Exhibition booth rents to rise at four trade shows
The Trade Development Council is raising rental charges for exhibition booths at four of its major trade shows by 3 to 5 per cent from April.
The new charges apply to the Hong Kong Electronics Fair, Hong Kong Gifts and Premium Fair, Hong Kong Watch and Clock Fair and Hong Kong International Jewellery Show.
A standard nine-square-metre booth currently rents for about HK$20,000 to HK$25,000 at these shows.
The council's executive director, Fred Lam Tin-fuk, said the increases were needed to cover rising costs. In 1998, in the aftermath of the Asian financial crisis, the council slashed booth rents by between 10 and 20 per cent.
The council is adding a new show, Sports Source Asia, to its 2007 lineup and is studying the feasibility of introducing consumer-oriented retail fairs.
'Unlike trade fairs, which tend to take place around April and October, the timing of retail shows is not as important. But obviously, the best time to hold them is during the summer months and around Christmas,' Mr Lam said.
This year, the council added six new shows and Mr Lam said he expected to report a total of about 36,000 customers or exhibiting companies, an increase of about 10 per cent year on year.
He said expansion of the atrium at the Convention and Exhibition Centre in Wan Chai would have an impact on some of the larger shows, as aisle and exhibition space was currently limited. Completion is expected by the end of 2008.