Hotels and Hotel Investment: Questex Hosts International Hospitality Investment Forum in Hong Kong

Tuesday, 10 September 2024, 02:01

Hotels and hotel investment are at the forefront as Questex returns to Hong Kong to host the International Hospitality Investment Forum. After six years of consolidating operations in Singapore, Questex's president, Alexi Khajavi, emphasizes the city's significance as a premier MICE destination. Despite challenges from anti-government protests and the covid-19 pandemic, Hong Kong's tourism sector is rebounding, making it an ideal choice for future hotel investment activities.
Scmp
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:
    1. Connectivity and Travel Ease
    2. Hotel and Venue Infrastructure
    3. 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.


Related posts


Newsletter

Subscribe to our newsletter for the most reliable and up-to-date tech news. Stay informed and elevate your tech expertise effortlessly.

Subscribe