This month KPMG, in partnership with BOSN, has launched a joint report on the economic impact of major sports events in Hong Kong. The study highlights that the hosting of major sports events can have multiple benefits for an organising country or city.
Spectators generated an economic impact of HKD 1.1 billion. Participants and event organisers contributed HKD 200 million and HKD 800 million, respectively.
The study shows that 85% of Hong Kong’s event portfolio are ‘recurring events’, their long-term growth is crucial as they look to become fixed in the Hong Kong calendar for many years to come.
Download full report here
Download press release here