Tourism, Convention and Exhibition Industries
Tourism is a pillar industry of our economy. In 2007, there were over 28 million visitors to Hong Kong, an increase of 11.6 per cent over 2006. Visitor spending is estimated to have exceeded $130 billion in 2007, an increase of 8.9 per cent year-on-year.
The development of a new cruise terminal at Kai Tak will help Hong Kong to develop into a leading regional cruise hub. Tenders were invited last November. We expect that the contract will be awarded in the second quarter of 2008. The first berth will come into operation in February 2012.
To continue to promote development of the tourism, convention and exhibition industries, I propose three measures.