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News 18/03/2005   

Record tourism year bulges Hong Kong coffers
 
Hong Kong’s record 21.8 million visitor arrivals in 2004 has brought with it a substantial boost to the economy.

Total expenditure associated with inbound tourism for 2004 reached HKD91.8 billion ($14.8 billion), while both major components of tourism expenditure also recorded strong increases.

Visitor spend on goods and services in Hong Kong grew to HKD69.6 billion ($11.26) billion, with more than half of this amount, HKD38.6 billion, contributed by the record 12.2 million arrivals from mainland China.

Across all markets, the destination expenditure contributed by overnight visitors was HKD61.1 billion ($9.9 billion), while same-day in-town visitors spent HKD5.6 billion ($906 million).

Hong Kong Tourist Board executive director Clara Chong said the substantial increase in 2004 expenditure reflected the growing contribution made by tourism to Hong Kong’s economy.

18 March 2005


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