AsiaWorld-Expo expects continued growth in the next five years as it hails a double-digit rise in business over the past 12 months.
The exhibition centre next to the airport said it held events on 210 days in the past year, 26 per cent more than in 2010. Space sales rose 24 per cent to 1.5 million square metres.
'As a new exhibition venue, our growth is actually better than the new venues in other Asia-Pacific areas, such as Singapore and Macau,' chief executive Allen Ha said. 'We are still in the fast-growing stage.'
Ha said he expected double-digit growth to continue in the coming year with further growth likely in the next three to five years as major infrastructure, such as the bridge linking Hong Kong, Zhuhai and Macau, opened.
He was speaking as the centre prepares to hold four shows by pop queen Lady Gaga next week, with others by Jacky Cheung Hok-yau, Jason Mraz and Stone Roses booked in the coming months. Canadian group Cirque du Soleil will perform at the venue in the summer.
Ha would not say how long it would take the 70,000 square metre venue to reach saturation, saying there were no plans at present for expansion.