LettersPolicy outcomes of Hong Kong’s mega-events can be improved
Readers discuss the impact of the city’s mega-events, the fate of smaller schools, and the need for non-smoking residential buildings
Since 2024, the Hong Kong government has invested more than HK$1.1 billion and launched around 200 mega-events to boost the economy and attract visitors. Yet the results remain limited. Our analysis suggests the policy has not achieved its intended outcomes.
Restaurant receipts rose only slightly, from HK$109.4 billion in 2024 to HK$109.6 billion in 2025, while retail sales increased modestly from HK$376.8 billion to HK$380.5 billion. In 2025, about 103 million Hongkongers headed north, compared with about 167 million inbound passengers. Meanwhile, the unemployment rate climbed from 3 per cent in 2024 to 3.7 per cent in 2025, suggesting the labour market did not benefit despite substantial investment.
To strengthen effectiveness, we recommend a few measures. First, Hong Kong should target high-value visitors from markets beyond the mainland, such as Europe, Africa and the Middle East, who may be more likely to spend on premium services and goods.
Mega-events can enhance the city’s image and generate economic benefits. But to achieve meaningful impact, the Hong Kong government must attract high-value visitors, expand promotion beyond the mainland and improve event quality. Only then can Hong Kong counterbalance the outflow of residents and reinforce its role as a vibrant international hub.