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Words: | Submitted: Mon Jun 19 2006
... opens for business in the harbour. 3. Importance of Tourism to Hong Kong Tourism industry plays a vital part in Hong Kong's multi-faceted economy and social activities. The number of visitor arrivals has increased from 3.657 million in 1985 to 9.331 million in 19941, an increase of 255% in a decade. Total visitor expenditure in Hong Kong in 1994 amounted to HK$64,263 million2, or an average of HK$6,699 per capita during their stay in Hong Kong. It is important to note that tourism receipts are a direct addition to the foreign exchange earnings for Hong Kong. The Hong Kong Tourist Association's provisional figures for visitor arrivals and tourism receipts for 1995 are 10.02 million and HK$75,000 million respectively. The main measure of the value of an industry to the economy is its contribution to Gross Domestic Product (GDP). According to the Visitor and Tourism Study for Hong Kong, the value-added contribution of tourism industry ...
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