Hotels and Hotel Investment: Questex Hosts International Hospitality Investment Forum in Hong Kong
Hotels and Hotel Investment Opportunities
Questex has strategically chosen Hong Kong for its yearly hospitality investment event, marking a significant return after consolidating operations in Singapore. According to Alexi Khajavi, president for hospitality, travel and wellness at the New York-headquartered company, the decision underscores a long-term commitment to the region.
MICE and Economic Impact
As the region rebounds, Hong Kong's MICE sector has demonstrated a swift recovery, attracting 700,000 overnight visitors in the first half of the year. Each visitor contributes substantially, spending an average of HK$8,000 (US$1,026), enhancing the city's reputation as a global meeting hub.
- Factors for Selection:
- Connectivity and Travel Ease
- Hotel and Venue Infrastructure
- Quality of Audiovisual Capabilities
Questex's ongoing partnership with the Hong Kong Tourism Board (HKTB) strengthens its ties to the local industry, demonstrating its market confidence, despite external challenges.
Looking to the Future
With 520 delegates from 27 countries and 185 hotel investors holding over US$216 billion in investments, the forum reflects a strong interest in the potential of Hong Kong's hospitality landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.