Rent lure for exhibitors extended as test looms for book fairLocal | Amy Nip 15 Jun 2021
A scheme that offers rental subsidies for exhibitors and organizers of exhibitions and conventions during the pandemic will be extended by six months to June 30 next year.
The scheme - set up last year with a commitment of HK$1.02 billion under the Anti-epidemic Fund - gives exhibitors at Trade Development Council events a subsidy amounting to 50 percent of their fees, subject to a cap of HK$10,000 a booth from November 30 and 10 booths per exhibitor. The same subsidy and cap applies to those taking part in major TDC conventions.
Event organizers at the Hong Kong Convention and Exhibition Centre and AsiaWorld-Expo can receive subsidies amounting to 100 percent of the venue rental. As of the end of last month, the subsidy bill for 31 exhibitions has hit HK$61 million.
The council announced last week that the Hong Kong Book Fair, the SAR's biggest exhibition, will be held at HKCEC from July 14 to 20.
Its chairman, Peter Lam Kin-ngok, expects visitor numbers to be just 70 percent of the past, with last year's fair twice postponed to December and next month. In 2019, 980,000 people visited the seven-day fair.
Around 670 exhibitors will be participating in this year's fair, with most of them local bookstores.