Hong Kong’s creative industries can give tourism sector a boost, experts say
Hong Kong lawmakers and industry insiders believe that developing the city's "soft power" will attract more visitors, suggesting that budget cuts to the tourism sector don't necessarily hinder industry growth. This perspective comes after the finance chief announced a 19.1% reduction in funding for the Tourism Board, bringing it down to HK$1.23 billion (US$157.7 million) due to an overall government deficit.
Despite the tourism budget decrease, funding for creative industries will increase by 25.3% to HK$1.22 billion, and the sports and recreation sector will more than double to HK$1.48 billion. Lawmaker Adrian Ho King-hong explained that this resource shift is essential given the government's limited financial reserves, arguing that the Tourism Board has historically received significant support while creative and cultural industries have been underfunded.
via SCMP Full Text Feed
Hong Kong lawmakers and industry insiders believe that developing the city's "soft power" will attract more visitors, suggesting that budget cuts to the tourism sector don't necessarily hinder industry growth. This perspective comes after the finance chief announced a 19.1% reduction in funding for the Tourism Board, bringing it down to HK$1.23 billion (US$157.7 million) due to an overall government deficit.
Despite the tourism budget decrease, funding for creative industries will increase by 25.3% to HK$1.22 billion, and the sports and recreation sector will more than double to HK$1.48 billion. Lawmaker Adrian Ho King-hong explained that this resource shift is essential given the government's limited financial reserves, arguing that the Tourism Board has historically received significant support while creative and cultural industries have been underfunded.
via SCMP Full Text Feed
