Benefits of Kowloon restaurants and hotel business a. New attraction b. More tourist evils Hong Kong Bring more customers to Kowloon c. 2. Provide Jobs a. Need to recruit more staff b. Reconstruction of capital items c. HECK local tour According to a release, upon the phased completion of a planned transport network, the new cruise terminal at the Kaki Take development site and neighboring districts will be more closely connected, enhancing economic benefits, Secretary for Commerce & Economic Development Gregory So said.
In a written reply to the Legislative Council, Mr.. So said the Government will continue to co-operate closely with major cruise companies and the Hong Kong Tourism Board to attract more cruise vessels to Hong Kong. He said more resources will be allocated to the Tourism Board to strengthen its co- operation with cruise lines to promote Hong Gong’s cruise market, and to lengthen the stay of cruise liners and tourists in Hong Kong through collaborative efforts with the travel trade in developing more diversified shore-excursion programmer.
It would also continue to strengthen the co-operation with nearby ports to enhance the regional cruise market’s potential. Government projections of the financial benefits of the Kaki Take terminal appear to be overestimated by as much as 75 per cent, a South China Morning Post investigation has found. Official estimates reported in 2008 suggested the total value-added contribution to the economy would be HECK$860 million to HECK$I . 09 billion this year alone.
But an analysis of the numbers expected when 37,000 passengers on 16 ships using he terminal between Its opening in June and April next year suggest this Is hugely optimistic. An examination of each vessel’s Itinerary by the Post shows Hong Kong will be a port of call for seven out of 10 passengers: the rest will be joining or ending their cruise Based on the 2012 per capita spending of the two types of cruise tourists – HECK$4,833 for those starting or ending their tours in Hong Kong and HECK$2,141 for those stopping in briefly on their tour – all passengers will spend about HECK$OHIO million in that time.
This figure will be boosted by the value-added approach of economic analysis, which takes into consideration a “multiplier effect” of tourist expenditure, meaning the sum could go from one business to another and create bigger benefits. The multiplier is 2. 5 to 3 in Hong Kong, so HECK$OHIO million of tourist spending would add HECK$300 million to the city’s gross domestic product, associate professor of economics at Chinese University Deterrence Chon ATA-lung said. This is Just over a quarter of the official estimate.
Hang Seen Management College’s dean of school of business Professor Raymond So Way-man said the government tended to exaggerate the benefits of projects. Delays in the terminal’s construction may have dragged on its competitiveness, he said, but its opening would be the starting point for HECK to Join the cruise race. Chon agreed: “The building of a terminal can enhance the city’s image and create long-term benefits. ” Work on the long-awaited terminal started in 2009, after the site lay vacant for more than a decade.
The government failed to find a suitable candidate to build the terminal, and eventually decided to build it itself at a cost of HECK$7. 2 billion. Competitor Singapore opened its Marina Bay Cruise Centre last October. From this June to April it will handle 89 dockings. Jeff Bent of Worldwide Flight Services, a partner in the consortium that will run the Kaki Take terminal, said he was disappointed in the number of ship calls. Cruise companies were not confident the terminal would open on schedule and had not bothered to book ships into it.
