trade’ and ‘trade and consumer’ exhibitions with 2,000 square meters or more held in Hong Kong from January to December 2011, up by 19.4 percent from 93 exhibitions held in 2010.
The HKECIA survey data, based on 100 ‘trade’ and ‘trade and consumer’ exhibitions that responded to the survey recorded a total of 1,845,140 exhibition attendees for 2011.
The number was up on the previous year, and the number of exhibition visitors arriving from outside Hong Kong also rose markedly by 8.8 percent, compared with 2010.
The jump was driven by a 10 percent growth in regional visitors and 13.3 percent growth from Mainland China as well.
This rise in attendee numbers was matched by growth in the number of exhibiting companies coming to Hong Kong in 2011.
According to the survey, some 60,817 companies showcased their goods or services at the major exhibitions surveyed, up by 7.2 percent from 2010’s total of 56,751.
Of these, there was strong participation from overseas companies, which clearly saw Hong Kong as an important business option in an uncertain global environment.
Companies coming from outside Hong Kong rose by 9.4 percent in 2011, with international companies increasing in number by 17.9 percent.
“This is a clear indication that Hong Kong remains one of the most important business platforms for overseas companies wishing to promote their products and services to customers in Mainland China,” according to HKECIA officials.
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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